A capacitive power transfer (CPT) system wirelessly transfers energy between coupling plates and performance issues related to CPT systems are resonance conditions, matching impedance, voltage stress, and power loss. A generalized circuit model is proposed for shielded capacitive power transfer (S-CPT) using an algebraic method. The proposed generalized S-CPT model is analyzed based on the symmetric and asymmetric configurations, and the relationship between the parameters of S-CPT is obtained with respect to the resonance condition, matching impedance, voltage stress, and efficiency. The best configuration of a symmetric S-CPT is recommended, and an asymmetric S-CPT is proposed based on the analysis results. Asymmetric-S-CPT hardware was constructed and demonstrated an operating frequency of 13.56 MHz. The hardware experimental result shows the validity and effectiveness of the proposed generalized model for designing S-CPT.