Solar Panel Cost Guide in Mansfield, NJ (Mar 2023)
- Mansfield Solar Installation Cost: $8,939
- 25-Year Savings: $8,356
- Payback Period: 12.9 Years
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Updated March 14, 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.
The average cost of a solar panel system in Mansfield is 2.77 per watt. To cover the typical energy usage of the average home in Mansfield, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $8,939, or $12,783 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Mansfield homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $14,000 on power bills over 20 years, many homeowners in Mansfield find installing solar panels has a decent ROI.
To get a free quote 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 | $-8,247 |
| 3 years | $-6,863 |
| 5 years | $-5,480 |
| 7 years | $-4,096 |
| 9 years | $-2,713 |
| 11 years | $-1,329 |
| 13 years | $54 |
| 15 years | $1,438 |
| 17 years | $2,822 |
| 19 years | $4,205 |
| 21 years | $5,589 |
| 23 years | $6,972 |
| 25 years | $8,356 |
Top Solar Installers in Mansfield
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of an installer can make switching to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 who want to invest in solar. There are a few primary 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
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. 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 energy needs. The brand of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Mansfield have solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.88 | $12,099 | $10,414 | 13.4 years |
| 8 kW | $2.83 | $15,822 | $14,195 | 13.2 years |
| 10 kW | $2.77 | $19,390 | $18,132 | 12.9 years |
| 12 kW | $2.71 | $22,803 | $22,224 | 12.7 years |
| 14 kW | $2.66 | $26,060 | $26,471 | 12.4 years |
| 16 kW | $2.60 | $29,163 | $30,873 | 12.1 years |
| 18 kW | $2.55 | $32,110 | $35,430 | 11.9 years |
| 20 kW | $2.49 | $34,902 | $40,142 | 11.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should choose, since different companies have access to different panels.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Mansfield?
The average cost of solar panels in Mansfield is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind 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?
A solar panel system isn'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 you can take advantage of.
How will installing solar panels impact my home value?
Solar panels can increase your property's value considerably 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% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.