Solar Panel Cost Guide in Laramie, WY (Nov 2022)

  • Laramie Solar Installation Cost: $26,877
  • 25-Year Savings: $58,154
  • Payback Period: 7.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Laramie

Find out what the average cost of solar panel installation is in Laramie.

The national average cost of solar panels is $2.66 per watt, but in Laramie it's $3 per watt. Using this figure, a typical 14.9 would cost about $26,877 before the 30% federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $22,000 over 20 years on energy bills.

To get a free estimate from a pre-vetted solar company in Laramie, you can click the button below.

Solar savings over time in Laramie

Year Return on Investment
1 years $-23,476
3 years $-16,673
5 years $-9,871
7 years $-3,068
9 years $3,734
11 years $10,537
13 years $17,339
15 years $24,142
17 years $30,944
19 years $37,747
21 years $44,549
23 years $51,352
25 years $58,154

Top Solar Installers in Laramie

Many homeowners choose to use a solar panel company since trying to put up solar panels yourself can be challenging. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.

If you're on the hunt for a solar company in Laramie, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.5

  • 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 Laramie

Factors that Affect Solar Panel Costs in Laramie

The cost of installing a solar system in Laramie can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size. Solar power systems with greater efficiency or power generation require 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. There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Laramie homeowners choose to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for 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 booming popularity of green energy solutions in Laramie, you'll have many options to choose from, but each comes at different price points for labor and equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.

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 $22,917 8.2 years
8 kW $2.62 $14,680 $30,844 8.1 years
10 kW $2.57 $17,990 $38,915 7.9 years
12 kW $2.52 $21,156 $47,130 7.7 years
14 kW $2.47 $24,179 $55,488 7.6 years
16 kW $2.42 $27,057 $63,991 7.4 years
18 kW $2.36 $29,791 $72,637 7.3 years
20 kW $2.31 $32,382 $81,428 7.1 years

How to Save on Solar Panels

The solar panel company you opt for will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
  • Installation Process: Make sure you're on the same page with the installer in 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.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.5

  • Certified B Corp
  • Outstanding customer service
  • Many years of experience
  • Multitude of products and services
  • No leases or PPAs
  • Slightly expensive

EcoWatch's Laramie, WY Solar Cost FAQs

How much does it cost to install solar panels in Laramie?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Laramie?

Solar panels aren't free in Laramie, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

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 Laramie is currently $235,669, which means you could be looking at a value of about $9,662 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Laramie is a fruitful investment.

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 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 install 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.

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