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Key Points
Wyoming residents can use federal and state solar incentives to reduce the cost of solar panels.
Wyoming has some of the lowest solar installation rates in the country, but its solar industry is poised for significant growth in the next five years.
There are 11 solar companies operating in Wyoming for customers to choose from.
Ready to go solar? Call 866-420-6556.to be connected with a solar expert today!
Solar power in Wyoming
Wyoming is making strides toward a more solar-friendly future with month-over-month increases in solar generation. Wyoming ranks 44th in the country for solar installation, with just 22,581 homes powered by solar.
Wyoming has 11 solar companies, and the state’s total investment in solar is $179 million. The Solar Energy Industries Association (SEIA) predicts Wyoming will install 1,126 more megawatts of solar over the next five years.
If you live in Wyoming, investing in solar may be a smart choice. The state offers great potential for solar power generation and has incentives available to help cover the costs of solar panel installation. We’ll explain the key information to know before purchasing solar panels in Wyoming, including average costs and benefits of solar energy.
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Wyoming solar panel cost
When estimating the cost of solar panels in Wyoming, there are several factors to consider, including the size of the system, the components included, such as high-efficiency solar panels and solar batteries, and local permittingand installation costs.
Solar panel cost is measured in dollars per watt. According to the Lawrence Berkeley National Laboratory, the average cost for a residential solar system in the U.S. is $3.67 per watt. The average home requires an 8.6 kilowatt (kW) system for a total cost of $31,558 before federal or Wyoming solar incentives.
How does Wyoming solar save you money?
Switching to solar can lead to long-term savings for Wyoming homeowners. Even though Wyoming has some of the cheapest electricity prices in the nation, with an average monthly electricity bill of $109.42, Wyoming residents can still benefit from a solar investment.
For an average 8.6 kW solar system with savings from the 30% Residential Clean Energy Credit, the payback period in Wyoming would be about 16 years. Given the long lifespan of solar panels and the trend of increasing energy rates, you can make significant long-term savings by going solar.
Every household requires a customized solar system design and size. The following table displays a range of potential solar system sizes and costs at the U.S. average price per watt of $3.67.
System size
Total cost
4 kW
$14,680
6 kW
$22,020
8 kW
$29,360
10 kW
$36,700
12 kW
$44,040
The best Wyoming solar panel incentives or rebates
Solar panels are a significant investment. Fortunately, solar incentives and rebates can help you offset the installation costs of home solar panels.
Wyoming offers net metering, which means you may be able to sell excess electricity generated by your solar system back to your utility company in exchange for renewable energy credits.
Homeowners can get a 30% federal tax credit on the purchase of new solar systems from the beginning of 2022 until 2032.
Why choose Wyoming solar power?
There are many compelling reasons to choose solar power in Wyoming, including decreased energy costs, better energy independence, and a smaller carbon footprint. Here are three of the top advantages of solar.
Lower energy costs
Having solar panels on your home allows you to save money on electricity. Rather than buying power from your local utility, you’ll be able to generate your own energy and, therefore, lower your monthly power bill. Solar panels are also a great long-term investment because they can increase your home’s resale value if you decide to sell.
Increase energy independence
As a solar user, you can power your home without fully depending on the electricity grid — helping you become energy independent. You can use the energy your panels generate and avoid electricity rate hikes when demand on the grid is high. Likewise, if your system includes solar batteries, you may be able to power your home during power outages due to storms.
Go green
Solar power is better for the planet than traditional electricity sources. Although switching to solar doesn’t conserve energy, it’s a renewable resource. It doesn’t emit carbon dioxide when produced, meaning that your energy usage puts less stress on the environment.
Should I buy or lease my solar panels?
There are a few factors to consider when deciding whether to buy or lease your solar panels. If you can manage it, purchasing your panels outright will provide more tax benefits and help save money in the long run. Whether you purchase solar panels with a loan or in cash, over the useful lifetime, investing in solar can save thousands of dollars in energy costs.
The following table highlights some of the pros and cons of different solar options, including cash purchases, loans, leases, power purchase agreements, and community solar programs.
Payment Method
Benefits
Drawbacks
Cash purchase
Full ownership of panels, eligible for incentives, can boost a home’s resale value, long-term electricity savings
High upfront costs, expensive to relocate panels to a new home if you move
Easy to sign up, no extra upfront costs, power home with green energy, lower energy bills
No ownership of panels, ineligible for incentives
Wyoming solar panel companies
If you decide to go solar in Wyoming, you’ll need to choose a solar panel installer that meets your needs. There are several solar panel companies offering services in Wyoming with strong expertise and positive ratings.
You can use the resources on the SaveOnEnergy marketplace to learn more about solar and help you determine which installer is best for you. SaveOnEnergy is an energy marketplace that partners with vetted, top-tier solar companies to bring curated solar options to customers. If you’re interested in getting started, you can fill out our solar estimator or discuss it with an energy expert at the number on your screen.
When researching solar contractors in Wyoming, consider factors like product quality, manufacturers, warranties, licenses and certifications, and financing options. Look for professionals certified by one or more professional organizations, such as the North American Board of Certified Energy Practitioners (NABCEP).
Be sure to check each solar contractor’s customer reviews, work history, guarantees, and prices. If you have friends or family members who installed solar, you can also ask for recommendations.
Beware of free solar panels in Wyoming scam
Unfortunately, scammers are now targeting homeowners with offers for free solar panels or no down payment, ultra-low-cost solar panels. There is no such thing as free solar panels in Wyoming. Scammers may use this tactic to lure you into a misleading contract or solar loan, which is not free. If in doubt, check reviews of the company making the offer.
Important solar installation factors to consider
Solar panels are a fantastic way to harness the sun’s natural and renewable energy, save on electricity expenses, and protect the planet. However, there are a few factors that can impact the effectiveness of solar in Wyoming. Here’s what you need to know.
Roof condition: To get the most value from your solar investment, you’ll need a roof in good condition (that does not require any imminent repairs). Ideally, it would also be south-facing and on a 15- to 40-degree slope.
Efficiency: Solar panels perform best when they receive large amounts of sunshine. If your property is covered in trees or blocked by another building, your panel performance may be compromised.
HOA criteria: If you’re governed by a homeowner’s association (HOA), you may need to request approval before installing solar panels on your property. However, Wyoming has a solar rights law protecting homeowners’ access to solar.
The average cost of a home solar system in the U.S. is $31,558, but specific costs will vary based on where you live and how you configure your system. You can lower these costs with federal tax credits and net metering programs in Wyoming.
Solar power can be a worthwhile investment in Wyoming, depending on your circumstances, including your location, access to sunlight, roof condition, and energy usage habits. Your solar investment will be more beneficial to you if your roof receives a great deal of sunlight and you have high monthly energy usage.
Considering that the average electricity bill in Wyoming is currently $109.42 per month, using solar for your home energy needs could save you more than $1,300 per year.
Wyoming has several reliable solar installers. Before you begin looking for a solar company, ensure you’re well-versed in current solar options and regulations in your area. There are several great solar installers in Wyoming, but it’s important to thoroughly research options before signing a solar contract. SaveOnEnergy has a vast library of solar resources to help you learn about the industry and may be able to connect you with vetted, reliable installers near you.
Solar power is renewable and, therefore, better for the environment. Unlike other energy sources, solar power doesn’t emit carbon dioxide into the atmosphere. As a result, solar-powered homes have a smaller carbon footprint than houses powered by fossil fuels.