*Prices are shown after applying the 30% federal tax credit.
As of Apr 2024, the average cost of solar panels in Lost Springs is $2.37 per watt making a typical 6000 watt (6 kW) solar system $9,973 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.59 | $7,255 |
5kW | $2.48 | $8,689 |
6kW | $2.37 | $9,973 |
7kW | $2.35 | $11,513 |
8kW | $2.38 | $13,313 |
9kW | $2.30 | $14,487 |
10kW | $2.27 | $15,922 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.69 42 Reviews
jstuck, over 1 month
I had a great experience working with Josh, Molly, and team. They are great with communication, fairly priced, and very knowledgeable.
Read more
jstuck, over 1 month
I had a great experience working with Josh, Molly, and team. They are great with communication, fairly priced, and very knowledgeable.
4.53 25 Reviews
Prospector Installation , over 1 month
It hs been years since we had solar installed by CE. Great product. good results. After all these years we changed internet service and needed some help getting our system reporting. We have not had reporting since October of 2023. Our calls to Creative Energies ended with a need to replace two 'Emphase' modules at a price of over $1300. There was no attempt to be willing to help, without getting a service fee. This is a simple reset since this all occurred after switching to Xfinity. After years of recommending them...I can no longer do so. All the installation and product kudoes asside...service is still the reason we should support a company. They simply said...sorry...you are out of warranty. There is a 10 year warranty...... so why no service!
Read more
Prospector Installation , over 1 month
It hs been years since we had solar installed by CE. Great product. good results. After all these years we changed internet service and needed some help getting our system reporting. We have not had reporting since October of 2023. Our calls to Creative Energies ended with a need to replace two 'Emphase' modules at a price of over $1300. There was no attempt to be willing to help, without getting a service fee. This is a simple reset since this all occurred after switching to Xfinity. After years of recommending them...I can no longer do so. All the installation and product kudoes asside...service is still the reason we should support a company. They simply said...sorry...you are out of warranty. There is a 10 year warranty...... so why no service!
4.17 5 Reviews
Mike, over 1 month
Kevin went beyond to help me get my wind turbine going. He never made a cent off me, but helped any way. I can not thank him enough. I hope any one needing parts or a quote on a new system give his company a shot. Thanks again,Mike
Read more
Mike, over 1 month
Kevin went beyond to help me get my wind turbine going. He never made a cent off me, but helped any way. I can not thank him enough. I hope any one needing parts or a quote on a new system give his company a shot. Thanks again,Mike
4.06 3 Reviews
Elizabeth, over 1 month
My experience working with Michelle was amazing! I love that this is a woman owned company and they have great pricing for what I needed for my home. I highly recommend Earthbound LLC
Read more
Elizabeth, over 1 month
My experience working with Michelle was amazing! I love that this is a woman owned company and they have great pricing for what I needed for my home. I highly recommend Earthbound LLC
3.81 12 Reviews
4 months and no system installed, over 1 month
On September 20, 2023 I signed a contract for an 18 panel solar system. As of January 18, 2024 I still do not have my system installed. I received a call from Operations Manager on December 6th. He apologized for the delay and committed to having the system installed no later than December 20th. December 2023 was mild weather and perfect to get the system installed; January 2024 not as nice. I have not heard from Ops Manager since the December 6th phone call; even after missing the date he committed to. On January 3rd 2 people brought hardware in a trailer. As of January 18, 2024 the trailer and hardware are sitting in my yard. I have not had any updates and the local electric association reached out to me to get a phone number. Manager has been incommunicado.
Read more
4 months and no system installed, over 1 month
On September 20, 2023 I signed a contract for an 18 panel solar system. As of January 18, 2024 I still do not have my system installed. I received a call from Operations Manager on December 6th. He apologized for the delay and committed to having the system installed no later than December 20th. December 2023 was mild weather and perfect to get the system installed; January 2024 not as nice. I have not heard from Ops Manager since the December 6th phone call; even after missing the date he committed to. On January 3rd 2 people brought hardware in a trailer. As of January 18, 2024 the trailer and hardware are sitting in my yard. I have not had any updates and the local electric association reached out to me to get a phone number. Manager has been incommunicado.
3.76 169 Reviews
S. Garrett, 1 week ago
I live in Arizona and purchased a solar system for my home from Green Home Systems. It worked ok but didn’t produce like I was promised. It stopped working in September of 2023 and to this date (April 2024) they have NOT fixed it!! They finally sent a tech in December of 2023 who diagnosed the problem to be a bad Solaredge converter. GHS told me “its just a fuse inside the inverter.” What a joke these people are! Nobody has been sent to change this “fuse” and after several phone calls to GHS they said to me, “Do you know anyone who can change the “fuse?” How unprofessional is that!! It is GHS warranty and they told me if I worked on it it would void their warranty! But they do absolutely NOTHING to repair my system! So as of now I am out of pocket paying for a system that doesn’t work AND a monthly electric bill. So warning to all DONT USE GREEN HOME SYSTEMS!!!
