Solar Panel Cost Guide in Mansfield, LA (2023 Update)
- Mansfield Solar Installation Cost: $18,242
- 25-Year Savings: $30,561
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mansfield
Find out what the average cost of solar panel installation is in Mansfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Mansfield generally cost about 2.57. Using this figure, a typical 10.1-kW system would cost about $18,242 before the 30% 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 true cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what company you go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Mansfield find investing in solar can pay off big.
To receive a free estimate from a pre-vetted solar installer in Mansfield, you can click the button below.
Solar savings over time in Mansfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,290 |
| 3 years | $-12,386 |
| 5 years | $-8,481 |
| 7 years | $-4,577 |
| 9 years | $-673 |
| 11 years | $3,231 |
| 13 years | $7,135 |
| 15 years | $11,040 |
| 17 years | $14,944 |
| 19 years | $18,848 |
| 21 years | $22,752 |
| 23 years | $26,656 |
| 25 years | $30,561 |
Top Solar Installers in Mansfield
Although you can install solar panels by yourself, it involves extra time and handiness. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what type of solar equipment would be right for your home.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Mansfield
Factors that Affect Solar Panel Costs in Mansfield
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Mansfield: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Mansfield average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Mansfield, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Mansfield know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.67 | $11,226 | $17,660 | 9.7 years |
| 8 kW | $2.62 | $14,680 | $23,835 | 9.5 years |
| 10 kW | $2.57 | $17,990 | $30,153 | 9.3 years |
| 12 kW | $2.52 | $21,156 | $36,616 | 9.2 years |
| 14 kW | $2.47 | $24,179 | $43,222 | 9.0 years |
| 16 kW | $2.42 | $27,057 | $49,972 | 8.8 years |
| 18 kW | $2.36 | $29,791 | $56,866 | 8.6 years |
| 20 kW | $2.31 | $32,382 | $63,904 | 8.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mansfield is currently $84,000, so you can expect a value of about $3,444 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mansfield is a rewarding investment.
How long do solar panels last in Mansfield?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.