Solar Panel Cost Guide in Genoa, OH (2025 Update)
- Genoa Solar Installation Cost: $18,184
- 25-Year Savings: $20,036
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Genoa
We go over average solar pricing in Genoa.
The national average cost of solar panels is $2.66 per watt, but in Genoa it’s 3 per watt.Since a 7.6-kW system is needed to cover the energy needs of a typical home in Genoa, the average price of going solar will be about $18,184 after claiming the federal solar tax credit of 0.
The true price you pay can be above or below the average in Genoa depending on several factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Genoa see about $17,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Genoa
| Year | Return on Investment |
|---|---|
| 1 years | $-16,825 |
| 3 years | $-14,106 |
| 5 years | $-11,388 |
| 7 years | $-8,669 |
| 9 years | $-5,951 |
| 11 years | $-3,232 |
| 13 years | $-514 |
| 15 years | $2,204 |
| 17 years | $4,923 |
| 19 years | $7,641 |
| 21 years | $10,360 |
| 23 years | $13,078 |
| 25 years | $15,796 |
Top Solar Installers in Genoa
Installing solar panels yourself can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Genoa
Factors that Affect Solar Panel Costs in Genoa
For many Genoa homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Genoa, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Genoa.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Genoa average.
Solar Financing Terms
Most solar installers in Genoa offer solar loans, which reduce the initial cost of installing solar.While solar loans make adopting solar energy more accessible for Genoa homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.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 promotions 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 | $3.55 | $14,895 | $11,638 | 14.0 years |
| 8 kW | $3.48 | $19,478 | $15,899 | 13.8 years |
| 10 kW | $3.41 | $23,870 | $20,351 | 13.5 years |
| 12 kW | $3.34 | $28,071 | $24,994 | 13.2 years |
| 14 kW | $3.27 | $32,081 | $29,828 | 13.0 years |
| 16 kW | $3.21 | $35,900 | $34,854 | 12.7 years |
| 18 kW | $3.14 | $39,529 | $40,070 | 12.4 years |
| 20 kW | $3.07 | $42,966 | $45,476 | 12.1 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 selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Genoa, OH Solar Cost FAQs
What is the average cost of installing solar panels in Genoa?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 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 above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Genoa?
You can’t get solar panels for free in Genoa. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.