Solar Panel Cost Guide in Mustang, OK (2024 Update)
- Mustang Solar Installation Cost: $18,289
- 25-Year Savings: $24,104
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Mustang
Find out how much it might cost to go solar in Mustang.
The average cost of a solar system in Mustang is 3 per watt.The average Mustang homeowner needs a 8.3-kilowatt system, which would cost about $18,289 with the federal tax credit, or $26,153 before the 0 tax credit is applied.
These figures are only averages, and the cost of going solar for you will differ based on your energy needs and what company you go with.Despite the large initial cost, the average Mustang homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Mustang for a quote for your home.
Solar savings over time in Mustang
| Year | Return on Investment |
|---|---|
| 1 years | $-17,080 |
| 3 years | $-14,661 |
| 5 years | $-12,243 |
| 7 years | $-9,825 |
| 9 years | $-7,406 |
| 11 years | $-4,988 |
| 13 years | $-2,570 |
| 15 years | $-151 |
| 17 years | $2,267 |
| 19 years | $4,685 |
| 21 years | $7,103 |
| 23 years | $9,522 |
| 25 years | $11,940 |
Top Solar Installers in Mustang
When making the switch to solar, many homeowners prefer to hire a solar company since installing solar panels yourself can be a challenging project. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what kind of solar equipment you need.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 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 Mustang
Factors that Affect Solar Panel Costs in Mustang
There are many factors that can affect your total 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact your pricing. Mustang’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Mustang know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.26 | $13,672 | $14,658 | 12.1 years |
| 8 kW | $3.19 | $17,879 | $19,895 | 11.8 years |
| 10 kW | $3.13 | $21,910 | $25,307 | 11.6 years |
| 12 kW | $3.07 | $25,766 | $30,894 | 11.4 years |
| 14 kW | $3.00 | $29,447 | $36,657 | 11.1 years |
| 16 kW | $2.94 | $32,953 | $42,594 | 10.9 years |
| 18 kW | $2.88 | $36,283 | $48,707 | 10.7 years |
| 20 kW | $2.82 | $39,438 | $54,996 | 10.4 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 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 Mustang, OK Solar Cost FAQs
What is the average cost of installing solar panels in Mustang?
The average cost of solar panels in Mustang is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real 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.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value 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% after installing solar panels."
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 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.