Solar Panels Cost 11k-19k in Mustang, OK | October, 2024

Solar Panels Cost $11k-$19k in Mustang, OK | October, 2024

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How much do solar panels cost in Mustang, OK in 2024?

Getting solar panels installed in October, 2024 in Mustang, OK is around $3.16/W.

So, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,160 to get your system installed in . After receiving the 30% federal tax credit, a 5 kW system in Mustang sets you back $11,060. Be aware that a bigger system may be essential to ensure your energy requirements are met.

On the left-hand side, pick your county to determine the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed below is a breakdown of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Mustang: $11,060US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Mustang: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Mustang: $14,661US Average: $15,784

Solar Potential in Mustang

Estimated system size and solar electricity production per median viable roof in
Mustang.

Roof size 1,019sq. ft.
Capacity 14.25kW DC
Electricity 19.8kkWh AC per yr.

Electricity Costs in Mustang, OK & What that Means for Your Solar Panel Pricing

On average, a Mustang energy consumer uses1,134 kWh and pays $126.92 per month for electricity. Small residences, such as lofts and duplexes, are also included in the statistics mentioned in the prior sentence.

The mean rate for electricity in Mustang, OK during October, 2024 is 11.19¢ per kWh.

In Mustang, the typical energy consumer will need a solar power setup of 9 kW or more to cover their entire power demands. Currently, a 9 kW solar installation will cost around $19,908 after incentives.

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Average solar panel costs by system size in Mustang

On the left and below, there is the pricing details for various sizes of the solar panel systems installed in Mustang. Of course, a more extensive solar system means a higher initial expense, but it also leads to more significant electricity savings and more substantial income tax credits.

The breakdown of costs and benefits for solar panels, displayed in the calculator to the right and below, is based on an average electric bill of $126.92 in Mustang. If you want more tailored results, just adjust the $126.92 to whatever your usual electricity bill is.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$11,060
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $75
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.02 tons a year
  • Equivalent to planting 139 trees a year
  • Equivalent to driving 7,485 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$13,272
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $90
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.63 tons a year
  • Equivalent to planting 167 trees a year
  • Equivalent to driving 8,982 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$15,484
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $105
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.23 tons a year
  • Equivalent to planting 194 trees a year
  • Equivalent to driving 10,479 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,696
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.84 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,975 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,615 a year
Est. Price
$19,908
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $127
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.14 tons a year
  • Equivalent to planting 236 trees a year
  • Equivalent to driving 12,713 mi less a year

Mustang Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. If you believe yourself eligible, we recommend utilizing our REAP Grant eligibility tool to confirm your qualification.

Most residents can qualify for a 30% federal income tax credit for residential solar, which makes it a practical option in numerous areas of the United States. Along with that, there are several state and local efforts designed to further encourage the uptake of solar energy.

Oklahoma offers 2 solar rebate and incentive initiatives through different utilities and government agencies.

Renewable Energy Goal

Value:Varies

The Energy Security Act effectively established a renewable portfolio standard to guide state energy investment. The Act required utilities in the state to generate at least 15% of their retail energy from renewable sources by 2015, but without stepped progress "checkpoints" or longer-term goals enumerated. In lieu of renewable energy credits, compliance with the standard goal was measured through annual reports sent to the Oklahoma legislature. Currently, 25.9% of retail energy in Oklahoma is generated renewably. The same legislation elevated the status of natural gas as the preferred fossil fuel for energy generation. Utilities that do not use natural gas are required to explain why they made that choice to the Oklahoma Corporation Commission.

Energy Standards for State Buildings

Value:Varies

Previously in Oklahoma, new state facilities were required to meet certain energy-efficient building standards and seek certification from the Office of Management and Enterprise Services. The statutes codifying this requirement were repealed in 2013. Oklahoma still sets energy efficiency standards at the state level for public and private buildings to follow at their choice. The state government may seek ENERGY STAR certification for buildings at its discretion.

Are solar panels worth it in Oklahoma?

If your intention is to stay in your home beyond the solar payback period, choosing solar panels is a good option in Mustang. Having a 5 kW solar system in Mustang, OK can potentially save you roughly $19,400.8 over a span of 20 years, with an average break even point of 7 years.

The cost of not having solar panels in Mustang, OK

Beyond forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As shown by many recent news reports, full reliance on your utility is not always ideal.

Each year, customers in Mustang experience about 0.88 outages. On average, each outage lasts for 63 minutes. Major events like wildlife damage, aging infrastructure or lightning strikes can considerably extend these durations.

Whether it includes a backup battery or not, a solar panel system could ease the burden of any future power interruptions you may experience.

Power Outages

Currently, 0 customers are being tracked in Canadian County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Mustang, OK?

Your Energy Needs - The initial investment for larger solar panel installations is greater, but the average price per watt drops as the system grows. Many consumers realize it's a great idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them save more money.

Make & Model - Just like other products, solar panels and mounting equipment are available in a range of makes and models. The potential brand preferences of your selected installer make it essential to choose a recommended company. For buyers desiring a better long-term experience, opting for higher quality makes and models is critical.

Solar Panel Type - For good reason why monocrystalline panels are now the industry standard. These panels cost more but yield a higher energy efficiency. The majority of installers in the industry work with panels made from this material.

Your Property - Each property and home has its own unique features. Uneven ground, trees, or other challenges may add to the difficulty of the installation. Solar installers today frequently utilize satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.

Labor Rates - Employees receive varied wages from different companies, and these costs are passed on to the consumers. Usually, companies paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Installation costs will be impacted by varying local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other OK cities

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Who are the best solar installers in Mustang?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Engie North America

Houston, TX(713) 636-0000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Mustang, OK Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Mustang, OK is $3.16/W. Post federal tax credit, a 5 kW solar panel system installation in Mustang, OK will roughly cost $11,060.

  • In Oklahoma, you have access to 2 rebates and incentives provided by numerous utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Choosing to pay cash provides the most savings, but today there are many financing options for solar panels that are also cost-effective. Information about financing options is typically included in initial quotes provided by installers.

  • Yes, in Mustang, OK, the average time for 5 kW solar panel systems to pay for themselves is 7 years, leading to electricity savings of $19,400.8 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01