Solar Panel Cost Guide in Mustang, OK (2023 Update)
- Mustang Solar Installation Cost: $15,314
- 25-Year Savings: $24,099
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mustang
Here's how much it might cost to make the switch to solar in Mustang.
The average cost of a solar panel system in Mustang is 2.62 per watt. Using this figure, a typical 8.3-kW system would cost about $15,314 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 exact cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Mustang find going solar can pay off big.
Click the button below to get connected to a top solar panel company in Mustang for a custom quote.
Solar savings over time in Mustang
| Year | Return on Investment |
|---|---|
| 1 years | $-13,737 |
| 3 years | $-10,584 |
| 5 years | $-7,431 |
| 7 years | $-4,278 |
| 9 years | $-1,125 |
| 11 years | $2,028 |
| 13 years | $5,181 |
| 15 years | $8,334 |
| 17 years | $11,487 |
| 19 years | $14,640 |
| 21 years | $17,793 |
| 23 years | $20,946 |
| 25 years | $24,099 |
Top Solar Installers in Mustang
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your swap to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you're searching for a solar installer in Mustang, we've put together a list of our top suggestions here:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Mustang
Factors that Affect Solar Panel Costs in Mustang
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Mustang: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,620. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Mustang, where sunlight is abundant, efficiency can quickly pay off. Also, 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Mustang homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your overall costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Mustang, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better 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 promotion can bring their pricing lower 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 | $2.72 | $11,444 | $16,886 | 10.1 years |
| 8 kW | $2.67 | $14,965 | $22,808 | 9.9 years |
| 10 kW | $2.62 | $18,340 | $28,877 | 9.7 years |
| 12 kW | $2.57 | $21,568 | $35,092 | 9.5 years |
| 14 kW | $2.52 | $24,649 | $41,455 | 9.3 years |
| 16 kW | $2.46 | $27,583 | $47,964 | 9.1 years |
| 18 kW | $2.41 | $30,371 | $54,619 | 8.9 years |
| 20 kW | $2.36 | $33,012 | $61,422 | 8.7 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 select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Mustang, OK Solar Cost FAQs
What is the average cost of installing solar panels in Mustang?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Mustang?
You can't get solar panels for free in Mustang. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Mustang?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.