Buy Tesla Solar Roof
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The Tesla Solar Roof is a seamless way of integrating Solar PV technology into homes across the globe. Available in 4 different styles (Textured, Smooth, Tuscan or Slate), Tesla have cleverly manufactured a Solar Panel, that looks exactly like an ordinary roof tile. Each roof tile includes a highly-efficient solar cell, which has been developed in partnership with Panasonic, to work just the same way as a Solar Panel does.
In the long run, Tesla declares that their solar roof will work out cheaper than a regular roof. Due to its ability to generate electricity from a free energy source (the sun). This makes the Tesla solar roof tile perfect for homeowners who want to power their home using solar energy in style.
This new offering would complete his trifecta: Solar power-generating tiles on every roof, a battery in every home, and an electric car in every garage. Modern clean-energy living, independent of the grid.
When pressed about his system's price tag, Musk was troublingly vague. "[He] said that someone who buys a Tesla roof will save money compared with someone who buys a comparable traditional roof plus electricity from the grid," Bloomberg reports, calling Musk's math "squishy" since new roofs range between $7,000 and $70,000.
Other companies like Dow have actually attempted solar panels that double as rooftop shingles before and wound up crashing against the hard realities of cost and efficiency and market competition. (Though some others have managed to eke out niche markets.) "It's been a tough field to enter into with essentially no success stories," David Fenning, a University of California-San Diego professor and solar researcher, told CNN Money. "The challenge with solar comes down to cost. You want to be squeezing out every 0.1 percent in efficiency."
So what would it take for Tesla's solar roofs to attract a critical mass of consumers? Their cost is probably going to have to be in the ballpark of, and hopefully lower than, the average electricity bill. That's the gold standard for solar panels.
The good news for Tesla is that, by all accounts, battery prices are dropping fast. In 10 years we should be at or near $150 per kWh, at which point a 30 kWh or even 60 kWh plus Tesla's solar tiles should be a competitive purchase for any home, in need of a new roof or not. In fact, Tesla thinks it can get to that target even faster, once their "gigafactory" is up and running and producing batteries at mass scale.
Tesla's Solar Roof, like other solar roof tiles, is an innovative system of specially engineered roofing tiles or shingles. Unlike conventional solar PV panels that are mounted onto an existing roof, a solar roof acts as a direct replacement for existing roof coverings.
Tesla's Solar Roof consists of two main types of textured glass tile shingles. The first is purely decorative and is termed "inactive." These look exactly the same as the second kind, called "Active", to ensure a uniform look of the finished roof.
The "Active" shingles are effectively small, shingle-sized solar panels that are integrated into the main roof surface in strategic places to maximize their efficiency. In most cases, most of the south or west-facing areas of a roof will consist of "Active" shingles, with the rest of the surface consisting of the visually similar "Inactive" shingles.
"Active" shingles, like conventional solar panels, will also be fitted as close to the best angle of incidence to the Sun's rays throughout the year. In the northern hemisphere, this is as close to a 60 degrees inclination as possible, which, on most domestic homes is around 30-45 degrees, depending on the pitch of your existing roof.
According to data from actual Tesla quotes, their Solar Wall system costs approximately $1.80 per generated watt of electricity for their "Active" shingles. The cost of their "Inactive" shingles then varies depending on the complexity of the roof in question.
For "simple" roofs, i.e., basic pitched roofs start at around $13.30 per square foot. For more tricky roofs like hipped roofs or multiple-level roofs, these shingles should cost about $15.30 per square foot. For more complex roofs (i.e. cross-gabled, steep or variable pitched, multiple heights, or lots of obstacles), costs could be as high as $18.54 per square foot.
Just like any solar energy installation, the actual cost will vary depending on the size of roof coverage, location, and construction of the building. Smaller pitched roofs on a single-story home will be considerably cheaper than a large complex roof on a multi-story building, for example.
This is for a variety of reasons, but chief among them are additional costs for access equipment to higher roofs or increased time in labor to design and install the roof on larger and more complex roofs like cross-gabled roofs.
