Cost of solar in Cheyenne, WY

Electricity Consumption in Cheyenne

Electricity Consumption by Wyoming residents averages 526 kWh per month. It ranks #43 in the nation for savings from installing solar panels on the home.

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Solar power in Cheyenne, Wyoming

Cheyenne Light, Fuel, and Electric (CLF&E) offers a net metering program to Cheyenne customers who choose to go solar. CLF&E will pay its solar customers for any excess electricity their solar system generates at the full retail rate of electricity. At the end of the yearly billing cycle, CLF&E will pay its customers for credits that haven’t been used, but at the avoided cost rate. The avoided cost rate is less than the retail rate, however, it is still extra money in your pocket that can be used to reduce your amount spent on utility bill costs. 

Cheyenne residents can also take advantage of the federal tax credit. The tax credit is equal to 30% of the installed costs of a solar system and is applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for the year! The combination of the federal tax credit and CLF&E’s net metering program can provide you with an excellent return on investment on a solar system installation in Wyoming! 

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Wyoming

The average cost of installing residential solar panels in Cheyenne, Wyoming in 2019 is $3.44 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Cheyenne, WY is $17,200. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 4.06kW solar system in Cheyenne, WY

This system would offset 100% of your energy usage if your typical monthly bill is $82, however your situation may vary so try our solar calculator to get a result tailored to you.

$10,402

Net cost of system
Cash - after 30% solar tax credit

8 Years 10 Months

Average payback time

5,857
kWh

Annual power production


/kWh

levilized cost of solar energy

30¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 4.06kW system

Life-time savings on this system over the next 25 years

$28,736

(Prices shown after repayments of capital)

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Wyoming

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,938 $8,573
4kw $10,276 $11,098
5kw $12,460 $13,457
6kw $14,448 $15,604
7kw $16,317 $17,622
8kw $18,032 $19,475
9kw $19,593 $21,160
10kw $21,000 $22,680

 

Design your own solar panel system for your home

Going solar in Wyoming

Check out all of the ways energy providers of Wyoming can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.