Solar Panel Cost Guide in South Greeley, WY (2025 Update)
- South Greeley Solar Installation Cost: $37,444
- 25-Year Savings: $63,002
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in South Greeley
Find out what the average cost of solar panel installation is in South Greeley.
In South Greeley, solar panels cost about 4 per watt on average.The average South Greeley homeowner needs a 14.9-kilowatt system, which would cost about $37,444 with the federal tax credit, or $53,545 before the 0 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 making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $24,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in South Greeley
| Year | Return on Investment |
|---|---|
| 1 years | $-35,879 |
| 3 years | $-32,748 |
| 5 years | $-29,617 |
| 7 years | $-26,485 |
| 9 years | $-23,354 |
| 11 years | $-20,223 |
| 13 years | $-17,092 |
| 15 years | $-13,961 |
| 17 years | $-10,830 |
| 19 years | $-7,699 |
| 21 years | $-4,568 |
| 23 years | $-1,437 |
| 25 years | $1,694 |
Top Solar Installers in South Greeley
Trying to install solar panels yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you better understand incentives in South Greeley, thereby optimizing your ROI.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in South Greeley:
See all of the solar companies in South Greeley
Factors that Affect Solar Panel Costs in South Greeley
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like South Greeley, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in South Greeley, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in South Greeley, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $20,455 | 10.8 years |
| 8 kW | $3.65 | $20,449 | $27,675 | 10.6 years |
| 10 kW | $3.58 | $25,060 | $35,094 | 10.4 years |
| 12 kW | $3.51 | $29,471 | $42,715 | 10.2 years |
| 14 kW | $3.44 | $33,681 | $50,535 | 10.0 years |
| 16 kW | $3.37 | $37,690 | $58,557 | 9.8 years |
| 18 kW | $3.29 | $41,499 | $66,778 | 9.6 years |
| 20 kW | $3.22 | $45,108 | $75,201 | 9.4 years |
How to Save on Solar Panels
There are a large number of companies available in South Greeley, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
EcoWatch's South Greeley, WY Solar Cost FAQs
How much does it cost to install solar panels in South Greeley?
The average cost of solar panels in South Greeley is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in South Greeley?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is going solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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 household 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.