Solar Savings Calculator for Sheridan, WY
Homeowners in Sheridan pay an average of $112/month for electricity through Rocky Mountain Power. With 4.8 peak sun hours per day, solar panels can significantly reduce your energy costs.
$112
Avg Monthly Bill
12.5¢/kWh
Electricity Rate
4.8h/day
Peak Sun Hours
$34,038
Est. 25-Year Savings
Calculate Your Savings in Sheridan
Adjust Your Details for Sheridan, WY
$
$50$1,000
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Your Estimated Solar Savings
System Size
6.4 kW
Panel Count
16 panels
Total System Cost
$18,240
Federal Tax Credit (30%)
-$5,472
Net Cost
$12,768
Annual Savings
$1,344
Payback Period
9.5 years
25-Year Savings
$34,038
Return on Investment
267%
* Estimates based on 4.8 peak sun hours/day in Sheridan, 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 Sheridan
Utility & Permits
- Utility Company
- Rocky Mountain Power
- Permit Cost
- $225
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.4 kW
- Panel Count
- 16 panels
- Gross Cost
- $18,240
- Net Cost (after credits)
- $12,768
Available Incentives for Sheridan, 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.
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