14 Best Solar Companies in Laramie, WY (Mar 2023 Review)

The Cost and Benefits of Solar in Laramie

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to install your panels. There are several factors you should consider when trying to figure out costs and your potential savings, such as:

• How much electricity your home consumes: Households that consume a lot of energy each month may call for more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your rooftop gets: Due to Laramie's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can lead to an average of $22,000 of savings over 20 years.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and benefit from solar incentives, all while helping protect the Earth.

Solar Incentives in Laramie

There are lots of reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Laramie.

Environmental Impact of Switching to Solar in Laramie

Swapping traditional energy for solar is a compelling way to do your part for a greener future. A question many might be wondering about is how much can they really help preserve the environment by going solar anyway? The more power you use, the the more the environment will benefit if you switch to solar since you won't need to rely on traditional energy sources as much. Though making solar panels emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Laramie, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other perks besides saving money. One of the main ones is that you can help save the environment too.