Solar Panel Cost Guide in West Vero Corridor, FL (2024 Update)

  • West Vero Corridor Solar Installation Cost: $11,965
  • 25-Year Savings: $22,328
  • Payback Period: 9.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in West Vero Corridor

We go over average solar pricing in West Vero Corridor.

The national average cost of solar panels is $2.66 per watt, but in West Vero Corridor it’s 3 per watt.The average solar panel system size in West Vero Corridor 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.

The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in West Vero Corridor see about $23,000 in savings on utility bills over 20 years.

To get a free estimate from a highly rated solar company in West Vero Corridor, you can click the button below.

Solar savings over time in West Vero Corridor

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 West Vero Corridor

DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make your switch to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in West Vero Corridor, optimizing your ROI.

If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,210.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like West Vero Corridor, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for solar panels in cash is difficult, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for West Vero Corridor homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in West Vero Corridor, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 $21,764 9.8 years
8 kW $3.27 $18,336 $29,378 9.6 years
10 kW $3.21 $22,470 $37,172 9.4 years
12 kW $3.15 $26,425 $45,146 9.2 years
14 kW $3.08 $30,200 $53,299 9.0 years
16 kW $3.02 $33,795 $61,632 8.9 years
18 kW $2.95 $37,210 $70,145 8.7 years
20 kW $2.89 $40,446 $78,838 8.5 years

How to Save on Solar Panels

The solar company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:

  • Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
  • Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
  • Solar Panel Brands: The kind of solar panel you want plays a part in which company you should go with, since different companies have access to different panels.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

How much does it cost to install solar panels in West Vero Corridor?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

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 install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

Do solar panels increase how much your home is worth?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in West Vero Corridor is currently $542,437, which means you could be looking at a value of about $22,240 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in West Vero Corridor is a rewarding investment.

How long do solar panels last in West Vero Corridor?

Although 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 their energy production will have decreased significantly after that point. You can decide 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.

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