The Truth About The Telsa Solar Roof
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- Опубліковано 4 лис 2023
- The Truth About The Telsa Solar Roof
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Would you buy the Tesla solar roof for your house? Let us know below!
The 2023 Toyota Prius offers optional $610 solar panel upgrade - Tesla Solar needs to innovate new EV perks!
I would. One thing you all didn’t point out and I don’t believe MKBHD did either, the monthly or annual fuel cost for an ICE vehicle. Marques has a model s plaid. Charging that car was the biggest chunk of his power use. If you added fuel cost savings into a person’s annual budget with solar and an EV vs a person without solar nor an EV, how much of a difference would that make? Perhaps a good discussion thread for the discord. 🤷🏾♂️
Absolutely, if Tesla ever answer my solar and battery reservation, I have with them for over 18 months.
Maybe. SunPower panels were better in the recent past.
Y’all failed to compare Tesla to the rest of the industry. From this video, we really have no idea how Tesla is doing. If the rest of the solar industry has taken a worse dive. That means tesla is moving ahead of the competition. This may be part of the ups and downs of the solarcoaster.
You make good sense@@shadir007
I have a few issues with this & other videos in relation to tesla solar that you guys need to distinguish. The are 2 tesla solar products. One is the tesla solar roof tiles and the Tesla solar panels. I agree with everything you said here about solar roof tiles. They are too expensive to make since for most people due to difficulties of installation and the contractors that over charge. But the easier cheaper system for most people is the tesla solar panel which can produce just as much electricity and is way cheaper to install. I just installed 12 tesla panels and 1 powerwall for 20k and together wires my existing 3 kwh panel system I have been able to offset my electric bills. The most stupid thing someone can do is to lease the system like mentioned in this video. You best bet is to save the 20k then pay cash! I got 2 other quotes from these door nockers and they both asked for 24k for only 12 solar panels. What a rip off. Tesla was way cheaper, quicker, and russell free. Forget the tesla solar tiles and go with the tesla solar panels and powerwall
The problem is the narrative. They pick and choose. Anyone that follows Tesla and followed the earnings call, knows that the Energy Business is on the rise.
Tesla solar is also the only provider that doesn't try to bust you with a dealer fee (usually around 20k. Also they don't have different terms for different financing options... It's pretty much here's the price and here's the rate, and here is what you would pay if you get a federal credit. Everyone else tries to sneak that stuff in there. We had tesla out and were all set to proceed, but since our house was new, the power company wanted to limit the size of our system to 14kw since we could show a year of power use (we need 24k)... So we had to put the whole thing off until next year. Difinitely, you have to weigh the cost of the system VS the cost of just buying power also. If you're an older, retired person, it might not make sense, since you really don't start seeing the real benefit until you've broken even in cost after about 10 to 15 years or so..... Unless power rates continue to skyrocket.... Then it would be sooner I suppose.
The attractive piece of solar tiles is for anyone who needs a new roof... roofs have a certain cost and roofs plus panels have a certain cost... now is there an advantage to solar roof if you need to replace your roof anyway🤔🤔
@@rhmagalhaesTesla energy is on the rise because of the Megapacks. Not solar
When you say offset your electric bill how much are you offsetting? I only pay around a max of $140 for electricity a month. If the panels worked and brought my bill down to zero it would still be over 10 years to break even. That’s why it doesn’t make sense for a lot of people. Almost everyone is better off by investing the 20k into the S&P or even Tesla stock.
People are not thinking of replacing their roof right now. This added to the fact that it s a very difficult product, that not only needs to be manufactured but also to be installed, makes it a very low priority for Tesla as a company as of right now. It makes sense.
The fact that they haven t shut down that side of the business yet combined with the fact that the product works excellently to me says it s simply a matter of time.
Yeah the bigger issues is finding and training Local Roofing contractors to do the Solar Roof installation, and also to do that at a reasonable cost… which has also cause issues with cost for product vs cost of full installation.
