Solar Panel Cost Guide in West Vero Corridor, FL (2023 Update)
- West Vero Corridor Solar Installation Cost: $9,422
- 25-Year Savings: $22,337
- Payback Period: 7.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in West Vero Corridor
Find out what the average cost of solar panels are in West Vero Corridor.
The average cost of a solar system in West Vero Corridor is 2.53 per watt. To account for the typical energy needs of the average home in West Vero Corridor, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs about $9,422, or $13,473 before the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will look different based on factors unique to your home and what company you go with. Many homeowners find going solar is a rewarding investment. The average homeowner in West Vero Corridor can save about $23,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in West Vero Corridor
| Year | Return on Investment |
|---|---|
| 1 years | $-8,151 |
| 3 years | $-5,611 |
| 5 years | $-3,070 |
| 7 years | $-529 |
| 9 years | $2,011 |
| 11 years | $4,552 |
| 13 years | $7,093 |
| 15 years | $9,634 |
| 17 years | $12,174 |
| 19 years | $14,715 |
| 21 years | $17,256 |
| 23 years | $19,796 |
| 25 years | $22,337 |
Top Solar Installers in West Vero Corridor
Many homeowners choose to use a solar panel company since trying to put up solar panels on your own can be time-consuming. Companies can also provide access to quality options of the best solar panels and help you choose which one will be right for your family.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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 West Vero Corridor
Factors that Affect Solar Panel Costs in West Vero Corridor
The cost of installing a solar system in West Vero Corridor can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need, 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 brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater 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 West Vero Corridor homeowners opt to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in West Vero Corridor, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $24,734 | 7.7 years |
| 8 kW | $2.58 | $14,451 | $33,262 | 7.6 years |
| 10 kW | $2.53 | $17,710 | $41,932 | 7.4 years |
| 12 kW | $2.48 | $20,827 | $50,743 | 7.3 years |
| 14 kW | $2.43 | $23,802 | $59,697 | 7.1 years |
| 16 kW | $2.38 | $26,636 | $68,791 | 7.0 years |
| 18 kW | $2.33 | $29,328 | $78,028 | 6.8 years |
| 20 kW | $2.28 | $31,878 | $87,406 | 6.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
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 West Vero Corridor, FL Solar Cost FAQs
What is the average cost of installing solar panels in West Vero Corridor?
The average cost of solar panels in West Vero Corridor 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 like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in West Vero Corridor?
You can't get solar panels for free in West Vero Corridor. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even 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 choose to replace them once you've had 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.