How Much do Tesla Solar Panels Cost?

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here If you want to learn about Solar...

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here

If you want to learn about Solar Panels, to advise you before buying or to build your own Solar Panel: Click Here

Tesla is known for leading the electric vehicle Market but did you know that they also sell solar panels there are many benefits of going solar and going with an industry-leading company like Tesla in this video we are going to go over exactly how much you can expect to pay for solar panels from Tesla here at the energy Professor we want to give you the information that you need to not only save money on your energy bill but to also become more energy efficient we hope you find this video helpful be sure to check out our solar panel tool in the description below to calc Cal how much you could be saving at your address by switching to solar panels all you need to do is enter your home or business address select your property type then select your estimated average monthly electric bill and that's it our tools will calculate The Upfront cost after incentives 20-year benefits tax incentives the total 20-year savings and how many years it will take for you to get paid back from installing your panels you will also be able to see the savings no matter if you're looking to buy lease or loan your solar panel system you can get all of this plus a free quote over at the energyprof tocom Tesla has become a major player in the solar energy Market offering competitively priced solar panel systems that combine Sleek Aesthetics with reliable performance on average a Tesla solar panel system cost $1,255 before incentives however with the federal solar tax credit the cost can drop significantly to around $1,518 making Tesla's offering an attractive choice for homeowners but let's break down the cost of Tesla solar panels a little bit more in depth a Tesla solar panel system typically will cost $250 per watt to install a figure that will vary based on location and installation method if Tesla directly installs the system costs are often lower alternatively if one of Tesla's certified contractors handles the installations expect a slightly higher price due to contractor specific fees the size of the system you choose depends on your energy needs and the available space on your roof but let's compare the cost of a different system sizes before applying any incentives for a 4.5 kwatt system before incentives you can expect to pay $1,125 with an estimated monthly electric Savings of $60 for a 6.1 KW system a cost before incentive is $15,251.86 incentives is $24,300 and your estimated monthly electric savings is $170 for an 11.34 kilowatt system your cost before incentives is $ 28,35 and you could expect a monthly savings of about $199 and finally for a 13.77 Kow system the cost before incentives is $ 34,42 and you can expect an estimated monthly electric Savings of $241 now that you know the cost of Tesla solar panels let's discuss some of the best solar incentives that apply to a Tesla solar system one of the most significant incentives for solar panels in the US is the federal solar tax credit this reduces your total system cost by 30% for example on a 6.1 kwatt Tesla system costing $5,256 lowering the price to $1,518 in addition to the federal tax credit many States cities and utility companies offer their own rebates and incentives these might include cash rebates property tax exemptions or net metering programs which allow you to sell excess electricity back to the grid if you're leaning towards a solar loan option Tesla offers its own financing options for solar panels allowing you to go Solar without needing The Upfront cash here are some of the Tesla loan terms there are no additional dealer fees you can choose between a 10 or a 15-year repayment term and your interest rate or your APR starts at around 7.5% though the exact rate will depend on your credit score but there are some impacts of a higher interest rate the current aprs are around 7.5% are higher than they were a year ago due to Rising interest rates despite this Tesla's financing still offers a solid payback period for solar Investments we recommend comparing your financing options Tesla's APR may seem higher compared comped to other solar panel loans and many traditional solar loans include dealer fees in the principle to lower the advertised APR When comparing loans consider some of the factors like the principal amount this is the total loan of the amount that you're borrowing the APR which is the annual percentage rate which affects the overall cost and your monthly payments how much you will be paying each month out of pocket Tesla solar panels do make a lot of sense the panels themselves are good quality and Tesla's low pricing is hard to resist Tesla solar panels are often a cost-effective and eco-friendly way to reduce your electric bills while The Upfront cost may seem significant Federal and local incentives can make solar energy more accessible to everyone over time the saving on the monthly electric bills and the increase in your home's value can more than justify the investment and if you're looking for more ways to increase the Energy Efficiency and sustainability in your home be sure to take a look at all the latest renewable energy options in your area the energy Professor helps residential and small business owners find Qualified energy suppliers in New York New Jersey Pennsylvania Texas Ohio Maryland Illinois and Massachusetts thank you so much for watching happy savings and we'll see you in the next video [Music] ...

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