Solar Panel Cost Guide in Mansfield, NJ (2024 Update)
- Mansfield Solar Installation Cost: $11,389
- 25-Year Savings: $8,358
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Mansfield
Find out what the average cost of solar panels are in Mansfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mansfield, the average cost of solar panels is 4 per watt.To account for 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 $11,389, or $16,286 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Mansfield see about $14,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Mansfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,149 |
| 3 years | $-7,667 |
| 5 years | $-5,185 |
| 7 years | $-2,704 |
| 9 years | $-222 |
| 11 years | $2,259 |
| 13 years | $4,741 |
| 15 years | $7,222 |
| 17 years | $9,704 |
| 19 years | $12,186 |
| 21 years | $14,667 |
| 23 years | $17,149 |
| 25 years | $19,630 |
Top Solar Installers in Mansfield
Installing solar panels by yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Mansfield, therefore optimizing your ROI.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers nearby:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Mansfield
Factors that Affect Solar Panel Costs in Mansfield
The cost of installing a solar system in Mansfield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.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 opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Mansfield average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Mansfield, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.67 | $15,419 | $7,094 | 17.1 years |
| 8 kW | $3.60 | $20,163 | $9,854 | 16.8 years |
| 10 kW | $3.53 | $24,710 | $12,812 | 16.5 years |
| 12 kW | $3.46 | $29,059 | $15,968 | 16.1 years |
| 14 kW | $3.39 | $33,210 | $19,321 | 15.8 years |
| 16 kW | $3.32 | $37,164 | $22,872 | 15.5 years |
| 18 kW | $3.25 | $40,920 | $26,620 | 15.1 years |
| 20 kW | $3.18 | $44,478 | $30,566 | 14.8 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Mansfield, NJ Solar Cost FAQs
How much does it cost to install solar panels in Mansfield?
The average cost of solar panels in Mansfield is about $17,650 for a 5-kW system and $35,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Mansfield?
A solar panel system isn’t free in Mansfield, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Mansfield?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
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 opt to replace them once you've had 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.