Solar Panel Cost Guide in Hudson Falls, NY (2023 Update)
- Hudson Falls Solar Installation Cost: $9,499
- 25-Year Savings: $6,708
- Payback Period: 14.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hudson Falls
Find out what the average cost of installing solar panels is in Hudson Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hudson Falls, the typical cost of solar panels is 2.95 per watt. The average Hudson Falls homeowner needs a 4.6-kilowatt system, which would cost about $9,499 with the federal tax credit, or $13,584 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely look different based on your specific situation and what company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $13,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Hudson Falls for a quote for your home.
Solar savings over time in Hudson Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-8,851 |
| 3 years | $-7,554 |
| 5 years | $-6,258 |
| 7 years | $-4,961 |
| 9 years | $-3,664 |
| 11 years | $-2,368 |
| 13 years | $-1,071 |
| 15 years | $225 |
| 17 years | $1,522 |
| 19 years | $2,818 |
| 21 years | $4,115 |
| 23 years | $5,411 |
| 25 years | $6,708 |
Top Solar Installers in Hudson Falls
Trying to put up solar panels on your own can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, especially if you don't quite know what kind of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Falls
Factors that Affect Solar Panel Costs in Hudson Falls
The cost of installing a solar system in Hudson Falls can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Hudson Falls, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Hudson Falls homeowners choose to finance their solar panel systems to offset upfront costs. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Hudson Falls, and each can charge different amounts for labor and equipment. Additionally, some companies in Hudson Falls know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $8,236 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,312 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,553 | 14.7 years |
| 12 kW | $2.89 | $24,284 | $17,959 | 14.4 years |
| 14 kW | $2.83 | $27,754 | $21,530 | 14.1 years |
| 16 kW | $2.77 | $31,058 | $25,266 | 13.8 years |
| 18 kW | $2.71 | $34,196 | $29,168 | 13.5 years |
| 20 kW | $2.66 | $37,170 | $33,235 | 13.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Falls, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hudson Falls?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Hudson Falls?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Hudson Falls?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.