Solar Panel Cost Guide in Hudson, NY (2023 Update)
- Hudson Solar Installation Cost: $9,169
- 25-Year Savings: $8,501
- Payback Period: 13.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hudson
We go over average solar pricing in Hudson.
The national average cost of solar panels is $2.66 per watt, but in Hudson it's 2.95 per watt. The average Hudson homeowner needs a 4.4-kilowatt system, which would cost about $9,169 with the federal tax credit, or $13,112 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Hudson homeowners. 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. Despite the high upfront cost, the average Hudson homeowner can save about $15,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free quote from a highly rated solar installer in Hudson, you can click the button below.
Solar savings over time in Hudson
| Year | Return on Investment |
|---|---|
| 1 years | $-7,905 |
| 3 years | $-5,379 |
| 5 years | $-2,853 |
| 7 years | $-326 |
| 9 years | $2,200 |
| 11 years | $4,727 |
| 13 years | $7,253 |
| 15 years | $9,779 |
| 17 years | $12,306 |
| 19 years | $14,832 |
| 21 years | $17,359 |
| 23 years | $19,885 |
| 25 years | $22,411 |
Top Solar Installers in Hudson
Installing solar panels on your own can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a professional solar company 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 Hudson
Factors that Affect Solar Panel Costs in Hudson
The cost of installing a solar system in Hudson can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, 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 nearly $2,950. There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Hudson have solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $10,992 | 13.5 years |
| 8 kW | $3.01 | $16,850 | $14,986 | 13.2 years |
| 10 kW | $2.95 | $20,650 | $19,145 | 13.0 years |
| 12 kW | $2.89 | $24,284 | $23,470 | 12.7 years |
| 14 kW | $2.83 | $27,754 | $27,960 | 12.5 years |
| 16 kW | $2.77 | $31,058 | $32,615 | 12.2 years |
| 18 kW | $2.71 | $34,196 | $37,435 | 11.9 years |
| 20 kW | $2.66 | $37,170 | $42,421 | 11.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- 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.
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 Hudson, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hudson?
This is a tough question to answer precisely, because the cost depends on a variety of 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Hudson?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Hudson?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.