I think you have to subtract the cost of what you would spend on roofing if you did not have the tesla roof also, seems like it would offset some (maybe small) portion of the initial cost.
I have a Tesla roof and a power wall, as well as live in the NY tri-state area. I own both and have no regrets. They are wonderful products. Everyone should get one.
How much did it cost?
Yeah how much did it cost in totoal; to get an idea for the rest of us?
Is that a typo?
@@jamesdonnelly3280 yes
Perhaps the main point to be taken here is that Solar Roof is a great product to install IF you are building your house, when then the investment is offset in great part by the standard roof that wouldn't be built.
As an upgrade it is indeed an expensive one, and since many people does not plan ahead for 25 YEARS of house ownership (I seldom have stayed anywhere for more than 10), the true benefits are achieved by a very thin slice of the potential market.
That’s why anyone considering investing in solar should join together with others and invest in a large offsite project to offset their electrical consumption. It doesn’t matter where it’s placed. The large projects take financial advantage of size when constructing, grid connection and operation.
It’s not a “great product”. It doesn’t exist, it’s vaporware. That demo he did was just one long lie.
Agree, go with a retrofit, and with the 30% IRA you're ahead of the game rather soon!
It's not a mystery really. Trying hiring in the trades. They simply can't scale installation speed the way they can scale factory production. My roof design has been approved for months. Still no install date, and as you said, it's a solid investment that lots of people are interested in. Clearly their capacity to handle installs is the bottleneck.
I have the full tile Tesla solar roof and 2 power walls and it was great value for me. I bought a house that had some roof issues and was due to be replaced anyway.
I was the first in Las Vegas and they were trying to train a team to install. It took a week and had a few issues but they made it all right.
At first they said my roof didn't need replaced, then they said one section needed replaced, so I pushed a little bit to check for more damage and they decided to replace all the plywood on the whole roof.
That took most the time. Installing the full panels was pretty easy. Only about half the panels are solar, and rest are a mix of glass tiles and metal edges.
I had to ask them to come back to paint my trim since it looked bad. Not sure if they're going to add that service or be upfront that the home owner needs to cover that.
Power-walls went up in price but they now include the converter which is a separate unit on my wall and took Tesla hours to install alone so they are saving a lot with new pw design.
I'm sure Tesla realized there's a lot of hidden costs and problems getting so many people to work on a project. I'm hoping they leaned a lot from my home and others and will come out with ways to make the install cheap and quick as possible while also keeping the yard clean, driveway clear as possible, and not leave out details like paint.
If you need your roof replaced, i think it's worth it. If not, get the regular panels.
My house was built 2 years after it was mandatory to use weather strip when building new roofs so all the houses on my block have mold and don't really know so makes it worth considering even more if home is 30 years old or so.
Tesla recently announced they are going to just sell the hardware for solar roof and have third party installers, no longer be in the instalation buisiness. You missed this important recent development in their buissiness.
That would be great if it happens.
What else would you expect in times of economic tightening? The system is around $100K, which is out of bounds for the majority of people. Then you add on a 12% or higher interest rate, and it just cannot happen. If Tesla could bring the entire system including install and maintenance down to $40K it might take off. I just replaced my roof and a Tesla roof was definitely considered. If MKBL figured in his UA-cam income from his Tesla roof videos, he paid for that roof MANY times over.
If you can afford it, it’s worth every cent if you will live in the same house for a long time!
I actually have the Tesla Solar roof.. and believe it's helped me save money. It's not the product, but the local help they hire to install, the contract that prevents you from suing before any work is started and project coordinators. They changed the PM team three times and it took me over two years from stripping the old roof to completing the installation and repairs of any damages. Imagine a house with something that looked a like a large blonde wig on. It's hard to give constructive feedback for fear that the company won't provide the services or sell future products. So for that reason.., I'm not sure many will say anything that might be construed as negative. There really doesn't or didn't seem to be a complaint line .. or escalation process that addressed matters expeditiously. Once you buy a Tesla product, it feels like you have to sign an NDA or a waiver to sue if any issue, before you receive the product.
