Solar Panel Cost Guide in Hudson Falls, NY (2024 Update)
- Hudson Falls Solar Installation Cost: $11,763
- 25-Year Savings: $6,700
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Hudson Falls
Find out what the average cost of solar panels are in Hudson Falls.
The national average cost of solar panels is $2.66 per watt, but in Hudson Falls it’s 4 per watt.To account for the typical energy usage of the average home in Hudson Falls, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,763, or $16,821 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will differ based on your specific situation and what company you want to go with.With average savings of about $13,000 on utility bills over 20 years, many homeowners in Hudson Falls find investing in solar can be quite rewarding.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Hudson Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-10,854 |
| 3 years | $-9,037 |
| 5 years | $-7,220 |
| 7 years | $-5,403 |
| 9 years | $-3,586 |
| 11 years | $-1,769 |
| 13 years | $48 |
| 15 years | $1,866 |
| 17 years | $3,683 |
| 19 years | $5,500 |
| 21 years | $7,317 |
| 23 years | $9,134 |
| 25 years | $10,951 |
Top Solar Installers in Hudson Falls
When switching to solar energy, many homeowners choose to go with a solar installer since DIY solar panel installation can be a time-consuming project. The payback period of solar panels will vary based on factors like your roof configuration and energy use, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Hudson Falls
Factors that Affect Solar Panel Costs in Hudson Falls
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Hudson Falls: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,650 per kilowatt in Hudson Falls.The brand of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond 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 into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hudson Falls to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only 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 solar panel installation company you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk 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 | $3.80 | $15,943 | $5,178 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,313 | 18.5 years |
| 10 kW | $3.65 | $25,550 | $9,653 | 18.1 years |
| 12 kW | $3.58 | $30,047 | $12,196 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,944 | 17.4 years |
| 16 kW | $3.43 | $38,427 | $17,897 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $21,054 | 16.7 years |
| 20 kW | $3.29 | $45,990 | $24,415 | 16.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- 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.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Hudson Falls, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hudson Falls?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase your home value?
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 Hudson Falls is currently $212,746, so you can look forward to a value of about $8,723 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hudson Falls is a worthwhile investment.
How many solar panels do I need to power 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 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 install 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.