Solar Panel Cost Guide in Genoa City, WI (2023 Update)
- Genoa City Solar Installation Cost: $12,904
- 25-Year Savings: $25,819
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Genoa City
Here's how much it might cost to install solar panels in Genoa City.
In Genoa City, solar panels cost about 2.6 per watt on average. Because a 7.1-kW system is needed to cover the energy consumption of a typical home in Genoa City, the average price of going solar will be about $12,904 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Genoa City find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Genoa City
| Year | Return on Investment |
|---|---|
| 1 years | $-11,355 |
| 3 years | $-8,257 |
| 5 years | $-5,159 |
| 7 years | $-2,061 |
| 9 years | $1,036 |
| 11 years | $4,134 |
| 13 years | $7,232 |
| 15 years | $10,330 |
| 17 years | $13,428 |
| 19 years | $16,526 |
| 21 years | $19,624 |
| 23 years | $22,721 |
| 25 years | $25,819 |
Top Solar Installers in Genoa City
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make converting to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Genoa City, we've organized a list of our top suggestions here:
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 Genoa City
Factors that Affect Solar Panel Costs in Genoa City
While the average cost of a solar system in Genoa City is $12,904, your actual cost may differ. 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
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,600. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Genoa City, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Genoa City provide solar loans, which reduce your upfront costs of installing solar. Even though solar loans make going solar more accessible for Genoa City homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Genoa City, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Genoa City have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $21,419 | 8.7 years |
| 8 kW | $2.65 | $14,851 | $28,849 | 8.5 years |
| 10 kW | $2.60 | $18,200 | $36,426 | 8.3 years |
| 12 kW | $2.55 | $21,403 | $44,148 | 8.2 years |
| 14 kW | $2.50 | $24,461 | $52,015 | 8.0 years |
| 16 kW | $2.44 | $27,373 | $60,029 | 7.8 years |
| 18 kW | $2.39 | $30,139 | $68,187 | 7.7 years |
| 20 kW | $2.34 | $32,760 | $76,492 | 7.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Genoa City, WI Solar Cost FAQs
How much does it cost to install solar panels in Genoa City?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Genoa City?
Solar panels aren't free in Genoa City, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Genoa City?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.