How much do solar panels cost in Wyoming?
The size of your facility is an important factor in the total amount you pay. The average size of a solar power plant in Wyoming is 9 kilowatts (kilowatts).
Average Solar Panel Cost by System Size in Wyoming
| 6kW | 7kW | 8kW | 9kW | 10kW | 11kW | 12kW | |
|---|---|---|---|---|---|---|---|
| Before federal tax credits | $15,420 | $17,990 | $20,560 | $23,130 | $25,700 | $28,270 | $30,840 |
| After federal tax credit | $10,794 | $12,593 | $14,392 | $16191 | $17,990 | $19789 | $21,588 |
Source: Ecowatch
Should you use solar panels in Wyoming?
From a financial perspective, switching to solar energy is beneficial because of the long-term cost savings. Homeowners with solar panels in Wyoming see a net savings of $14,959 over 25 years. Another major benefit of solar energy is that it protects you from future energy price increases.
Even if solar power doesn't completely eliminate your utility bills, you'll likely pay less each month than you do now. Wyoming has many sunny days per year, which is ideal for solar energy production.
In Wyoming, solar panels pay for themselves in about 13 years.
Some Wyoming residents use solar energy solely for energy independence or environmental reasons. In general, a cool climate, especially in summer, helps panels work more efficiently. Many people don't realize that solar panels can be more efficient at lower temperatures.
However, there are a few things to consider. To ensure maximum sun exposure, proper placement and regular cleaning are required. Heavy snow, especially in the mountains, can cover the panels and reduce their effectiveness.
» WE ARE NOT HERE YET. Advantages and disadvantages of solar energy
Cost Factors for Tanning in Wyoming
Before diving into the world of solar energy, it's important to understand all the costs involved, not just the price of the panels. This includes costs such as roof repairs, permits and other related costs. This is all part of the decision-making process regarding sun exposure.
Costs for solar systems
The price of solar power systems can vary depending on the quality of the system and the company you buy it from. Solar panels are usually priced per watt. The average cost per watt in Wyoming is $2.57. To give you a clearer view of the overall costs, here is a summary of the average prices for panels and other related equipment:
» COMPARISON: The most efficient solar modules
Your system size
It's no surprise that the smaller your system, the less you pay. You can easily determine the sizing system you need. First, determine how much electricity you used in kilowatt hours (kWh) last year. You can find this information on your electricity provider's online account dashboard.
Then divide the annual kWh by 1,200 to determine the required system size. For example, a typical home in Wyoming uses 10,404 kWh per year. Using this formula, a typical home would require a 9kW system.
“WATT is different. kW vs kWh
The condition of your roof
Your roof must be able to withstand a solar system and be strong enough to last a long time. Solar panels typically last between 25 and 30 years, and ideally your roof should last too. There may be additional costs for panel removal if the roof needs to be replaced in the event of a failure.
" IMPORTANT. Replace your roof before sunset!
Other cost factors
When planning for solar energy, you also need to consider permits and maintenance. Many cities require a permit to install a solar power system, which can increase the overall cost of installing your solar power system. Additionally, solar panels require minimal maintenance, but potential repairs, regular cleaning, and system monitoring increase lifetime costs.
"TIP. Get the best deals on solar energy
Solar incentives, tax credits and rebates in Wyoming
The federal Solar Investment Tax Credit (ITC) is the largest factor in reducing the cost of solar energy in Wyoming. If you install a home solar system by the end of 2032, you will receive a federal income tax credit equal to 30% of the total cost of the system, including equipment, labor and permits. In 2033 the loan interest rate will fall to 26% and in 2034 to 22%.
Aside from federal tax credits, Wyoming doesn't have many financial incentives to make solar energy more affordable for its residents. Dominion Energy customers can receive discounts on solar water heaters.
“WATCH: Solar incentives in Wyoming
Compare solar companies in Wyoming
Compare the top solar companies in Wyoming below. Read our guide to finding the best solar energy companies.
common problem
Can I get free solar panels in Wyoming?
There is no free solar panel program in Wyoming. You can rent solar panels for a small upfront fee, but they aren't completely free. Renting solar panels usually requires a fixed monthly fee.
» FREE SOLAR SALES. Are they really free?
How much does solar energy cost in Wyoming?
According to the Solar Energy Industries Association, the cost of solar energy in Wyoming has fallen 42% over the past 10 years.
How do I pay for solar panels?
You can pay the full price upfront, but most people pay to purchase solar panels. Solar loans work like any other loan. There is an application and approval process, and you pay the amount back (with interest) over time.
When considering a solar loan or lease, always ask:
- Is there a payment?
- How much do I have to pay per month?
- Will the monthly payments increase and by how much?
- Are you confiscating my house?
“Solar modules. Rent or buy?
How does net metering work in Wyoming?
Net metering allows you to sell the additional solar energy your system produces to local energy providers. This is a smart way for homeowners to make money while ensuring no energy is wasted and no need to purchase solar panels.
In Wyoming, net reimbursement comes as a credit on your electric bill or as a direct deposit. To obtain net measurements, your system must be rated at 25 kW or less.
The main thing is
Tanning is cheaper in Wyoming than in other states, but residents don't get the same return on investment. There aren't many state or local incentives that can help homeowners invest in renewable energy.
The ConsumerAffairs research team conducted an in-depth analysis to find out how much solar energy costs in Wyoming and other states.
Solar power costs. Wyoming and surrounding states
| Original value* | ITC Fee (30%) | Typical system sizes | Average cost per watt | Due Date** | Estimated net savings | |
|---|---|---|---|---|---|---|
| Wyoming | $23,130 | $6939 | 9kW | $2.57 | 13 years old | $14,959 |
| Montana | $22,860 | $6858 | 9kW | $2.54 | 13 years old | $15,189 |
| Colorado | 20176 dollars | $6053 | 7.5kW | $2.69 | 12 years old | $14,479 |
| Utah | $21,440 | $6432 | 8kW | $2.68 | 14 years | $10202 |
| Idaho | $26,000 | $7800 | 10kW | $2.60 | 14 years | $11,478 |
| North Dakota | $25,094 | $7528 | 10.5kW | $2.39 | 12 years old | $22,923 |
| North Dakota | $26620 | $7986 | 11kW | $2.42 | 13 years old | $26,028 |
*Before the Federal Solar Investment Tax Credit (ITC); **With full payment in advance
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