Solar Panel Cost Guide in Lander, WY (2023 Update)
- Lander Solar Installation Cost: $26,282
- 25-Year Savings: $49,990
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lander
Find out what the average cost of solar panels are in Lander.
The national average cost of solar panels is $2.66 per watt, but in Lander it's 2.57 per watt. To account for the typical energy needs of the average home in Lander, most homeowners require a 14.6-kilowatt system. Using the figure above, a solar installation costs around $26,283, or $37,585 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and your own solar costs may look different based on factors unique to your home and what company you choose to go with. Many homeowners find going solar is a sound investment. The average homeowner in Lander can save about $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Lander for a quote for your home.
Solar savings over time in Lander
| Year | Return on Investment |
|---|---|
| 1 years | $-25,159 |
| 3 years | $-22,914 |
| 5 years | $-20,669 |
| 7 years | $-18,424 |
| 9 years | $-16,179 |
| 11 years | $-13,934 |
| 13 years | $-11,689 |
| 15 years | $-9,444 |
| 17 years | $-7,199 |
| 19 years | $-4,954 |
| 21 years | $-2,709 |
| 23 years | $-464 |
| 25 years | $1,781 |
Top Solar Installers in Lander
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be time-consuming. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by offering warranties and repairs.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Lander: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,570. The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Lander homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your all-in costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating in Lander, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.67 | $11,226 | $20,099 | 9.0 years |
| 8 kW | $2.62 | $14,680 | $27,087 | 8.8 years |
| 10 kW | $2.57 | $17,990 | $34,218 | 8.6 years |
| 12 kW | $2.52 | $21,156 | $41,493 | 8.4 years |
| 14 kW | $2.47 | $24,179 | $48,913 | 8.3 years |
| 16 kW | $2.42 | $27,057 | $56,476 | 8.1 years |
| 18 kW | $2.36 | $29,791 | $64,183 | 7.9 years |
| 20 kW | $2.31 | $32,382 | $72,034 | 7.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: Your solar installer should have a solid 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 good reviews from past customers.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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
What is the average cost of installing solar panels in Lander?
The average cost of solar panels in Lander is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Lander?
A solar panel system isn'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 can help lower the cost.
Does Lander have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 cover 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.