1. You'll need a reflector. IMO make it an air-cooled hood.
2. Get a 600W dimmable. Just in case you decide you're running too hot.
3. 1500 is a decent budget. Strongly consider purchasing T5 lighting for clones and vegging.
hey moebius!
I'd like to add my two cents - i agree with moebius, get an air cooled hood and hook a fan up to it, a separate fan from the intake fan if at all possible (and obviously not the filter fan, because this would defeat the point of pulling through the filter, unless you get one of those new inline filters and put it after the reflector, but I don't suggest it), this way you can run HID in your tent. and also agree with the rating - go with 600 watts, get a lumatek, they're great, silent, they have a fan attachment accessory to help cool them but I would keep it outside the tent to reduce heat. they're dimmable and also have a 'super lumens' switch, haha. the 600 is like 250.
Also add as many oscillating fans as you can in your tent, this will help temperature, keep down humidity and help avoid mold, as well as strengthen your plants and increase yield! think of all the wind you've experienced growing outside, that was actually beneficial.
As far as T5's go - there's two kinds of housings, the T5 designer ones that are expensive as hell, and then there's third party ones - those are all you need and like half the price. But I use regular old daylight fluorescent bulbs from home depot and got the housings there too. cost me a fraction of buying the horticulture stuff. i only use them while my clones are in the cloner, or while my seedlings are waiting to grow their second leaf set. as soon as clones are potted they go under 600 watt metal halide, 3 feet away. after a few days you can move the light a foot closer. same thing with the seedlings, after their second leaf set grows they go under a 600 metal halide, but this time from 4 feet away, i wait about a week after that before moving the light closer. Trust me, you will cut your veg time down a lot going to HID so quickly, and if you do it right your plants will love you and just grow fast as hell. here's a link to a grow of mine with some pics of cuttings grown this way -
https://www.rollitup.org/advanced-marijuana-cultivation/547649-growing-lotsss-miniature-plants-7x7x9-2.html#post7752207
Lastly - given that your budget is only 1500 and you haven't said anything about nutrients, and it's your first indoor grow, i'd scratch the hydro setup and stick with soil, if you know soil from outside you'll be better off, and you can use the money instead to buy great nutrients and pesticides / fungicides!
cheers
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-j