Solar Panel Cost Guide in Lander, WY (2024 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 energy use of Lander homeowners. 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.With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Lander find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar company in Lander that can help you get a more accurate cost estimate for your home.
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
When making the switch to solar, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. The expertise that solar installers offer can be invaluable as well, especially if you don’t quite know what type of solar equipment would be right for your home.
If you're looking for a solar installer in Lander, we've compiled 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 Lander
Factors that Affect Solar Panel Costs in Lander
For many Lander homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Lander, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,580. 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. However, more efficient panels could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Lander 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 Lander homeowners choose to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Lander know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $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
There are a lot of companies to choose from in Lander, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a 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 opt for.
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 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 kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lander?
Solar panels aren’t free in Lander, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Lander, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Lander?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.