Cost & Savings Breakdown
Based on $150/month electric bill in Sheridan
System Size
8.2 kW
Annual Production
12,269 kWh
Gross System Cost
$23,892
Federal Tax Credit (30%)
-$7,168
State Incentive
None
Net Cost
$16,724
Monthly Savings
$122
CO₂ Offset/yr
11,287 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityBlack Hills Energy WY
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.119/kWh
Peak Sun Hours5.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
Common Questions
How much does solar cost in Sheridan?
Solar in Sheridan, Wyoming costs approximately $23,892 for a 8.2 kW system. After the 30% federal tax credit, your net cost is about $16,724.
What is the solar payback period in Sheridan?
The estimated payback period for solar in Sheridan is 11.5 years, based on a $150/month electric bill and local sun hours of 5.1 hrs/day.
Does Black Hills Energy WY offer net metering?
Black Hills Energy WY offers Full Retail net metering. Full retail rate.