Solar Panel Cost in Laramie, WY
Updated 2026 guide to solar panel prices, savings, and payback period in Laramie.
Estimated Solar Savings
Solar Panel System Costs in Laramie, WY
Below are estimated costs for different solar panel system sizes in Laramie, including the 30% federal solar tax credit.
| System Size | Cost Before Incentives | Federal Tax Credit (30%) | Net Cost | Est. Annual Production |
|---|---|---|---|---|
| 4 kW | $11,800 | -$3,540 | $8,260 | 7,300 kWh |
| 6 kWMost Popular | $17,700 | -$5,310 | $12,390 | 10,950 kWh |
| 8 kW | $23,600 | -$7,080 | $16,520 | 14,600 kWh |
| 10 kW | $29,500 | -$8,850 | $20,650 | 18,250 kWh |
| 12 kW | $35,400 | -$10,620 | $24,780 | 21,900 kWh |
What Affects Solar Panel Cost in Laramie?
The average cost of solar panels in Laramie, WY is approximately $295/watt before incentives. For a typical 6kW residential system, that means a total cost of about $17,700 before the federal tax credit.
After applying the 30% federal Investment Tax Credit (ITC), your net cost drops to approximately $12,390.Laramie homeowners typically see a payback period of 10 years and save an estimated $24,000 over 25 years.
Factors that affect your cost in Laramie:
- System size: Larger systems cost more but have a lower cost per watt
- Equipment quality: Premium panels and inverters cost more but offer better efficiency
- Roof complexity: Steep roofs, multiple levels, or shading can increase installation costs
- Local labor rates: Installation costs vary within the Laramie metro area
- Local permits: Permitting costs and requirements vary by municipality in Laramie
- Incentives: State and local programs can significantly reduce your out-of-pocket cost
Solar Incentives Available in Laramie
Federal Solar Investment Tax Credit
30% Federal Tax Credit (ITC)
Wyoming homeowners can claim the 30% federal ITC. With no state income tax, the federal credit is the primary tax incentive for solar.
State & Local Incentives
Net Metering
Net MeteringWyoming requires utilities to offer net metering for residential solar systems.
Property Tax Exemption
Property TaxWyoming offers a property tax exemption for residential renewable energy systems.
Net Metering
Wyoming requires utilities to offer net metering for residential solar systems up to 25 kW. Excess generation is credited at the retail rate.
AvailableSRECs
Wyoming does not have an SREC market or renewable portfolio standard. The state relies on federal incentives as the primary driver for solar adoption.
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Solar Panel Cost FAQ - Laramie, WY
The average cost of solar panels in Laramie is approximately $2.95 per watt before incentives. A typical 6kW residential system costs about $17,700 before the 30% federal tax credit, bringing the net cost to around $12,390.
The typical payback period for solar panels in Laramie is approximately 10 years. After that, you'll enjoy free electricity for the remaining 15-20+ years of your system's life, saving an estimated $24,000 over 25 years.
Laramie homeowners can take advantage of the 30% federal solar tax credit, which reduces your system cost by 30%. Wyoming also offers net metering, and various state-level incentive programs. Check our incentives page for the complete list.
Laramie homeowners can save an estimated $24,000 over 25 years by going solar. Actual savings depend on your electricity usage, system size, roof orientation, and available incentives. With electricity rates averaging $0.10/kWh in Wyoming, solar provides significant long-term savings.
Solar Costs in Other Wyoming Cities
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