Solar Panel Cost Guide in Lander, WY (2025 Update)
- Lander Solar Installation Cost: $36,610
- 25-Year Savings: $49,990
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Lander
We break down average solar pricing in Lander.
In Lander, solar panels cost about 4 per watt on average.The average Lander homeowner needs a 14.6-kilowatt system, which would cost about $36,610 with the federal tax credit, or $52,352 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Lander homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Lander see about $20,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lander
| Year | Return on Investment |
|---|---|
| 1 years | $-35,488 |
| 3 years | $-33,243 |
| 5 years | $-30,998 |
| 7 years | $-28,753 |
| 9 years | $-26,508 |
| 11 years | $-24,263 |
| 13 years | $-22,018 |
| 15 years | $-19,773 |
| 17 years | $-17,528 |
| 19 years | $-15,283 |
| 21 years | $-13,038 |
| 23 years | $-10,793 |
| 25 years | $-8,548 |
Top Solar Installers in Lander
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be challenging. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your family.
If you're searching for a solar installer in Lander, we've compiled a list of our top suggestions here:
See all of the solar companies in Lander
Factors that Affect Solar Panel Costs in Lander
Though the average cost of a solar system in Lander is $36,610, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Plus, 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Lander have solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can play a role in determining the cost. Lander’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lander are more knowledgeable 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 help you save 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 | $15,687 | 12.5 years |
| 8 kW | $3.65 | $20,449 | $21,318 | 12.2 years |
| 10 kW | $3.58 | $25,060 | $27,148 | 12.0 years |
| 12 kW | $3.51 | $29,471 | $33,179 | 11.8 years |
| 14 kW | $3.44 | $33,681 | $39,411 | 11.5 years |
| 16 kW | $3.37 | $37,690 | $45,843 | 11.3 years |
| 18 kW | $3.29 | $41,499 | $52,475 | 11.0 years |
| 20 kW | $3.22 | $45,108 | $59,308 | 10.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
EcoWatch's Lander, WY Solar Cost FAQs
How much does it cost to install solar panels in Lander?
The average cost of solar panels in Lander is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lander?
You can’t get solar panels for free in Lander. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
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 $1,044.16 per year.
How often do you have to replace solar panels?
Even though 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 choose 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.