Wyoming Incentives
Throughout North America, 123SolarPower has the most professionally trusted network of solar power product dealers, consultants, and installation specialists in Wyoming and the rest of the United States. Our goal is to closely work with you to evaluate your property, your goals, and your budget to save money and the environment.
Wyoming Solar Power
Though traditionally considered a red state in comparison to the rest of the countries green efforts, Wyoming is definitely taking steps in the right direction, which is an encouragement for anyone wanting to install a solar energy system.
For example, under President Obama’s We Can’t Wait strategy, solar and wind energy projects in states like Wyoming will be expedited. This push will increase solar-based jobs and create infrastructures that will produce thousands of megawatts of clean energy each year.
State Tax Incentives
While installing a solar energy system in Wyoming can be a little more costly than the rest of the country, the state does look out financially for those taking the initiative to go green with a handful of financial incentives.
For starters, anyone (home or business owners) who installs a solar power system is exempt from paying any sales tax on the equipment they purchase that will generate clean, solar-based energy. With a state sales tax ranging from 4% to 6%, this adds up to a significant chunk of cash right off the bat.
In addition, home owners with solar panels WY are eligible for a rebate program where they can receive $2,000 back for each installed kW DC, or each installed ton on geothermal heat pumps. Residents can receive a maximum of a $10,000 in rebates or 50% repayment of the total project cost.
And finally, Wyoming offers a handful of net metering and utility company-sponsored rebate programs where residents and small businesses can cash in on the abundance of clean energy they produce by selling it back into the grid. The utility providers are required to produce a certain amount of renewable resource based electricity each year therefore they encourage home and business owners to meet their goals. Solar panels Wyoming and solar panels Cheyenne are ideal for saving money and the environment!
Federal Tax Incentives
Along with what the state offers, people who buy solar panels Wyoming and clean energy systems can also depend on the federal government to help them out with savings. Thanks to the 2005 Energy Policy Act, those who install home solar panels Wyoming are eligible for a 30% tax credit of the total cost of the system and its installation.
Furthermore, if the credit amount is greater than what is owed to the government that year, the remaining amount can be rolled over and deducted from the next year’s taxes. All you need to do is fill out and file IRS form 5695 along with the traditional 1040 for the credit to apply.
Help For All Wyoming Residents
For the best solar power system and installation prices, 123SolarPower is the place to go in Wyoming. Our local partners work hard to offer you the best and most competitive solar installation quote Wyoming. Our goal is to make sure you receive personalized and expert advice on your solar power endeavor. To get a free quote on your project or a break down of the the cost solar panels Wyoming will incur, fill out our form so we help you, or call us at 800-294-2397 to speak with one of our solar power solution experts directly.
