Wyoming Solar Panels: Pricing and Incentives

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Solar power in Wyoming

Wyoming is making strides toward a more solar-friendly future with month-over-month increases in solar generation.

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. Below, we’ll explain the most important things to know before purchasing solar panels in Wyoming, including the average costs and benefits of solar energy.

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 in it (such as high-efficiency solar panels and solar batteries), and local permitting and installation costs. 

But the median price of residential solar systems is $3.82 per watt, for a total system cost of $24,742 (before federal or Wyoming solar incentives are applied). Most homeowners can expect to break even on a solar investment six to nine years after installation.

Get an exact quote from our solar advisors

The SaveOnEnergy marketplace helps you search, compare, sign up and save on the right energy fit for your home — all for free. If you’re interested in solar, answer a few questions to get an exact price quote from our solar advisors.

1. Complete the form below
2. Schedule an appointment with a solar advisor
3. Get an exact price quote for solar panels for your home

Wyoming solar panel incentives or rebates

It’s clear that solar panels are a significant investment. Fortunately, there are options to reduce the installation and operational costs of home solar.

First, the U.S. government provides a federal tax credit for people who purchase a solar system for their primary or secondary residence (including campers and RVs, if you live there at least part-time). For solar installations in 2022, the credit is 30%. 

Wyoming doesn’t offer any statewide rebates or incentives for going solar, but those who decide to invest in panels can take advantage of the following: 

Why choose Wyoming solar power?

There are many compelling reasons to choose solar power in Wyoming, including decreased energy costs 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 increase your home’s resale value if you decide to sell. 

Establish 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 keep the energy your panels generate and avoid electricity rate hikes when demand on the grid is high.

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. But to put it simply, purchasing your panels outright will provide more tax benefits and help you save money in the long run.

By buying your solar system, you’ll be able to take advantage of the 30% federal tax credit. Not only that, but you’ll also raise your home’s resale value by $15,000 — helping you bring in more money if you decide to move in the future.

On the other hand, leasing solar panels doesn’t come with the same financial commitment as buying them. It allows more families to reap the fantastic benefits of green energy through various flexible arrangements, including solar leases, solar power purchase agreements (PPAs), and community solar programs. Curious to learn more about these non-ownership options? Check out our resources on solar leases vs. PPAs.

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. But first, you should get familiar with the solar industry as a whole, including its history and current challenges. You can use the resources on SaveOnEnergy.com to learn more about solar and help you determine which installer is best for you. If you’re interested in getting started now, you can fill out this form or discuss it with an energy expert at 866-420-6556.

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 to understand before you decide to go solar.

• 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 45-degree slope.
• 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.
• If you’re governed by a homeowner’s association, you may need to request approval before installing solar panels on your property. A solar installation company can help you work through these approvals.