Vanadium redox flow batteries (VRFBs) have been investigated for their potential utility as large energy storage systems due to their advantageous performances in terms of long cycle life, high energy efficiency, low cost, and flexible design. Carbon materials are typically used as electrodes in redox reactions and as a liquid electrolyte support. The activities, surface areas, and surface morphologies of porous carbon materials must be optimized to increase the redox flow battery performance. Here, to reduce the resistance in VRFBs, surface-modified carbon felt electrodes were fabricated, and their structural, morphological, and chemical properties were characterized. The surface-modified carbon felt electrode improved the cycling energy efficiencies in the VRFBs, from 65% to 73%, due to the improved wettability with electrolyte. From the results of impedances analysis with proposed fitting model, the electrolyte-coupled polarization in VRFB dramatically decreased upon modification of carbon felt electrode surface. It is also demonstrated that the compressibility of carbon felt electrodes was important to the VRFB polarization, which are concerned with mass transfer polarization. The impedance analysis will be helpful for obtaining better and longer-lived VRFB performances.