Solar Panel Cost Guide in Genesee, WI (2023 Update)
- Genesee Solar Installation Cost: $13,140
- 25-Year Savings: $26,852
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Genesee
Let's have a look at the average cost of solar in Genesee.
In Genesee, solar panels cost about 2.6 per watt on average. The average solar panel system size in Genesee is around 7.2 kilowatts, meaning a cost of about $13,140 for a solar installation, or $18,790 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Genesee depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. With average savings of about $21,000 on power bills over 20 years, many homeowners in Genesee find going solar has a decent ROI.
Click the button below to get connected to a reputable solar company in your area for a personalized estimate.
Solar savings over time in Genesee
| Year | Return on Investment |
|---|---|
| 1 years | $-11,541 |
| 3 years | $-8,341 |
| 5 years | $-5,142 |
| 7 years | $-1,942 |
| 9 years | $1,257 |
| 11 years | $4,456 |
| 13 years | $7,656 |
| 15 years | $10,855 |
| 17 years | $14,055 |
| 19 years | $17,254 |
| 21 years | $20,454 |
| 23 years | $23,653 |
| 25 years | $26,852 |
Top Solar Installers in Genesee
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar panel installer can make converting to solar power much easier. The expertise that solar companies offer can be helpful as well, especially if you aren't sure what brand of solar equipment you need.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Genesee
Factors that Affect Solar Panel Costs in Genesee
Though the average cost of a solar system in Genesee is $13,140, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Genesee, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,600 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for Genesee homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can play a part in determining the cost. Genesee's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.70 | $11,357 | $21,858 | 8.5 years |
| 8 kW | $2.65 | $14,851 | $29,436 | 8.4 years |
| 10 kW | $2.60 | $18,200 | $37,159 | 8.2 years |
| 12 kW | $2.55 | $21,403 | $45,027 | 8.1 years |
| 14 kW | $2.50 | $24,461 | $53,041 | 7.9 years |
| 16 kW | $2.44 | $27,373 | $61,201 | 7.7 years |
| 18 kW | $2.39 | $30,139 | $69,506 | 7.6 years |
| 20 kW | $2.34 | $32,760 | $77,957 | 7.4 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Genesee, WI Solar Cost FAQs
What is the average cost of installing solar panels in Genesee?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Genesee, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.