Solar Panel Cost Guide in Geneva, WI (Mar 2023)
- Geneva Solar Installation Cost: $13,122
- 25-Year Savings: $23,433
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Geneva
Let's take a look at the average cost of solar in Geneva.
The national average cost of solar panels is $2.66 per watt, but in Geneva it's 2.6 per watt. To cover the typical energy needs of the average home in Geneva, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,122, or $18,764 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Geneva based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the significant upfront cost, the average Geneva homeowner can save around $19,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar company in your area for a personalized estimate.
Solar savings over time in Geneva
| Year | Return on Investment |
|---|---|
| 1 years | $-11,660 |
| 3 years | $-8,736 |
| 5 years | $-5,811 |
| 7 years | $-2,887 |
| 9 years | $38 |
| 11 years | $2,962 |
| 13 years | $5,886 |
| 15 years | $8,811 |
| 17 years | $11,735 |
| 19 years | $14,660 |
| 21 years | $17,584 |
| 23 years | $20,508 |
| 25 years | $23,433 |
Top Solar Installers in Geneva
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make swapping over to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers in Geneva:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Geneva
Factors that Affect Solar Panel Costs in Geneva
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Geneva: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Geneva, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, 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. There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Geneva homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your total costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Geneva, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, 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 | $19,082 | 9.3 years |
| 8 kW | $2.65 | $14,851 | $25,734 | 9.1 years |
| 10 kW | $2.60 | $18,200 | $32,531 | 9.0 years |
| 12 kW | $2.55 | $21,403 | $39,474 | 8.8 years |
| 14 kW | $2.50 | $24,461 | $46,562 | 8.6 years |
| 16 kW | $2.44 | $27,373 | $53,797 | 8.4 years |
| 18 kW | $2.39 | $30,139 | $61,176 | 8.3 years |
| 20 kW | $2.34 | $32,760 | $68,702 | 8.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which company you should choose, since different companies have different panels.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Installation Process: When making the switch to solar energy, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Geneva, WI Solar Cost FAQs
How much does it cost to install solar panels in Geneva?
The average cost of solar panels in Geneva is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial 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 take into account are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Geneva is currently $220,362, which means you can look forward to a value of about $9,035 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Geneva is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.