Solar Panel Cost Guide in Mansfield, TX (Nov 2022)

  • Mansfield Solar Installation Cost: $14,367
  • 25-Year Savings: $22,820
  • Payback Period: 9.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Mansfield

Let's have a look at the average cost of solar in Mansfield.

The average cost of solar panels in Mansfield is $3 per watt. The average Mansfield homeowner needs a 7.6-kilowatt system, which would cost about $14,367, or $10,632 after the federal solar tax credit of 30% is applied.

These figures are only estimates, and your own solar costs may look different based on the amount of energy your home requires and what company you choose to go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on power bills.

To get a free estimate from a vetted solar installation company in Mansfield, you can click the button below.

Solar savings over time in Mansfield

Year Return on Investment
1 years $-12,880
3 years $-9,905
5 years $-6,930
7 years $-3,955
9 years $-980
11 years $1,995
13 years $4,970
15 years $7,945
17 years $10,920
19 years $13,895
21 years $16,870
23 years $19,845
25 years $22,820

Top Solar Installers in Mansfield

Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be challenging. The expertise that solar companies provide can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.

Working with a professional solar installer can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

See all of the solar companies in Mansfield

Factors that Affect Solar Panel Costs in Mansfield

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Mansfield: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

When it comes to estimating the cost of solar panels in Mansfield, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Mansfield homeowners opt to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar installer you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Mansfield, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.80 $11,750 $17,487 10.0 years
8 kW $2.74 $15,365 $23,617 9.9 years
10 kW $2.69 $18,830 $29,898 9.7 years
12 kW $2.64 $22,144 $36,330 9.5 years
14 kW $2.58 $25,308 $42,912 9.3 years
16 kW $2.53 $28,320 $49,645 9.1 years
18 kW $2.47 $31,182 $56,528 8.9 years
20 kW $2.42 $33,894 $63,562 8.7 years

How to Save on Solar Panels

The solar company you opt for will impact not only your overall 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 take into account, such as:

  • Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
  • Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
  • Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Mansfield, TX Solar Cost FAQs

What is the average cost of installing solar panels in Mansfield?

The average cost of solar panels in Mansfield is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.

Is it better to 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 don't have access to 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 your home value?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't go for 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."

How often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.

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