Solar Panel Cost Guide in Hudson, NY (2024 Update)
- Hudson Solar Installation Cost: $11,344
- 25-Year Savings: $8,501
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Hudson
Let’s have a look at the average cost of solar in Hudson.
The average cost of solar panels in Hudson is 4 per watt.To account for the typical energy usage of the average home in Hudson, most homeowners require a 4.4-kilowatt system. Using the figure above, a solar installation costs around $11,344, or $16,222 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Hudson homeowner. The price 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.Many homeowners find going solar is a solid investment. The average homeowner in Hudson can save around $15,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized estimate.
Solar savings over time in Hudson
| Year | Return on Investment |
|---|---|
| 1 years | $-10,081 |
| 3 years | $-7,555 |
| 5 years | $-5,028 |
| 7 years | $-2,502 |
| 9 years | $25 |
| 11 years | $2,551 |
| 13 years | $5,077 |
| 15 years | $7,604 |
| 17 years | $10,130 |
| 19 years | $12,657 |
| 21 years | $15,183 |
| 23 years | $17,709 |
| 25 years | $20,236 |
Top Solar Installers in Hudson
Putting up solar panels on your own can be a difficult task, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 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 most significant 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 panel system you need for your home, 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 brand of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond 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 researching a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hudson to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence your pricing. Hudson’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fit into your budget.
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 | $7,934 | 16.7 years |
| 8 kW | $3.72 | $20,849 | $10,988 | 16.4 years |
| 10 kW | $3.65 | $25,550 | $14,245 | 16.1 years |
| 12 kW | $3.58 | $30,047 | $17,708 | 15.7 years |
| 14 kW | $3.50 | $34,339 | $21,374 | 15.4 years |
| 16 kW | $3.43 | $38,427 | $25,245 | 15.1 years |
| 18 kW | $3.36 | $42,311 | $29,321 | 14.8 years |
| 20 kW | $3.29 | $45,990 | $33,601 | 14.4 years |
How to Save on Solar Panels
The solar installer you go with will impact 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 a few important things you should take into account, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Hudson, NY Solar Cost FAQs
How much does it cost to install solar panels in Hudson?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality 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 cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hudson is currently $385,996, which means you can look forward to a value of about $15,826 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hudson is a rewarding investment.
How long do solar panels last in Hudson?
Though 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 decide 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.