It will be perfect for you. Just make sure you have PLENTY of ventilation. If you don't have the ability to keep the area cool, you would be better off with a lower watt light.
You can get the same yeild from a 400watt light with great conditions that you can get from a 1000watt light in crappy conditions. It is more the environment than it is the lights. To some extent anyway.
I run a 465cfm blower for exhaust. And my 600watt is air cooled with a crappy booster fan. (I'm upgrading that in about 7 weeks, don't buy one those to cool your hood.) My temps right now stay around 4-6 degrees above ambient and the room my stuff is in stays about 4-7 degrees hotter than the rest of the house.
So you have to figure, with a 1000watt light, using this same setup, my temps would probably be more like 8-10 degrees warmer than ambient, and the room would be closer to 7-10 degrees warmer.
With this in mind, to keep you cab below 85degrees, about the max you want to go, you need to keep your room, which is warmer than your house, at like 75degrees at the most. Many times this is difficult in the summer. Especially using central air, which would need to be set near 65 degrees.
Just keep these things in mind when shopping for lights, hoods and fans. Remember that a fan "rated" for a certain size room, is "rated" at that because it can exchange enough air to keep fresh air in the room. It is not saying it can keep that room cool enough to grow in. Spending more money on a quality air cooled hood and a quality, oversized fan will save you a lot of money in the long run, and your plants will thank you.