Solar Panel Cost Guide in Green River, WY (2024 Update)
- Green River Solar Installation Cost: $36,266
- 25-Year Savings: $42,385
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Green River
We break down average solar pricing in Green River.
The average cost of a solar system in Green River is 4 per watt.Since a 14.5-kW system is needed to cover the energy usage of a typical home in Green River, the average price of going solar will be about $36,266 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find installing a solar system is a sound investment. The average homeowner in Green River can save about $18,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Green River
Year | Return on Investment |
---|---|
1 years | $-35,143 |
3 years | $-32,898 |
5 years | $-30,653 |
7 years | $-28,408 |
9 years | $-26,163 |
11 years | $-23,918 |
13 years | $-21,673 |
15 years | $-19,428 |
17 years | $-17,183 |
19 years | $-14,938 |
21 years | $-12,693 |
23 years | $-10,448 |
25 years | $-8,203 |
Top Solar Installers in Green River
Installing solar panels on your own can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money over time.
If you're looking for a solar company in Green River, we've put together a list of our top suggestions here:
See all of the solar companies in Green River
Factors that Affect Solar Panel Costs in Green River
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Green River: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Green River average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Green River homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make adopting solar energy more accessible for Green River homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Green River, and each can charge varying amounts for labor and equipment.Additionally, some companies in Green River 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 | $3.72 | $15,637 | $12,730 | 13.8 years |
8 kW | $3.65 | $20,449 | $17,374 | 13.5 years |
10 kW | $3.58 | $25,060 | $22,218 | 13.3 years |
12 kW | $3.51 | $29,471 | $27,263 | 13.0 years |
14 kW | $3.44 | $33,681 | $32,509 | 12.7 years |
16 kW | $3.37 | $37,690 | $37,955 | 12.5 years |
18 kW | $3.29 | $41,499 | $43,602 | 12.2 years |
20 kW | $3.22 | $45,108 | $49,449 | 11.9 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:
- Warranty: If you care about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
EcoWatch's Green River, WY Solar Cost FAQs
What is the average cost of installing solar panels in Green River?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Green River is currently $275,770, which means you can expect a value of about $11,307 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Green River is a worthwhile investment.
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 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 house 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.