Solar Panel Cost Guide in Viera West, FL (2023 Update)
- Viera West Solar Installation Cost: $8,926
- 25-Year Savings: $21,262
- Payback Period: 7.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Viera West
Find out what the average cost of solar panels are in Viera West.
In Viera West, solar panels cost about 2.53 per watt on average. Using this figure, a typical 5.0-kW system would cost about $8,926 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Viera West depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire. Despite the significant upfront cost, the average Viera West homeowner can save about $23,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free quote from a highly rated solar company in Viera West, you can click the button below.
Solar savings over time in Viera West
| Year | Return on Investment |
|---|---|
| 1 years | $-7,718 |
| 3 years | $-5,303 |
| 5 years | $-2,888 |
| 7 years | $-473 |
| 9 years | $1,942 |
| 11 years | $4,357 |
| 13 years | $6,772 |
| 15 years | $9,187 |
| 17 years | $11,602 |
| 19 years | $14,017 |
| 21 years | $16,432 |
| 23 years | $18,847 |
| 25 years | $21,262 |
Top Solar Installers in Viera West
When going solar, many homeowners decide to hire a solar company since overseeing your solar installation yourself can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your family.
If you're looking for a solar installer in Viera West, the EcoWatch team has organized 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
See all of the solar companies in Viera West
Factors that Affect Solar Panel Costs in Viera West
Even though the average cost of a solar system in Viera West is $8,926, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Viera West, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,530 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Viera West homeowners choose to finance their solar panel systems to make going solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, 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 consideration when trying to estimate the cost of solar for your home or business in Viera West is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fits within 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 | $24,899 | 7.7 years |
| 8 kW | $2.58 | $14,451 | $33,482 | 7.5 years |
| 10 kW | $2.53 | $17,710 | $42,206 | 7.4 years |
| 12 kW | $2.48 | $20,827 | $51,073 | 7.2 years |
| 14 kW | $2.43 | $23,802 | $60,080 | 7.1 years |
| 16 kW | $2.38 | $26,636 | $69,230 | 6.9 years |
| 18 kW | $2.33 | $29,328 | $78,521 | 6.8 years |
| 20 kW | $2.28 | $31,878 | $87,954 | 6.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a solid 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Viera West, FL Solar Cost FAQs
What is the average cost of installing solar panels in Viera West?
The average cost of solar panels in Viera West 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Viera West?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Viera West?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.