Category Archives: Solar Roofs

3 IN 1 ROOF Cost vs. Tesla Solar Roof

If you’re a solar power enthusiast, perhaps you’ve read about the solar roof system developed by a company called 3 IN 1 ROOF. It is expected to challenge the Tesla solar roof in the quest to become the market leader in building-integrated photovoltaic (BIVP) roof tiles for homes.

3 IN 1 ROOF – classic solar tile roof

via 3 IN 1 ROOF

Insulation + Hurricane Protection + Solar = 3 IN 1 ROOF

More on the head-to-head with Tesla later. First, we explore 3 IN 1 ROOF cost and what exactly this innovative roofing system is all about.

Cost

Right off the bat: A typical 3,000 sq. ft. BiPV solar roof system from 3 IN 1 ROOF is estimated to cost $71,120 installed, before tax credits and energy savings are taken into account. This translates to roughly $24 per sq. ft. installed.

Once solar tax credits and energy savings are taken into account, you get the following financial breakdown:

3,000 s.f. roof: $71,120 before solar tax credit. First year cash flow: $18,142 with about $2,600 of that being from energy savings. That leaves a tax credit of about $16,540 on the solar part.

For smaller-sized roofs, 3 IN 1 ROOF supplied us with the current cost projections taking solar tax credits into account:

Installed Cost Avg. Cost Installed Total Cost 2,000 Sq.Ft. Home
$18-$24 sq.ft. $21 sq.ft. $42,850 to $68,650

The above costs are based on the current 30% federal tax credit. In this table, costs will go up by 4% in 2020.

Solar Tax Credit Schedule

The cost factors below the table will help you gauge where on the spectrum your costs will fall.

Note: This page from the US Department of Energy (US DOE) has complete information on the Residential Renewable Energy Tax Credit for 2018 through 2021.

Our best guess is that the tax credit will likely be extended due to the importance of promoting energy-efficient homes and buildings.

However, with the credits currently set to end in a few years, having a solar roof installed in the next couple of years rather than later could be a decision that saves you $20,000 or more.

Continue reading

Why Standing Seam Solar Metal Roof Blows Tesla Solar Roof Out of the Water!

Right off the bat, we love Tesla Solar Roof and what Elon Musk is doing to disrupt the solar roofing market.

Tesla smooth solar glass tile roof. Source: Tesla

But, the reality is that despite its revolutionary style, great looks, and the bold promise “to rid your roof of those bulky and unsightly solar panels”, Elon’s new product is way too expensive and unaffordable for a typical American household.

Traditional PV solar panels on an asphalt shingle roof

That’s right, outside of the upper middle class families in Los Angeles, San Francisco, Austin, Seattle, and other major, affluent tech hubs, most regular people don’t have that extra $50,000 to $65,000 to shell out for Tesla’s new and unproven Tesla Solar Roof.

Furthermore, at this point, the new product from Tesla is completely unproven in terms of the roof’s ability to withstand the elements and remain leak-free for the duration of its intended lifespan.

Granted, every product has to go through a product adoption life-cycle curve, but unless Tesla solar roof pricing changes drastically, we don’t see a mass market adoption of this promising new product happening any time soon.

What’s more, should the government decide to pull a plug on solar tax credits, then Tesla solar tile roof will be dead in the water, again due to its very high cost.

Continue reading

Top 3 Roof Issues to Address Before Installing Solar Panels

PV solar panels for residential roofs are in like never before, thanks to the fact that going solar has never been easier or more affordable.

The Price of Going Solar Has Decreased Dramatically Over the Past 10 years

In fact, according to EnergySage, in 2017, most homeowners are paying between $2.87 and $3.85 per watt to install a new solar system, and the average gross cost of a residential PV solar power system before tax credits is $16,800.

Did you know? Less than 10 years ago, in 2008, the cost of a solar power installation was $8.82 per watt.

Using the U.S. average for system size at 5 kW (5000 watts), a new solar system cost will range from $10,045 to $13,475, after tax credits. — That’s a rather attractive price range for residential solar energy compared to the recent past.

historical cost of solar power on a per watt basis

So, should you jump on the solar bandwagon and take advantage of the solar tax credits available to homeowners in 2017 right away, or are there other factors to consider before installing solar panels on your home?

There are several important factors to consider before calling a solar company and getting those panels up on your roof, if you want to ensure a lasting and regret-free solar installation:

Continue reading