Solar Panel Savings in Laramie, WY
Calculate how much you can save with solar panels in Laramie, Wyoming. Based on 4.7 peak sun hours/day and 11.9¢/kWh average electricity rate.
4.7
Peak Sun Hours/Day
11.9¢
Avg Rate (¢/kWh)
12.1 yr
Payback Period
$13k
25-Year Savings
Laramie Solar Overview
Calculate Your Laramie Solar Savings
Laramie average: $137/mo
South-facing roofs produce the most energy
Add $8,000-$12,000 for whole-home battery backup
Annual Production
kWh/year
Annual Savings
per year
Net System Cost
after 30% ITC
Payback Period
break-even time
25-Year Total Savings
$33,543
Monthly Savings
$82
Federal Tax Credit
$5,112
Cumulative Savings vs System Cost
Cost Breakdown
| Item | Laramie | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $17,040 | $17,100 |
| Federal Tax Credit (30%) | -$5,112 | -$5,130 |
| Net System Cost | $11,928 | $11,970 |
| Cost Per Watt | $2.84/W | $2.85/W |
Solar Potential in Laramie
Sun Hours vs National Average
Laramie gets 4% more sun than the national average.
Climate Advantages
- 171 sunny days per year
- Average temperature: 50.5°F — cooler temps actually improve panel efficiency
- Average roof size: 2,075 sq ft — enough for a 115-panel system
Laramie Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $17,040 system, that's a $5,112 credit. Valid through 2032.
Wyoming State Incentives
Wyoming net metering; no state tax credit; property tax exemption.
Net Metering — Rocky Mountain Power
Rocky Mountain Power offers net metering in Laramie. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in Laramie
3.4
Tons CO2 Offset/Year
57
Equivalent Trees Planted
0.8
Homes Worth of Energy
Based on 8,234 kWh annual production with a 6kW system. EPA average: 0.417 metric tons CO2 per MWh, 10,632 kWh per US home.
Solar Energy in Laramie, Wyoming
Laramie, Wyoming receives an average of 4.7 peak sun hours per day, providing excellent conditions for residential solar installations. With electricity rates averaging 11.9¢ per kWh from Rocky Mountain Power, below the national average, but with rates rising 2-3% annually, the long-term savings are still meaningful.
A typical 6kW solar system in Laramie produces approximately 8,234 kWh per year, saving homeowners an estimated $982 annually. The system pays for itself in about 12.1 years, after which you enjoy essentially free electricity for the remaining 13+ years of the system's warranty life.
Laramie has a solar penetration rate of 4.1% — indicating early-stage solar adoption with tremendous growth potential as prices continue to fall. The cost of living index of 89 (national average: 100) reflects a lower cost of living, keeping installation costs competitive.
Other Cities in Wyoming
Frequently Asked Questions
How much do solar panels cost in Laramie, WY?
The average cost of a 6kW solar panel system in Laramie is approximately $17,040 before incentives ($2.84/watt). After the 30% federal Investment Tax Credit, the net cost is about $11,928. Wyoming net metering; no state tax credit; property tax exemption.
How many peak sun hours does Laramie get?
Laramie, WY receives an average of 4.7 peak sun hours per day and approximately 171 sunny days per year. This is near the national average, providing good conditions for residential solar panels.
What is the solar payback period in Laramie?
The average solar payback period in Laramie is approximately 12.1 years. After payback, your solar panels generate essentially free electricity for the remaining 15-20 years of their warranty. Over 25 years, total savings can reach $12,622.
Does Laramie have net metering?
Yes, Laramie has access to net metering through Rocky Mountain Power. This allows you to earn credits for excess solar energy sent to the grid, significantly improving your solar investment returns.
Is solar worth it in Laramie, WY?
Yes, solar is a solid investment in Laramie. While the 12.1-year payback is moderate, you'll still save $12,622 over 25 years. The 30% federal tax credit and local incentives help make solar financially attractive.