Solar Panel Cost Guide in Genesee, WI (2024 Update)
- Genesee Solar Installation Cost: $19,621
- 25-Year Savings: $26,845
- Payback Period: 12.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Genesee
Find out what the average cost of solar panels are in Genesee.
The national average cost of solar panels is $2.66 per watt, but in Genesee it’s 4 per watt.To cover the typical energy needs of the average home in Genesee, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $19,621, or $28,058 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Genesee can save about $21,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Genesee
Year | Return on Investment |
---|---|
1 years | $-18,326 |
3 years | $-15,735 |
5 years | $-13,144 |
7 years | $-10,553 |
9 years | $-7,962 |
11 years | $-5,371 |
13 years | $-2,780 |
15 years | $-189 |
17 years | $2,402 |
19 years | $4,993 |
21 years | $7,584 |
23 years | $10,175 |
25 years | $12,766 |
Top Solar Installers in Genesee
Trying to install solar panels on your own can be a challenging undertaking, which is why getting a solar installation company is a good option for many homeowners. Another good thing about using a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar installer in Genesee, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
For many Genesee homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Genesee, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Genesee, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Genesee, and each can charge varying amounts for labor and equipment.Additionally, some companies in Genesee are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $4.04 | $16,948 | $16,267 | 12.8 years |
8 kW | $3.96 | $22,163 | $22,124 | 12.5 years |
10 kW | $3.88 | $27,160 | $28,199 | 12.3 years |
12 kW | $3.80 | $31,940 | $34,490 | 12.0 years |
14 kW | $3.72 | $36,503 | $40,999 | 11.8 years |
16 kW | $3.65 | $40,849 | $47,725 | 11.5 years |
18 kW | $3.57 | $44,977 | $54,668 | 11.3 years |
20 kW | $3.49 | $48,888 | $61,829 | 11.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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?
The average cost of solar panels in Genesee is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial 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 take into account are the quality and durability of your solar panels.
Is it worth going solar in Genesee?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Genesee?
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 their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.