Solar Panel Cost Guide in Wyoming, MN (2024 Update)
- Wyoming Solar Installation Cost: $20,377
- 25-Year Savings: $22,892
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Wyoming
Find out how much it might cost to switch to solar power in Wyoming.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wyoming, the average cost of a solar system is 4 per watt.Since a 7.2-kW system is needed to cover the energy consumption of a typical home in Wyoming, the average price of going solar will be about $20,377 after claiming the federal solar tax credit of 0.
The true cost of your system can go higher or lower than the average in Wyoming based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.With average savings of about $20,000 on power bills over 20 years, many homeowners in Wyoming find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar installer in Wyoming for a custom estimate.
Solar savings over time in Wyoming
| Year | Return on Investment |
|---|---|
| 1 years | $-19,098 |
| 3 years | $-16,539 |
| 5 years | $-13,980 |
| 7 years | $-11,421 |
| 9 years | $-8,862 |
| 11 years | $-6,304 |
| 13 years | $-3,745 |
| 15 years | $-1,186 |
| 17 years | $1,373 |
| 19 years | $3,932 |
| 21 years | $6,491 |
| 23 years | $9,050 |
| 25 years | $11,609 |
Top Solar Installers in Wyoming
Many homeowners opt for a solar installation company since installing solar panels on your own can be a labor-intensive endeavor. Plus, if you’d like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Wyoming
Factors that Affect Solar Panel Costs in Wyoming
Though the average cost of a solar system in Wyoming is $20,377, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar system in Wyoming, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $4,030 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Wyoming, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Wyoming is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.19 | $17,603 | $13,339 | 14.2 years |
| 8 kW | $4.11 | $23,019 | $18,237 | 13.9 years |
| 10 kW | $4.03 | $28,210 | $23,361 | 13.7 years |
| 12 kW | $3.95 | $33,175 | $28,710 | 13.4 years |
| 14 kW | $3.87 | $37,914 | $34,285 | 13.1 years |
| 16 kW | $3.79 | $42,428 | $40,085 | 12.9 years |
| 18 kW | $3.71 | $46,716 | $46,112 | 12.6 years |
| 20 kW | $3.63 | $50,778 | $52,364 | 12.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: If you care about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Wyoming, MN Solar Cost FAQs
How much does it cost to install solar panels in Wyoming?
The average cost of solar panels in Wyoming is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Wyoming?
Solar panels aren’t free in Wyoming, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Wyoming have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Wyoming?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.