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Solar Tax Credits, Incentives and Solar Rebates in Wyoming

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by Simone Garneau

State Seal of WyomingSolar Energy OutlookState Flag of Wyoming

Summary Data for WY

State Capital Cheyenne
Solar Value Index $886
Solar Energy Produced 7,762 kWh / year
Average retail electricity price (as of July 2017) 11.41 cents / kWh
Average annual consumption per household (2015 data) 9,979 kWh
Levelized Cost of Solar Electricity 7.21 cents / kWh
Reached grid parity? Yes

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Big Wyoming is the least populous of the 50 United States, it's also the coal champion of the nation. Nearly 40% of all the coal mined in the U.S. comes from Wyoming and powers many coal-fueled power plants around the country. Almost 90% of the state's own electricity generation comes from coal as well, with the rest supplied by wind turbines. Wyoming is one of the few states that did not enact a Renewables Portfolio Standard that sets specific targets for renewable energy sources. As a result, the installed solar PV capacity in the state is negligible. Which is a shame, because the state is blessed with above average levels of sunshine and this precious solar energy resource goes unused.

At 11.41 cents/ kWh, the electricity prices in the state are below the national average of 12.77 cents / kWh. When it comes to average electricity consumption per household, residents of this state consume 9,979 kWh per year, below the national average of 10,836 kWh.

Currently, Wyoming has no financial incentive programs and 2 regulatory programs supporting the adoption of solar energy. Unfortunately, Wyoming does not offer a state income tax credit.

Wyoming is a grid parity state, making solar power cheaper than the residential utility rates. Especially when used in combination with the 30% federal solar tax credit, the incentives listed below can significantly reduce the cost of installation of solar panels for your home or business.

List of Solar PV Incentive Programs in Wyoming

Financial Incentives

Unfortunately, there are no state-specific financial incentives in Wyoming.

Regulatory Policies

Methodology Notes

  • Average electricity consumption data is from the U.S. Energy Information Administration.
  • Average retail electricity price is from the Electric Power Monthly report of the U.S. Energy Information Administration.
  • Solar Value Index is based on the analysis performed using our own solar energy calculator, Sunmetrix Discover.
  • State incentives list is compiled from the Database of State Incentives for Renewables and Efficiency maintained by the N.C. State University.

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Written by Simone

Simone Garneau is the co-founder of Sunmetrix, an online consumer education website for residential solar energy. The goal of Sunmetrix is to help homeowners go solar and save money with our Solar Cashback Program. In addition to the 200+ articles about solar energy, Sunmetrix offers homeowners three main resources: a Consumer Report for solar energy, Discover, to preview solar energy for your home, and GO, the only solar energy test drive experience.

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