Solar Panel Cost Guide in Geneva, WI (2024 Update)

  • Geneva Solar Installation Cost: $19,570
  • 25-Year Savings: $23,441
  • Payback Period: 13.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Geneva

Find out what the average cost of solar panels are in Geneva.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Geneva, the average cost of a solar system is 4 per watt.Using this figure, a typical 7.2-kW system would cost about $19,570 before the 0 federal solar tax credit is applied.

How much you pay can go above or below the average in Geneva depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.

Click the button below to get connected to a highly rated solar panel company in Geneva for a custom quote.

Solar savings over time in Geneva

Year Return on Investment
1 years $-18,338
3 years $-15,872
5 years $-13,407
7 years $-10,941
9 years $-8,476
11 years $-6,010
13 years $-3,545
15 years $-1,079
17 years $1,387
19 years $3,852
21 years $6,318
23 years $8,783
25 years $11,249

Top Solar Installers in Geneva

Although it's possible to install solar panels by yourself, it requires extra time and expertise. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Geneva, optimizing your ROI.

If you're searching for a solar company in Geneva, the EcoWatch team has put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • 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

★★★★★
4.0

  • 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 Geneva

Factors that Affect Solar Panel Costs in Geneva

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total 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

The size of the solar system you need for your household, 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 nearly $3,880. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Geneva average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Geneva, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Geneva, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment 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 $4.04 $16,948 $13,491 13.9 years
8 kW $3.96 $22,163 $18,422 13.7 years
10 kW $3.88 $27,160 $23,571 13.4 years
12 kW $3.80 $31,940 $28,937 13.1 years
14 kW $3.72 $36,503 $34,520 12.8 years
16 kW $3.65 $40,849 $40,321 12.6 years
18 kW $3.57 $44,977 $46,339 12.3 years
20 kW $3.49 $48,888 $52,574 12.0 years

How to Save on Solar Panels

Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Warranty: If you’re worried about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

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 $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 things like the kind of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to think about when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels eliminate my power bills?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,014.62 per year.

How long do solar panels last in Geneva?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.

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