Solar Panel Cost Guide in Rock Springs, WY (2024 Update)
- Rock Springs Solar Installation Cost: $36,266
- 25-Year Savings: $43,477
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Rock Springs
We go over average solar pricing in Rock Springs.
The national average cost of solar panels is $2.66 per watt, but in Rock Springs it’s 4 per watt.The average solar panel system size in Rock Springs is around 14.5 kilowatts, meaning a cost of about $36,266 for a solar installation, or $51,860 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar installer in Rock Springs for a customized quote.
Solar savings over time in Rock Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-35,143 |
| 3 years | $-32,898 |
| 5 years | $-30,653 |
| 7 years | $-28,408 |
| 9 years | $-26,163 |
| 11 years | $-23,918 |
| 13 years | $-21,673 |
| 15 years | $-19,428 |
| 17 years | $-17,183 |
| 19 years | $-14,938 |
| 21 years | $-12,693 |
| 23 years | $-10,448 |
| 25 years | $-8,203 |
Top Solar Installers in Rock Springs
Installing solar panels on your own can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Rock Springs
Factors that Affect Solar Panel Costs in Rock Springs
For many Rock Springs homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Rock Springs, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar equipment you choose can bring your price up or down 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. On the other hand, more efficient panels could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Rock Springs average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Rock Springs homeowners decide 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 go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Rock Springs is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Rock Springs are more knowledgeable about local solar incentives and can help you take advantage of 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 | $13,182 | 13.6 years |
| 8 kW | $3.65 | $20,449 | $17,977 | 13.3 years |
| 10 kW | $3.58 | $25,060 | $22,973 | 13.0 years |
| 12 kW | $3.51 | $29,471 | $28,169 | 12.8 years |
| 14 kW | $3.44 | $33,681 | $33,566 | 12.5 years |
| 16 kW | $3.37 | $37,690 | $39,163 | 12.3 years |
| 18 kW | $3.29 | $41,499 | $44,960 | 12.0 years |
| 20 kW | $3.22 | $45,108 | $50,958 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
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 Rock Springs, WY Solar Cost FAQs
How much does it cost to install solar panels in Rock Springs?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 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 usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Rock Springs?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.