Wyoming Solar Information

Wyoming isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Idaho offer net metering. As always in Idaho you are entitled to the 30% federal tax credit.
  • #10
    Wyoming ranks in America for savings from installing solar panels on
  • #6841.77 kWh
    AC Energy output every year in Wyoming in 4 kW system
  • #5.73 kWh
    Solar Radiation (kWh / m2 / day)
  • 11 ¢ /kWh
    The cost of electricity today in High Plains Power Inc
  • 24 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years

California Solar Facts

  • $1.58
    Average cost of a 4kw solar power system in 2019.
  • 4 years
    Average system payback period.
  • $50 534
    Average lifetime savings.
  • 4 ¢ /kWh
    Levelized cost of solar energy.
  • 4 kW
    Recommended system size.

Wyoming is one of the sunniest states in the USA, getting anywhere from five to seven peak sun-hours a day, depending on the location and on the time of the year. This much sunshine means that the solar power system will generate more electricity than it would in other states. Also, Wyoming’s generous Net Metering program, which is available to all its residents, allows you to get a full-priced credit for energy your solar system generates.

Wyoming Solar Facts

  • The average solar payback period in Wyoming is about 15 years.
  • The value of the house with the installed solar system is expected to increase by about $15,000.
  • The average net-profit over 25 years of using a PV system is $15,000.

The Cost of Solar Panels in Wyoming

As of today, the average cost of a Wyoming solar panel is $3.98 per watt. That makes the price of the 5kW solar panel system about $20,000. However, 30% of that cost will be returned on the next year's taxes, thus bringing the cost down to $14,000.

Wyoming Solar Rebates and Tax Credits

The Federal Investment Tax Credit – With this government program, you will receive a 30 percent tax credit, including on all solar accessories, installation, and labor, in the following year.

Net Energy Metering (NEM) program – this policy applies to all utility companies and electric cooperatives in Wyoming. It allows you to sell excess solar power to the utilities at a retail rate. The maximum solar power system size eligible for the program is 25 kW.

Solar Tax Credit - Wyoming does not have a state tax, therefore there are no solar tax credits that can be used.

  • How much do solar panels cost in Wyoming
  • $1.58
    per watt
  • $5 953
    total
  • 4
    years

Pros and Cons of Buying Solar Panels in Wyoming

Pros:

  • +

    Relatively short payback period

    The payback period is the amount of time it will take you to completely pay off your photovoltaic (PV) system. Nowadays, solar panels are more efficient than ever before, which means they produce more electricity thus reducing the energy payback period. The typical payback time across the nation is approximately 8 years.
  • +

    After the payback period, solar power is nearly free

    The solar power system will start producing free electricity once the capital cost of the system and its installation is paid off.
  • +

    Great savings on a monthly electric bill

    The moment you installed a solar power system, you start producing your own electricity. It not only means saving money on your monthly electric bill but also relying less on your local utility company and no more stressing about utility rate inflation. The savings will depend on the size of the solar system and electricity usage.
  • +

    Helping the environment since solar energy is clean, sustainable, and renewable

    Sun energy is inexhaustible and producing electricity from solar does not cause any contamination. Unlike traditional fossil fills, solar energy does not contribute to the pollution of air and water. On the opposite, it makes a positive difference in our carbon emissions and decreases our negative effect on the environment.
  • +

    Support from the government and the state

    The cost to install solar panels continues to drop and today it is much less than what it used to be a few years ago. With the help of tax credit from the federal government and excellent state Net Metering system, both the initial price of the solar system and the payback period can be significantly reduced.
  • +

    Very low maintenance

    The majority of the solar panels today require only minimal maintenance, which consists of cleaning panels from dirt and debris. Solar panels do not have any moving parts, so there is no wear and tear with usage, and they are essentially silent when in operation.
  • +

    Excellent warranty protection

    All solar panels come with a product warranty and the performance warranty. Today, more and more top solar manufacturers offer extended product warranties (up to 25 years) which will guarantee to repair any breakage or defects. Some solar panel companies' performance warranties guarantee up to 90% performance even after 25 years of usage.
  • +

    Increase in the property value

    According to recent studies by the Appraisal Institute and Zillow.com, homes with installed solar power systems sell much quicker and at higher prices compared to homes without solar panels. The study showed that the homebuyers view a solar power system installation as an upgrade and willing to pay on average $15,000 for a house that has a PV system.

Cons:

  • -

    The possible high initial cost

    The initial expenses associated with installing a PV system can seem quite high. The cost not only includes the solar panels but the battery, the inverter, all the required accessories, the mounting equipment, and the installation itself as well. Fortunately, with the solar technology moving forward and the availability of tax credits, the prices will certainly fall, making solar as affordable as ever. Furthermore, going solar will start to save you money from day one on your electric bill.
  • -

    Need to have a large, open area for installation

    Solar panels must be mounted on open, non-shaded surfaces to produce electricity effectively. To produce solar energy, they rely on sunlight, and the more energy you need, the more solar panels you will need to use. Luckily, as long as they still have access to sunlight, solar panels can be installed not only on the roofs but also in your yard.
  • -

    Must be a property owner to install

    As of today, solar power installations are only available to homeowners with excellent credit and/or earnings. For renters, low-income individuals, or individuals without a job, solar advantages are not yet accessible.

Is It Worth Going Solar In Wyoming?

Wyoming is a very sunny state and that is just another reason why solar advantages greatly outweigh the disadvantages. Wyoming’s favorable amounts of sunlight represent a great opportunity to save money on solar. With the solid Net Metering system in place that allows you to build up all your unused credits, you have the potential to receive all your energy from solar thus saving even more money.





According to High Plains Power Inc, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.
I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

Relevant product for your system

Entry-level solar panels
See all panels
Entry-level microinverter
See all microinverters
Entry-level inverter
See all inverters
  • Mini
  • Small
  • Medium
  • Large
We recommended
3.77 kW medium system size
Provides up to 80% of electricity consumption
$1.58 per watt
Average system cost
  • image rec 3
    12 x 325 watt
    solar panels
  • +
  • image rec 3
    12 x 300 watt
    microinverter
  • +
  • image rec 3
    1 x 5 000 watt
    inverter
$86.94
in month. Estimated savings
on your average quarterly bill
  • $5 952.91
    Estimated system cost
    Excludes 30% Federal Tax Credit.
    This price does not include the installation cost.
  • 4 years
    Average system
    payback period
  • $50 533.67
    Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

  • 11 ¢ /kWh
    The cost of electricity today in High Plains Power Inc
  • 24 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years
  • 4 ¢ /kWh
    levelized cost of solar energy

Get the results of the calculation in the mail

Top deals
Enphase, IQ Envoy, (ENV-IQ-AM1-240 M) Buy online - A1 Solar Store -31%
$495.60 $714.00 Save: 31%
In stock
Panasonic HIT 330W VBHN330SA17 Solar Panel is available online at a low price at A1 Solar Store -31%
$343.59 $495.00 Save: 31%
In stock
Price per Watt  —  $1.04
Rated Power Output  —  330 W
Voltage (VOC)  —  69.7V
Cell Type  —  95-cell ultra-thin amorphous silicon
Enphase Energy IQ7+ microinverter Buy online - A1 Solar Store -33%
$148.85 $222.00 Save: 33%
In stock
Enphase, Q Cable (Q-12-10-240) Buy online - A1 Solar Store -38%
$18.70 $30.29 Save: 38%
In stock