Solar Panel Cost Guide in Hoosick, NY (2023 Update)
- Hoosick Solar Installation Cost: $9,421
- 25-Year Savings: $6,504
- Payback Period: 14.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Hoosick
We go over average solar pricing in Hoosick.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hoosick, the average cost of solar panels is 2.95 per watt. Because a 4.6-kW system is needed to cover the energy consumption of a typical home in Hoosick, the average price of going solar will be about $9,416 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Hoosick homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Hoosick find investing in solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hoosick
| Year | Return on Investment |
|---|---|
| 1 years | $-9,368 |
| 3 years | $-9,262 |
| 5 years | $-9,156 |
| 7 years | $-9,049 |
| 9 years | $-8,943 |
| 11 years | $-8,837 |
| 13 years | $-8,731 |
| 15 years | $-8,625 |
| 17 years | $-8,519 |
| 19 years | $-8,412 |
| 21 years | $-8,306 |
| 23 years | $-8,200 |
| 25 years | $-8,094 |
Top Solar Installers in Hoosick
Although you can install solar panels on your own, it takes extra labor and expertise. Because of that, most homeowners choose to hire a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Hoosick:
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 Hoosick
Factors that Affect Solar Panel Costs in Hoosick
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Hoosick: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Hoosick. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Hoosick, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Hoosick homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, 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 figure out the cost of solar for your home or business in Hoosick is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $8,059 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $11,075 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,257 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,604 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,116 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,793 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,636 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,644 | 13.3 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
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 Hoosick, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hoosick?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 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 usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important 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.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $698.14 per year.
How long do solar panels last in Hoosick?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.