Tesla, mostly known for its electric cars, has recently revamped its solar business with new pricing and products, like the solar roof tiles, also known as Solarglass. Contact online >>
Tesla, mostly known for its electric cars, has recently revamped its solar business with new pricing and products, like the solar roof tiles, also known as Solarglass.
The company has grabbed many headlines for its Solar Roof, which is a great product if you need to have your roof replaced relatively soon or are doing new construction.
Commodity panels are more efficient and economical if your roof is still good for another 10+ years. Adding solar panels will actually increase the life of your roof and keep it cooler.
Tesla bought its way into the rooftop solar installation business through its acquisition of SolarCity back in 2016 and over the next few years, it completely revamped the business model.
Since 2019, it is fully integrated into Tesla’s own operations and it now offers more competitive pricing and greater quality products. It has done this with a less customized, more commoditized approach.
With the new prices, Tesla''s "Small" system costs $2.44 per watt, "Medium" is $1.95 per watt, and "Large" and "Extra Large" are $1.93 per watt and $1.84 per watt, respectively.
All those prices are before the federal tax credit which currently is at 26% and will drop to 22% in 2021. That’s off from a high of 30% for the past few years.
The financial benefits will change depending on your local electricity rates, but the cost of solar has gone down enough that it is financially viable in most markets.
Outright buying the system from Tesla is ideal to optimize saving over time, but if you don’t want to have to take a loan or have a big upfront cost, you can also use Tesla’s solar subcription service starting at just $50 per month:
In order to reduce costs, Tesla is asking a little bit more out of homeowners ahead of an official quote and installation. They will ask to send some pictures of your house and things like your electrical panel in order to learn more about your needs.
We suggest using our partner Understand Solar (click here) who compares many installers in your area. You enter the same information that Tesla is asking and they will match you with a top solar installer in your region who will give you a quote for free.
After having both the Tesla quote and one from another supplier, you can negotiate the best deal and decide with which company you prefer to do business before you give the green light for the installation.
Tesla has commoditized the solutions a little more than local installers, who might be able to add some extra panels or give extra options, usually at a higher price.
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