Solar Panel Cost Guide in Vero Beach, FL (2024 Update)

  • Vero Beach Solar Installation Cost: $11,965
  • 25-Year Savings: $21,172
  • Payback Period: 9.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Vero Beach

Find out how much it might cost to make the switch to solar in Vero Beach.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Vero Beach, the average cost of a solar system is 3 per watt.Since a 5.3-kW system is needed to cover the energy costs of a typical home in Vero Beach, the average price of going solar will be about $11,965 after claiming the federal solar tax credit of 0.

These figures are just averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you go with.With typical savings of about $22,000 on electricity bills over 20 years, many homeowners in Vero Beach find installing solar panels can pay off big.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Vero Beach

Year Return on Investment
1 years $-10,591
3 years $-7,844
5 years $-5,097
7 years $-2,350
9 years $398
11 years $3,145
13 years $5,892
15 years $8,639
17 years $11,387
19 years $14,134
21 years $16,881
23 years $19,628
25 years $22,376

Top Solar Installers in Vero Beach

Although it's possible to install solar panels yourself, it takes extra labor and handiness. Because of that, most people choose to hire a solar panel installer. The payback period on a solar system will vary based on factors like your location and energy usage, but working with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.

Working with a professional solar installer can help you make the most of your investment in solar. 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

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 Vero Beach

Factors that Affect Solar Panel Costs in Vero Beach

For many Vero Beach homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Vero Beach, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Vero Beach, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. 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 Vero Beach homeowners decide to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Vero Beach, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Vero Beach have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 $3.34 $14,021 $20,460 10.2 years
8 kW $3.27 $18,336 $27,640 10.0 years
10 kW $3.21 $22,470 $35,000 9.8 years
12 kW $3.15 $26,425 $42,539 9.6 years
14 kW $3.08 $30,200 $50,258 9.4 years
16 kW $3.02 $33,795 $58,156 9.2 years
18 kW $2.95 $37,210 $66,235 9.0 years
20 kW $2.89 $40,446 $74,493 8.8 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
  • Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
  • Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
  • Solar Panel Brands: The type of solar panel you’d like to install plays a role in which installer you should go with, since different companies have different panels.

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

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 Vero Beach, FL Solar Cost FAQs

What is the average cost of installing solar panels in Vero Beach?

This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

What other factors should I consider in addition to 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 reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Can solar panels significantly reduce my power bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners in Vero Beach, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.

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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