Solar Panel Cost Guide in Mansfield, TX (2024 Update)
- Mansfield Solar Installation Cost: $17,789
- 25-Year Savings: $22,818
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Mansfield
Let’s take a look at the average cost of solar panels in Mansfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mansfield, the typical cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Mansfield, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs about $17,789, or $25,438 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Mansfield depending on several factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Mansfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,368 |
| 3 years | $-13,526 |
| 5 years | $-10,684 |
| 7 years | $-7,842 |
| 9 years | $-5,000 |
| 11 years | $-2,157 |
| 13 years | $685 |
| 15 years | $3,527 |
| 17 years | $6,369 |
| 19 years | $9,211 |
| 21 years | $12,053 |
| 23 years | $14,895 |
| 25 years | $17,738 |
Top Solar Installers in Mansfield
Many homeowners decide to hire a solar installer since trying to put up solar panels on your own can be hard. The expertise that solar installers provide can be invaluable as well, especially if you aren’t sure what brand of solar equipment you need.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Mansfield:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Mansfield
Factors that Affect Solar Panel Costs in Mansfield
While the average cost of a solar system in Mansfield is $17,789, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Mansfield, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $14,692 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $19,962 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,418 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $31,061 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,891 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,907 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,109 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,498 | 10.8 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Mansfield, TX Solar Cost FAQs
How much does it cost to install solar panels in Mansfield?
The average cost of solar panels in Mansfield is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mansfield?
Solar panels aren’t free in Mansfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mansfield is currently $429,092, so you can look forward to a value of about $17,593 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mansfield is a fruitful investment.
How long do solar panels last in Mansfield?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.