Solar Panel Cost Guide in Wyoming, PA (2023 Update)
- Wyoming Solar Installation Cost: $12,406
- 25-Year Savings: $8,802
- Payback Period: 14.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wyoming
Let's take a look at the average cost of solar in Wyoming.
In Wyoming, solar panels cost about 2.55 per watt on average. Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Wyoming, the average price of going solar will be about $12,406 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Wyoming based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. With average savings of about $12,000 on energy bills over 20 years, many homeowners in Wyoming find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Wyoming for a quote for your home.
Solar savings over time in Wyoming
| Year | Return on Investment |
|---|---|
| 1 years | $-11,557 |
| 3 years | $-9,861 |
| 5 years | $-8,164 |
| 7 years | $-6,467 |
| 9 years | $-4,771 |
| 11 years | $-3,074 |
| 13 years | $-1,377 |
| 15 years | $319 |
| 17 years | $2,016 |
| 19 years | $3,713 |
| 21 years | $5,409 |
| 23 years | $7,106 |
| 25 years | $8,802 |
Top Solar Installers in Wyoming
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be time-consuming. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Wyoming
Factors that Affect Solar Panel Costs in Wyoming
The cost of installing a solar system in Wyoming can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,550 per kilowatt in Wyoming. The type of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Wyoming homeowners opt to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Wyoming are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $7,177 | 15.2 years |
| 8 kW | $2.60 | $14,566 | $9,855 | 14.9 years |
| 10 kW | $2.55 | $17,850 | $12,676 | 14.6 years |
| 12 kW | $2.50 | $20,992 | $15,640 | 14.3 years |
| 14 kW | $2.45 | $23,990 | $18,746 | 14.0 years |
| 16 kW | $2.40 | $26,846 | $21,995 | 13.7 years |
| 18 kW | $2.35 | $29,560 | $25,387 | 13.4 years |
| 20 kW | $2.29 | $32,130 | $28,922 | 13.2 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should go with, since different companies have access to different panels.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Wyoming, PA Solar Cost FAQs
How much does it cost to install solar panels in Wyoming?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Wyoming?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on power bills after switching to solar?
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 $610.52 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.