Solar Panel Cost Guide in Wheatland, WY (2023 Update)
- Wheatland Solar Installation Cost: $27,127
- 25-Year Savings: $55,107
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wheatland
See how much it might cost to go solar in Wheatland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wheatland, the typical cost of solar panels is 2.57 per watt. The average solar panel system size in Wheatland is around 15.1 kilowatts, meaning a cost of about $27,129 for a solar installation, or $38,794 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you want to go with. For many homeowners, the upfront cost of solar panels is worth paying. On average Wheatland homeowners see about $21,000 in savings on electricity bills over 20 years.
To receive a free quote from a top solar company in Wheatland, you can click the button below.
Solar savings over time in Wheatland
| Year | Return on Investment |
|---|---|
| 1 years | $-26,005 |
| 3 years | $-23,760 |
| 5 years | $-21,515 |
| 7 years | $-19,270 |
| 9 years | $-17,025 |
| 11 years | $-14,780 |
| 13 years | $-12,535 |
| 15 years | $-10,290 |
| 17 years | $-8,045 |
| 19 years | $-5,800 |
| 21 years | $-3,555 |
| 23 years | $-1,310 |
| 25 years | $935 |
Top Solar Installers in Wheatland
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your swap to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Wheatland
Factors that Affect Solar Panel Costs in Wheatland
Although the average cost of a solar system in Wheatland is $27,129, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Wheatland, one of the most important 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 energy bills. Your overall cost can increase by about $2,570 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Wheatland have solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wheatland is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points. Additionally, some companies in Wheatland know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $2.67 | $11,226 | $21,495 | 8.6 years |
| 8 kW | $2.62 | $14,680 | $28,948 | 8.4 years |
| 10 kW | $2.57 | $17,990 | $36,545 | 8.2 years |
| 12 kW | $2.52 | $21,156 | $44,286 | 8.1 years |
| 14 kW | $2.47 | $24,179 | $52,170 | 7.9 years |
| 16 kW | $2.42 | $27,057 | $60,199 | 7.8 years |
| 18 kW | $2.36 | $29,791 | $68,371 | 7.6 years |
| 20 kW | $2.31 | $32,382 | $76,688 | 7.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Before you sign a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Wheatland, WY Solar Cost FAQs
What is the average cost of installing solar panels in Wheatland?
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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Wheatland?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates 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 needs and the amount of 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 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.