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Solar Tax Credits, Incentives and Solar Rebates in Wyoming
Latest Update:by Simone Garneau
|Solar Value Index||$875|
|Solar Energy Produced||7,762 kWh / year|
|Average retail electricity price (as of December 2016)||11.27 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|
|Solar Installer||City||Sunmetrix Solar Score||Sunmetrix Cashback|
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 11.27 cents/ kWh, the electricity prices in the state are below the national average of 12.55 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.
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.
Financial IncentivesUnfortunately, there are no state-specific financial incentives in Wyoming.
- 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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1. Defined Terms.
a. Program Website: http://sunmetrix.com/
b. INSTALLER: The solar PV installation company either selected by the QUOTE-REQUESTER or by Sunmetrix.
c. QUOTE-REQUESTER is a potential residential solar customer that meets all of the following criteria: (1) owns his or her own house in a state/province where the INSTALLER operates; (2) is a legal resident of the United States or Canada; (3) is 18 years of age or older; and (4) otherwise meets Sunmetrix’s requirements, as may be updated by Sunmetrix from time to time.
d. REFERRAL FEE: The amount the INSTALLER agrees to pay Sunmetrix upon completion of the residential INSTALLATION. For U.S. companies, the indicated amount is in U.S. dollars. For Canadian companies, the indicated amount is in Canadian dollars. In the case of commercial solar quote requests, the referral fee is determined on case by case basis.
e. CASH-BACK: The amount paid to the QUOTE-REQUESTER, representing 50% of the REFERRAL FEE paid upon completion of the residential solar photo-voltaic INSTALLATION. For U.S. residents, the indicated CASH-BACK amount is in U.S. dollars. For Canadian residents, the indicated CASH-BACK amount is in Canadian dollars.
f. INSTALLATION: The solar photo-voltaic INSTALLATION is for a residential system with a minimum installed capacity of 2 kW DC. Systems that are less than the minimum will not qualify for the CASH-BACK program.