Solar Panel Cost Guide in Hudson Falls, NY (2024 Update)
- Hudson Falls Solar Installation Cost: $11,763
- 25-Year Savings: $6,700
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Hudson Falls
Find out what the average cost of solar panels are in Hudson Falls.
The national average cost of solar panels is $2.66 per watt, but in Hudson Falls it’s 4 per watt.The average Hudson Falls homeowner needs a 4.6-kilowatt system, which would cost about $11,763 with the federal tax credit, or $16,821 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find installing solar panels is a solid investment. The average homeowner in Hudson Falls can save around $13,000 on their power bills over 20 years.
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 Hudson Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-10,854 |
| 3 years | $-9,037 |
| 5 years | $-7,220 |
| 7 years | $-5,403 |
| 9 years | $-3,586 |
| 11 years | $-1,769 |
| 13 years | $48 |
| 15 years | $1,866 |
| 17 years | $3,683 |
| 19 years | $5,500 |
| 21 years | $7,317 |
| 23 years | $9,134 |
| 25 years | $10,951 |
Top Solar Installers in Hudson Falls
Installing solar panels by yourself can be a difficult project, which is why hiring a solar installation company is a good option for many homeowners. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Falls
Factors that Affect Solar Panel Costs in Hudson Falls
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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Hudson Falls average.
Solar Financing Terms
Most solar installers in Hudson Falls have solar loans, which reduce your upfront costs of installing solar.Although solar loans make adopting solar energy more accessible for Hudson Falls homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact your pricing. Hudson Falls’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access 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 | $3.80 | $15,943 | $5,178 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,313 | 18.5 years |
| 10 kW | $3.65 | $25,550 | $9,653 | 18.1 years |
| 12 kW | $3.58 | $30,047 | $12,196 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,944 | 17.4 years |
| 16 kW | $3.43 | $38,427 | $17,897 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $21,054 | 16.7 years |
| 20 kW | $3.29 | $45,990 | $24,415 | 16.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before making your decision.
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 Falls, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hudson Falls?
The average cost of solar panels in Hudson Falls is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.