Solar Savings Calculator for Laramie, WY

Homeowners in Laramie pay an average of $112/month for electricity through Rocky Mountain Power. With 5.2 peak sun hours per day, solar panels can significantly reduce your energy costs.

$112
Avg Monthly Bill
12.5¢/kWh
Electricity Rate
5.2h/day
Peak Sun Hours
$34,836
Est. 25-Year Savings

Calculate Your Savings in Laramie

Adjust Your Details for Laramie, WY

$
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Your Estimated Solar Savings

System Size
6 kW
Panel Count
15 panels
Total System Cost
$17,100
Federal Tax Credit (30%)
-$5,130
Net Cost
$11,970
Annual Savings
$1,344
Payback Period
8.9 years
25-Year Savings
$34,836
Return on Investment
291%

* Estimates based on 5.2 peak sun hours/day in Laramie, WY, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Laramie

Utility & Permits

Utility Company
Rocky Mountain Power
Permit Cost
$225
Permit Timeline
2-3 weeks
Net Metering
full

System Estimates

Recommended Size
6 kW
Panel Count
15 panels
Gross Cost
$17,100
Net Cost (after credits)
$11,970

Available Incentives for Laramie, WY

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

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