Solar Panel Cost Guide in Lander, WY (Mar 2023)
- Lander Solar Installation Cost: $26,283
- 25-Year Savings: $49,989
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lander
Find out how much it might cost to make the switch to solar in Lander.
The average cost of a solar system in Lander is 2.57 per watt. Using this figure, a typical 14.6-kW system would cost about $26,283 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on utility bills.
To receive a free quote from a vetted solar company in Lander, you can click the button below.
Solar savings over time in Lander
| Year | Return on Investment |
|---|---|
| 1 years | $-23,233 |
| 3 years | $-17,131 |
| 5 years | $-11,029 |
| 7 years | $-4,927 |
| 9 years | $1,175 |
| 11 years | $7,276 |
| 13 years | $13,378 |
| 15 years | $19,480 |
| 17 years | $25,582 |
| 19 years | $31,683 |
| 21 years | $37,785 |
| 23 years | $43,887 |
| 25 years | $49,989 |
Top Solar Installers in Lander
Although it's possible to install solar panels yourself, it involves extra labor and handiness. That's why almost all homeowners choose to go with a solar panel installer. The payback period of solar panels will vary based on factors like your location and energy needs, but going with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 install solar panels comes down to 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 greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,570. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lander, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Lander have solar loans, which reduce your upfront costs of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Lander, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 solar panel company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you need plays a part in which installer you should go with, since different companies have different panels.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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 buy 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.