Solar Panel Cost Guide in Hoosick Falls, NY (2023 Update)
- Hoosick Falls Solar Installation Cost: $9,421
- 25-Year Savings: $6,082
- Payback Period: 15.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hoosick Falls
Find out what the average cost of solar panels are in Hoosick Falls.
Although the national average of solar panels is $2.66 per watt, solar panels in Hoosick Falls typically cost about 2.95. The average Hoosick Falls homeowner needs a 4.6-kilowatt system, which would cost about $9,416 with the federal tax credit, or $13,465 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will differ based on the amount of energy your home requires and what company you go with. With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Hoosick Falls find installing solar panels has a decent ROI.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hoosick Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-9,369 |
| 3 years | $-9,266 |
| 5 years | $-9,163 |
| 7 years | $-9,059 |
| 9 years | $-8,956 |
| 11 years | $-8,853 |
| 13 years | $-8,749 |
| 15 years | $-8,646 |
| 17 years | $-8,543 |
| 19 years | $-8,439 |
| 21 years | $-8,336 |
| 23 years | $-8,232 |
| 25 years | $-8,129 |
Top Solar Installers in Hoosick Falls
Many homeowners decide to hire a solar panel company since trying to put up solar panels yourself can be challenging. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your home.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Falls
Factors that Affect Solar Panel Costs in Hoosick Falls
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Hoosick Falls: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Hoosick Falls homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your total costs, so it's important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to 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 promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $7,503 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,335 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,332 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,494 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,821 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,313 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,971 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,793 | 13.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: When making the switch to solar, it's important to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
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 Falls, NY Solar Cost FAQs
How much does it cost to install solar panels in Hoosick Falls?
The average cost of solar panels in Hoosick Falls is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Hoosick Falls have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.