Wyoming Solar Information

Pros and Cons of Buying Solar Panels in Wyoming

Pros:

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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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.
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  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:

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  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.
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  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.
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  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.