Solar Panel Cost Guide in Mansfield, OH (2024 Update)
- Mansfield Solar Installation Cost: $18,379
- 25-Year Savings: $14,706
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Mansfield
Find out what the average cost of a solar system is in Mansfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Mansfield typically cost around 3.To account for the typical energy needs of the average home in Mansfield, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,379, or $26,282 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you may vary based on your energy needs and what company you go with.With average savings of about $14,000 on utility bills over 20 years, many homeowners in Mansfield find installing solar panels can pay off big.
To get a free quote from a highly rated solar company in Mansfield, you can click the button below.
Solar savings over time in Mansfield
| Year | Return on Investment |
|---|---|
| 1 years | $-17,158 |
| 3 years | $-14,718 |
| 5 years | $-12,277 |
| 7 years | $-9,837 |
| 9 years | $-7,397 |
| 11 years | $-4,956 |
| 13 years | $-2,516 |
| 15 years | $-75 |
| 17 years | $2,365 |
| 19 years | $4,806 |
| 21 years | $7,246 |
| 23 years | $9,687 |
| 25 years | $12,127 |
Top Solar Installers in Mansfield
Trying to install solar panels by yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Another great thing about going with a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Mansfield
Factors that Affect Solar Panel Costs in Mansfield
There are many factors that can play into your 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 a few different factors. One of the notable 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 increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Mansfield, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Mansfield, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.Even though solar loans make going solar more accessible for Mansfield homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Mansfield is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $3.55 | $14,895 | $7,317 | 16.8 years |
| 8 kW | $3.48 | $19,478 | $10,137 | 16.4 years |
| 10 kW | $3.41 | $23,870 | $13,149 | 16.1 years |
| 12 kW | $3.34 | $28,071 | $16,352 | 15.8 years |
| 14 kW | $3.27 | $32,081 | $19,746 | 15.5 years |
| 16 kW | $3.21 | $35,900 | $23,330 | 15.2 years |
| 18 kW | $3.14 | $39,529 | $27,106 | 14.8 years |
| 20 kW | $3.07 | $42,966 | $31,072 | 14.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: If you care about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Mansfield, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mansfield?
The average cost of solar panels in Mansfield is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Mansfield?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
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 $126,464, which means you could be looking at a value of about $5,185 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 amount 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.