Solar Panel Cost Guide in Hoosick, NY (2024 Update)
- Hoosick Solar Installation Cost: $11,657
- 25-Year Savings: $6,504
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Hoosick
Find out how much it might cost to make the switch to solar in Hoosick.
The national average cost of solar panels is $2.66 per watt, but in Hoosick it’s 4 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 $11,657 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Hoosick homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $13,000 over 20 years on power bills.
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 | $-10,776 |
| 3 years | $-9,014 |
| 5 years | $-7,252 |
| 7 years | $-5,489 |
| 9 years | $-3,727 |
| 11 years | $-1,965 |
| 13 years | $-203 |
| 15 years | $1,559 |
| 17 years | $3,321 |
| 19 years | $5,083 |
| 21 years | $6,845 |
| 23 years | $8,607 |
| 25 years | $10,369 |
Top Solar Installers in Hoosick
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make switching to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar installer in Hoosick, the EcoWatch team has put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Hoosick
Factors that Affect Solar Panel Costs in Hoosick
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,650. The type of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to decide on 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 for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hoosick to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.Although solar loans make switching to solar energy more accessible for Hoosick homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $3.80 | $15,943 | $5,001 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,077 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,357 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,841 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,530 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,424 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,522 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,824 | 16.5 years |
How to Save on Solar Panels
There are many companies available in Hoosick, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The kind of solar panel you need plays a part in which installer you should go with, since different companies offer different panels.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Hoosick, NY Solar Cost FAQs
How much does it cost to install solar panels in Hoosick?
The average cost of solar panels in Hoosick is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Hoosick?
Solar panels aren’t free in Hoosick, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Hoosick?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a 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 cover 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.