Solar Panel Cost Guide in Vero Beach, FL (2023 Update)
- Vero Beach Solar Installation Cost: $9,422
- 25-Year Savings: $21,180
- Payback Period: 7.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Vero Beach
We go over average solar pricing in Vero Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vero Beach, the typical cost of a solar system is 2.53 per watt. Since a 5.3-kW system is needed to cover the energy needs of a typical home in Vero Beach, the average price of going solar will be about $9,422 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will differ based on your specific situation and what company you choose to go with. Even with the high initial cost, the average Vero Beach homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar installer in Vero Beach for a quote for your home.
Solar savings over time in Vero Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-8,198 |
| 3 years | $-5,749 |
| 5 years | $-3,301 |
| 7 years | $-853 |
| 9 years | $1,595 |
| 11 years | $4,043 |
| 13 years | $6,491 |
| 15 years | $8,939 |
| 17 years | $11,388 |
| 19 years | $13,836 |
| 21 years | $16,284 |
| 23 years | $18,732 |
| 25 years | $21,180 |
Top Solar Installers in Vero Beach
When switching to solar energy, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your family.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- 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
Even though the average cost of a solar system in Vero Beach is $9,422, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Vero Beach, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Vero Beach is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services at different costs. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that has the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $23,431 | 8.0 years |
| 8 kW | $2.58 | $14,451 | $31,524 | 7.9 years |
| 10 kW | $2.53 | $17,710 | $39,760 | 7.7 years |
| 12 kW | $2.48 | $20,827 | $48,136 | 7.6 years |
| 14 kW | $2.43 | $23,802 | $56,655 | 7.4 years |
| 16 kW | $2.38 | $26,636 | $65,315 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $74,117 | 7.1 years |
| 20 kW | $2.28 | $31,878 | $83,061 | 6.9 years |
How to Save on Solar Panels
There are many companies to choose from in Vero Beach, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you want plays a role in which installer you should go with, since different companies offer different panels.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- 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?
The average cost of solar panels in Vero Beach is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Vero Beach?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,149.39 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.