Solar Panel Cost Guide in Fox Farm-College, WY (2024 Update)
- Fox Farm-College Solar Installation Cost: $37,444
- 25-Year Savings: $63,002
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Fox Farm-College
Let’s have a look at the average cost of solar panels in Fox Farm-College.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fox Farm-College, the typical cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in Fox Farm-College, most homeowners require a 14.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $37,444, or $53,545 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with.With typical savings of about $24,000 on energy bills over 20 years, many homeowners in Fox Farm-College find investing in solar has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Fox Farm-College
| 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 Fox Farm-College
Installing solar panels yourself can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you're on the hunt for a solar company in Fox Farm-College, we've put together a list of our top suggestions here:
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 Fox Farm-College
Factors that Affect Solar Panel Costs in Fox Farm-College
Even though the average cost of a solar system in Fox Farm-College is $37,444, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Fox Farm-College, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,580 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Fox Farm-College, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Fox Farm-College homeowners choose to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you select will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $20,455 | 10.8 years |
| 8 kW | $3.65 | $20,449 | $27,675 | 10.6 years |
| 10 kW | $3.58 | $25,060 | $35,094 | 10.4 years |
| 12 kW | $3.51 | $29,471 | $42,715 | 10.2 years |
| 14 kW | $3.44 | $33,681 | $50,535 | 10.0 years |
| 16 kW | $3.37 | $37,690 | $58,557 | 9.8 years |
| 18 kW | $3.29 | $41,499 | $66,778 | 9.6 years |
| 20 kW | $3.22 | $45,108 | $75,201 | 9.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Fox Farm-College, WY Solar Cost FAQs
How much does it cost to install solar panels in Fox Farm-College?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Fox Farm-College?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.