Read more
S. Garrett, 1 week ago
I live in Arizona and purchased a solar system for my home from Green Home Systems. It worked ok but didn’t produce like I was promised. It stopped working in September of 2023 and to this date (April 2024) they have NOT fixed it!! They finally sent a tech in December of 2023 who diagnosed the problem to be a bad Solaredge converter. GHS told me “its just a fuse inside the inverter.” What a joke these people are! Nobody has been sent to change this “fuse” and after several phone calls to GHS they said to me, “Do you know anyone who can change the “fuse?” How unprofessional is that!! It is GHS warranty and they told me if I worked on it it would void their warranty! But they do absolutely NOTHING to repair my system! So as of now I am out of pocket paying for a system that doesn’t work AND a monthly electric bill. So warning to all DONT USE GREEN HOME SYSTEMS!!!
3.75 1 Reviews
Anonymous, over 1 month
Our organization worked with Fenton Energy to install a new solar system at our office in the summer of 2016. This family owned, friendly, small business was very easy to work with and served us with a can-do professional attitude. They were excellent troubleshooters and were able to meld our old system with the new system so now we have double the capacity at our office. The system has worked without a hitch since installation. We look forward to working with them again soon.
Read more
Anonymous, over 1 month
Our organization worked with Fenton Energy to install a new solar system at our office in the summer of 2016. This family owned, friendly, small business was very easy to work with and served us with a can-do professional attitude. They were excellent troubleshooters and were able to meld our old system with the new system so now we have double the capacity at our office. The system has worked without a hitch since installation. We look forward to working with them again soon.
3.75 1 Reviews
Dawn, 3 days ago
Bison Energy in WY installed a solar system with a battery back up at our residence. We have only been in production for a few months but up to this point it has been working well, although with a few minor issues that appear to be caused by the equipment we chose, not the installers. Bison Energy has been a very reliable company, and stuck to the price quoted.
Read more
Dawn, 3 days ago
Bison Energy in WY installed a solar system with a battery back up at our residence. We have only been in production for a few months but up to this point it has been working well, although with a few minor issues that appear to be caused by the equipment we chose, not the installers. Bison Energy has been a very reliable company, and stuck to the price quoted.
3.08 1 Reviews
unhappy, over 1 month
It started out promising. They seemed to know their stuff. It took a while to get started, but once they finally did it moved along quickly. They did all but the final 2-3 hours of hooking up to the grid and making it actually power my house. It has been over 3 years. They are no longer returning my calls. They have promised at least 5 times to finish in a week. There was a miscommunication at one point where I actually owed them some money, but didn't realize it because I had gotten an email agreeing that all I still owed them was $500 when the job was finished. Over a year ago we figured out that problem. I asked them if I paid the small balance, would they have it finished within 30 days. They said yes. That was 14 months ago. They are no longer returning my calls. It looks like I'm going to have to get a lawyer and sue them to get my job finished. The worst part is 3 years of the life of my system are gone without my even getting one watt of power out of it and there is no telling how much more time it will take to get it working.
Read more
unhappy, over 1 month
It started out promising. They seemed to know their stuff. It took a while to get started, but once they finally did it moved along quickly. They did all but the final 2-3 hours of hooking up to the grid and making it actually power my house. It has been over 3 years. They are no longer returning my calls. They have promised at least 5 times to finish in a week. There was a miscommunication at one point where I actually owed them some money, but didn't realize it because I had gotten an email agreeing that all I still owed them was $500 when the job was finished. Over a year ago we figured out that problem. I asked them if I paid the small balance, would they have it finished within 30 days. They said yes. That was 14 months ago. They are no longer returning my calls. It looks like I'm going to have to get a lawyer and sue them to get my job finished. The worst part is 3 years of the life of my system are gone without my even getting one watt of power out of it and there is no telling how much more time it will take to get it working.
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.21 |
LG Solar | $2.64 |
SunPower | $2.77 |
Panasonic | $2.67 |
LONGi Solar | $2.14 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Lost Springs varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Lost Springs.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 11.48 kW |
Annual power generation | 17,693 kWh |
Pay-back time (assuming Cash purchase) | 8.7 Years |
Internal rate of return (IRR) on investment | 7.6% |
Gross cost | $31,018 |
Total Upfront Incentives and Rebates | -$8,064 |
Net Cost of System after rebated and incentives | $22,953 |
Total Cost of Utility Power Avoided over 25 years | $85,447 |