Solar Panel Cost Guide in Vero Beach South, FL (2023 Update)
- Vero Beach South Solar Installation Cost: $9,430
- 25-Year Savings: $21,532
- Payback Period: 7.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vero Beach South
Find out how much it might cost to install solar panels 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 a solar system is 2.53 per watt. Because a 5.3-kW system is needed to cover the energy usage of a typical home in Vero Beach South, the average price of going solar will be about $9,422 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Vero Beach South can save around $22,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Vero Beach South that can help you get a more accurate cost estimate for your home.
Solar savings over time in Vero Beach South
| Year | Return on Investment |
|---|---|
| 1 years | $-8,057 |
| 3 years | $-5,309 |
| 5 years | $-2,562 |
| 7 years | $185 |
| 9 years | $2,932 |
| 11 years | $5,679 |
| 13 years | $8,427 |
| 15 years | $11,174 |
| 17 years | $13,921 |
| 19 years | $16,668 |
| 21 years | $19,416 |
| 23 years | $22,163 |
| 25 years | $24,910 |
Top Solar Installers in Vero Beach South
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you'd like to make the switch to solar but still aren't sure which solar company to go with, here are our suggestions 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 South
Factors that Affect Solar Panel Costs in Vero Beach South
Even though the average cost of a solar system in Vero Beach South is $9,422, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,530. The type of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that have higher efficiency, 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 looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Vero Beach South, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Vero Beach South, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $23,837 | 7.9 years |
| 8 kW | $2.58 | $14,451 | $32,066 | 7.8 years |
| 10 kW | $2.53 | $17,710 | $40,437 | 7.6 years |
| 12 kW | $2.48 | $20,827 | $48,950 | 7.5 years |
| 14 kW | $2.43 | $23,802 | $57,604 | 7.3 years |
| 16 kW | $2.38 | $26,636 | $66,400 | 7.2 years |
| 18 kW | $2.33 | $29,328 | $75,337 | 7.0 years |
| 20 kW | $2.28 | $31,878 | $84,416 | 6.9 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should go with, since different companies have different panels.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
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 South, FL Solar Cost FAQs
What is the average cost of installing solar panels in Vero Beach South?
The average cost of solar panels in Vero Beach South 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 type 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?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Vero Beach South?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 how much 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 account for 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.