Solar Panel Cost Guide in Vero Beach South, FL (2024 Update)
- Vero Beach South Solar Installation Cost: $11,965
- 25-Year Savings: $21,532
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Vero Beach South
We break down average solar pricing in Vero Beach South.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vero Beach South, the average cost of solar panels is 3 per watt.The average solar panel system size in Vero Beach South is around 5.3 kilowatts, meaning a cost of about $11,965 for a solar installation, or $17,110 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $22,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar panel company in Vero Beach South for a customized estimate.
Solar savings over time in Vero Beach South
| 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 South
Putting up solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
If you're on the hunt for a solar company in Vero Beach South, we've compiled a list of our top suggestions here:
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 South
Factors that Affect Solar Panel Costs in Vero Beach South
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,210 per kilowatt in Vero Beach South.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Vero Beach South, where sunlight is abundant, efficiency can quickly pay off. Also, 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Vero Beach South, which can bring down, or in some cases 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Vero Beach South, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $20,867 | 10.0 years |
| 8 kW | $3.27 | $18,336 | $28,182 | 9.9 years |
| 10 kW | $3.21 | $22,470 | $35,677 | 9.7 years |
| 12 kW | $3.15 | $26,425 | $43,352 | 9.5 years |
| 14 kW | $3.08 | $30,200 | $51,206 | 9.3 years |
| 16 kW | $3.02 | $33,795 | $59,240 | 9.1 years |
| 18 kW | $2.95 | $37,210 | $67,454 | 8.9 years |
| 20 kW | $2.89 | $40,446 | $75,848 | 8.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Vero Beach South, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project timeline.
- Solar Panel Brands: The model of solar panel you’d like plays a role in which installer you should opt for, 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 South, FL Solar Cost FAQs
How much does it cost to install solar panels in Vero Beach South?
The average cost of solar panels in Vero Beach South 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Vero Beach South?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Vero Beach South?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.