Wyoming solar rebates and tax credits calculator

Solar incentive

Federal ITC 26% (tax credit)

State tax credit: No

Net metering (by utility)

Calculate for your homes location

There can be solar tax credits and incentives available at the federal, state and local levels. The calculator above will show you the value of all incentives your home is eligible for.

Summary of Wyoming solar incentives 2020

Wyoming continues to be a strong place to consider investing in home solar, not because of much work your legislators are doing, but mostly because costs have fallen and there's a high amount of sunshine blanketing the state. It helps there's a decent net-metering policy here as well, which ensures you get some credit for the solar energy you send back to the grid when you aren't using it at home. 

Read on to learn all you need to know about investing in home solar in Wyoming!

On this page, you can:

  1. Learn what solar incentives are available to Wyoming homeowners

  2. See what Wyoming solar incentives you qualify for based on your utility company and city

  3. Find out how much these incentives and/or Wyoming solar tax credits will reduce your cost to go solar and add batteries

Federal solar investment tax credit

The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in Wyoming

This perk is commonly known as the ITC, short for “Investment Tax Credit”. If you install your photovoltaic system in 2020, the federal tax credit is 26% of the cost of your solar panel system. This is 26% off the entire cost of the system including equipment, labor and permitting.

Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 26% = $5,200.

The federal tax credit falls to 22% in 2021. Unless new legislation is introduced in Washington D.C., this program will be gone in 2022.

Net energy metering in Wyoming

With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.

Net Metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume to make sure you get credit for the surplus.

Wyoming requires investor-owned utilities and electric cooperatives to offer net metering. Although there was a recent attempt by utility companies here to strip this policy away, that effort was narrowly defeated in 2019

Thankfully, all monthly surplus energy production is still applied to your next bill. Whether you get the full retail rate or the utility’s “avoided cost” (essentially the wholesale) rate varies by company. If you run a surplus for the entire year, the utility will purchase your remaining surplus annually at the avoided-cost rate. That’s a really solid net metering program!

Wyoming solar rebates

While Wyoming does not have a dedicated state rebate for solar panel installation, some manufacturers like LG offer their own solar rebates. These programs are usually time sensitive. For example, LG offers a $600 solar rebate on their equipment, which your installer can help you redeem over the next year. 

Cost of solar panels in your part of Wyoming after all applicable solar incentives

Showing data for:

Prices based on a 10.8kW system, after 26% federal tax credit

Solar prices near you

Cost range of local prices

$18,425-$22,519

Payback period

7.4-9.1 years

Net profit (savings less system cost)

$53,117-$64,921

Average size system installed in WY in 2020

10.8kW

Solar panel cost calculator

Best 10 solar companies in Wyoming

6 solar companies in Wyoming provide pricing on SolarReviews. Here are the best rated companies near you.

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