Solar Panel Cost Guide in Mansfield, LA (2024 Update)
- Mansfield Solar Installation Cost: $26,964
- 25-Year Savings: $30,566
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Mansfield
We break down average solar pricing in Mansfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Mansfield generally cost about 4.Using this figure, a typical 10.1-kW system would cost about $26,964 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Even with the significant initial cost, the average Mansfield homeowner can save about $18,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar company in Mansfield for a quote for your home.
Solar savings over time in Mansfield
| Year | Return on Investment |
|---|---|
| 1 years | $-25,386 |
| 3 years | $-22,231 |
| 5 years | $-19,076 |
| 7 years | $-15,921 |
| 9 years | $-12,765 |
| 11 years | $-9,610 |
| 13 years | $-6,455 |
| 15 years | $-3,300 |
| 17 years | $-144 |
| 19 years | $3,011 |
| 21 years | $6,166 |
| 23 years | $9,321 |
| 25 years | $12,477 |
Top Solar Installers in Mansfield
Although you can install solar panels yourself, it takes extra effort and knowledge. Because of that, most homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Mansfield
Factors that Affect Solar Panel Costs in Mansfield
There are many criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,800.There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Mansfield is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $12,288 | 14.4 years |
| 8 kW | $3.88 | $21,706 | $16,809 | 14.1 years |
| 10 kW | $3.80 | $26,600 | $21,543 | 13.8 years |
| 12 kW | $3.72 | $31,282 | $26,490 | 13.5 years |
| 14 kW | $3.65 | $35,750 | $31,650 | 13.3 years |
| 16 kW | $3.57 | $40,006 | $37,023 | 13.0 years |
| 18 kW | $3.50 | $44,050 | $42,608 | 12.7 years |
| 20 kW | $3.42 | $47,880 | $48,406 | 12.4 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Mansfield, LA Solar Cost FAQs
How much does it cost to install solar panels in Mansfield?
The average cost of solar panels in Mansfield is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
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 feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Mansfield?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.