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
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Average Cost of Solar Panels in Vero Beach
Find out how much it might cost to make the switch to solar in Vero Beach.
The average cost of a solar panel system in Vero Beach is 3 per watt.The average Vero Beach homeowner needs a 5.3-kilowatt system, which would cost about $11,965 with the federal tax credit, or $17,110 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.Many homeowners find going solar is a solid investment. The average homeowner in Vero Beach can save around $22,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Vero Beach that can help you get a more accurate cost estimate for your home.
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
Trying to put up solar panels yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in Vero Beach, thereby optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Vero Beach
Factors that Affect Solar Panel Costs in Vero Beach
The cost of installing a solar system in Vero Beach can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,210 per kilowatt in Vero Beach.The brand of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Vero Beach, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 $16,050 for a 5-kW system and $32,100 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 consume.
What other factors should I consider apart from cost when buying solar panels?
The initial 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 be mindful of are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout 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 long do solar panels last in Vero Beach?
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.