Solar Panel Cost Guide in Cheyenne, WY (2024 Update)
- Cheyenne Solar Installation Cost: $37,444
- 25-Year Savings: $63,644
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Cheyenne
See how much it might cost to go solar in Cheyenne.
The average cost of a solar panel system in Cheyenne is 4 per watt.Since a 14.9-kW system is needed to cover the energy needs of a typical home in Cheyenne, the average price of going solar will be about $37,444 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Cheyenne based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Cheyenne can save about $24,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Cheyenne
| Year | Return on Investment |
|---|---|
| 1 years | $-35,879 |
| 3 years | $-32,748 |
| 5 years | $-29,617 |
| 7 years | $-26,485 |
| 9 years | $-23,354 |
| 11 years | $-20,223 |
| 13 years | $-17,092 |
| 15 years | $-13,961 |
| 17 years | $-10,830 |
| 19 years | $-7,699 |
| 21 years | $-4,568 |
| 23 years | $-1,437 |
| 25 years | $1,694 |
Top Solar Installers in Cheyenne
Trying to put up solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a vetted solar company can make going solar easier. 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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Cheyenne
Factors that Affect Solar Panel Costs in Cheyenne
For many Cheyenne homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Cheyenne, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,580 per kilowatt in Cheyenne.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Cheyenne have solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Cheyenne have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.72 | $15,637 | $20,713 | 10.8 years |
| 8 kW | $3.65 | $20,449 | $28,018 | 10.5 years |
| 10 kW | $3.58 | $25,060 | $35,524 | 10.3 years |
| 12 kW | $3.51 | $29,471 | $43,230 | 10.1 years |
| 14 kW | $3.44 | $33,681 | $51,137 | 9.9 years |
| 16 kW | $3.37 | $37,690 | $59,244 | 9.7 years |
| 18 kW | $3.29 | $41,499 | $67,552 | 9.5 years |
| 20 kW | $3.22 | $45,108 | $76,060 | 9.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Cheyenne, WY Solar Cost FAQs
How much does it cost to install solar panels in Cheyenne?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.