Solar Panel Cost Guide in Powell, WY (2023 Update)
- Powell Solar Installation Cost: $27,579
- 25-Year Savings: $53,875
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Powell
We break down average solar pricing in Powell.
The average cost of a solar panel system in Powell is 2.57 per watt. The average Powell homeowner needs a 15.3-kilowatt system, which would cost about $27,579 with the federal tax credit, or $39,438 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Powell 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. With average savings of about $20,000 on power bills over 20 years, many homeowners in Powell find installing solar panels can be quite rewarding.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Powell
| Year | Return on Investment |
|---|---|
| 1 years | $-24,321 |
| 3 years | $-17,804 |
| 5 years | $-11,288 |
| 7 years | $-4,772 |
| 9 years | $1,745 |
| 11 years | $8,261 |
| 13 years | $14,777 |
| 15 years | $21,293 |
| 17 years | $27,810 |
| 19 years | $34,326 |
| 21 years | $40,842 |
| 23 years | $47,359 |
| 25 years | $53,875 |
Top Solar Installers in Powell
When going solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a difficult project. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
If you're searching for a solar installer in Powell, the EcoWatch team has compiled a list of our top suggestions here:
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 Powell
Factors that Affect Solar Panel Costs in Powell
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Powell: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Powell, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,570 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than 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
Most solar companies in Powell have solar loans, which reduce the initial cost of installing a solar system. 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 original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within 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 | $20,662 | 8.8 years |
| 8 kW | $2.62 | $14,680 | $27,837 | 8.6 years |
| 10 kW | $2.57 | $17,990 | $35,156 | 8.5 years |
| 12 kW | $2.52 | $21,156 | $42,619 | 8.3 years |
| 14 kW | $2.47 | $24,179 | $50,226 | 8.1 years |
| 16 kW | $2.42 | $27,057 | $57,977 | 8.0 years |
| 18 kW | $2.36 | $29,791 | $65,871 | 7.8 years |
| 20 kW | $2.31 | $32,382 | $73,910 | 7.6 years |
How to Save on Solar Panels
There are many companies available in Powell, 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 crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
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 Powell, WY Solar Cost FAQs
What is the average cost of installing solar panels in Powell?
The average cost of solar panels in Powell is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Powell?
You can't get solar panels for free in Powell. However, you may still be able to install 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.
Is it worth going solar in Powell?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.