A configurable steel form system for creating precast concrete panels is disclosed. The configurable steel form system can be used to create precast panels for both commercial tilt panels and highway noise barrier walls, among other applications. A plurality of steel form system sections are preferably fabricated from steel plate bent into a J-channel member. The configurable steel form system can be designed in sections that are quickly assembled. To suit a particular application, a section can be extended by sequentially attaching extension members to a primary member. A quick-release mechanism can be implemented for ease and speed of connection. Each section can have the panel depth and contour fabricated into the steel form profile. Anchoring holes and corner miters can also be cut into the form's framework.