This, according to Tesla's estimates, should be able to produce for this hypothetical home, somewhere in the order of 12,800 kWh/year, or roughly 100% of the building's electrical energy consumption. You also get the added bonus (for additional cost) of energy storage with this system, which is a considerable advantage over some conventional domestic solar panel arrays.
Another estimate for a 1,700 ft2 (158m2) roof in California with an electrical bill of $150 per month came in at $39,000 before incentives for a 6.13-kilowatt system. It should be noted that this quote was generated in 2022 and for a different state, so costs likely vary for that reason.
To put that into perspective, installing a similarly sized conventional solar panel array would cost around $26,000 before incentives. Using the same statistics as above would give you an equitable payback of between 15 and 22 years, depending on tax incentives.
Any and all costs for such installations should also include any planning and design work required prior to the installation. This will not only ensure the costings are as accurate as possible but also discover if your existing roof is appropriate for such an installation.
Since Tesla has only been producing and installing its solar roofs since around 2018, there are no real-life statistics for the longevity of the solar tiles. However, Tesla offers a 25-year tile warranty as standard. This is also the standard warranty length for a traditional solar array.
For reference, the most common types of roofing in the USA are concrete tiles, asphalt shingles, manmade slates, or ceramic tiles. Of these, asphalt shingles are by far the most common, and they typically have a life expectancy of 15 to 25 years.
Once you've committed to the process, you'll pay a deposit and then receive a virtual assessment to ensure your home (and roof) are appropriate for the system. You may also need to submit some electrical bills and other details about your property.
After that, the next big hurdle is getting the installation signed off. This may require your utility company to visit, inspect the roof, and approve a connection to the grid. Again, timescales will vary and can range from one to five weeks. Waiting for any other permitting, inspections, and interconnection could take a few months.
While Tesla's Solar Roof is certainly an innovative take on the traditional PV solar panel, it is not without its downsides - like its cost and potential inefficiency for some homes. When compared to traditional PV systems, the economics of it don't really justify the higher cost.
Installing a solar power system in any capacity reduces your monthly electric bill, adds value to your home, and helps to keep our environment healthy. But with Tesla Solar Roof you can take advantage of all the benefits of renewable energy without sacrificing on aesthetics and curb appeal.
Disclaimer: This guide provides an overview of the federal investment tax credit for residential solar photovoltaics (PV). (See the Federal Solar Tax Credits for Businesses for information for businesses). It does not constitute professional tax advice or other professional financial guidance and may change based on additional guidance from the Treasury Department. Please see their published Fact Sheet for additional information. The below guide should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions, or when executing other binding agreements.
A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000. The federal tax credit is sometimes referred to as an Investment Tax Credit, or ITC, though is different from the ITC offered to businesses that own solar systems.
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar PV system paid for by the taxpayer. (Other types of renewable energy are also eligible for similar credits but are beyond the scope of this guidance.)
Under most circumstances, subsidies provided by your utility to you to install a solar PV system are excluded from income taxes through an exemption in federal law. When this is the case, the utility rebate for installing solar is subtracted from your system costs before you calculate your tax credit. For example, if your solar PV system installed in 2022 cost $18,000, and your utility gave you a one-time rebate of $1,000 for installing the system, your tax credit would be calculated as follows:
When your utility, or other buyer, gives you cash or an incentive in exchange for renewable energy certificates or other environmental attributes of the electricity generated (either upfront or over time), the payment likely will be considered taxable income. If that is the case, the payment will increase your gross income, but it will not reduce the federal solar tax credit. Note: A private letter ruling may not be relied on as precedent by other taxpayers.
Unlike utility rebates, rebates from state governments generally do not reduce your federal tax credit. For example, if your solar PV system was installed in 2022, installation costs totaled $18,000, and your state government gave you a one-time rebate of $1,000 for installing the system, your federal tax credit would be calculated as follows: 781b155fdc