I'm somewhat happy with the final product, even though I originally contracted for 10Kw system they installed an 8Kw that produces a max of 5-6Kw. You want to raise a red flag, but who do you complain to?? Especially when the government is behind on technology and doesn't have any answers or real protection for the consumer in place to address it. Worse yet.. the company is now part of your home and now too late to reverse anything. That's where the breakdown might be considered questionable. They made amends to me in other ways.. so we called it a wash.
I was paying close to $2200 (200-300 a month) for electricity a year and it helped me $0 dollar my cost. The solar roof was my plan before purchasing an EV., but believe they actually sized the system to my cost/usage, instead of more. Perhaps something to do with hurting the pockets of the electric companies .. so they limit how much we sell back to the grid.
I believe if Tesla worked to improve the management of the product and related services, it would push their revenues up in that department. It's just unfortunate how they have become the biggest target for criticism, for all of the good they are doing for the world.
1 in 3 houses here in Australia now have solar with the average size installed this year around 10kW. For some reason our solar systems are much cheaper than in the USA at approximately $1,000 per kilowatt.
So the usual payback period is between 3 and 6 years. 😊
very informative and interesting video. and the graphics were top notch. well done!
Marques also mention that getting regulatory approval from your city and county and state + licensing and permits you need as well. A lot of Red Tape you have to go through. He further went on to say that it can be a deterrent for most and not even bother getting solar installed.
Not all of those delays are governmental. Many of the Tesla horror stories I read about when considering their Solar roof was Tesla taking 6-8 MONTHS or longer to supply the paperwork to actually connect the system after everything was installed.
I recently looked into Tesla solar panels + powerwalls. I own 2 EVs and spend an average of $3k per year in electricity. The plan Tesla suggested based on my house was 22.68 kw and was expected to offset 81% of my energy. With the solar walls and paying 10% down my loan amount was 792.25/mo or $9,500/year. Without having a high energy bill amount like marques or being able to afford to pay in cash (even with 30% back from the government) it doesn’t make sense as any type of immediate savings.
If you're only using $3,000 a year in electricity, a 22 kW system is a *lot* of panels, probably about 60. Unless your rate per kWh is staggeringly high, 22 kW is hugely more than you need. My 8 kW system provides 100% of my energy usage in a 4800 square foot total electric house. I use about 11,000 kWh per year. Are you really using that much electricity?
Apparently so. In 12 months I've used 28,608.90 kWh. According to the breakdown provided a majority of that is vehicle charging, cooling and heating. I'm not sure if it's my roof shape but Tesla's site suggested 22 kW should produce 39k kWh/y which would be overkill but the quote they provided says that same amount 22.65 kW (56 panels) will only provide 19,911 kWh/y. This was surprising as I'm in NC which is supposed to be ideal for solar and have nothing covering the front of the house. @@douglasburnside
Building new and designed with a simple roof with optimal orientation and minimal penetrations... go for it.
Installed on ohio 2 years ago. Met our need %100 until we switched to EV. We payed about $70 in oct. for remaining power. Would do it again but id get the battery next time.
You can get batteries at any time. Even now.
Until your power company changes their policy about buying your excess. They will gladly charge you in the lower solar production months, thus far extending your payback horizon. See what California power companies are now doing. Coming to a power company near you.
Well the answer is simple. Elon said solar installation is not scalable due to the unique nature of each roof and on top of that not a priority for Tesla
I'm on some sort of list for Tesla solar and have been for quite a while. The reasons are: one, there are no qualified installers in my area and two the city i live in and the utility I use is just now slowly preparing for bidirectional metering. There's a lot of infrastructure changes that are just going to take time and I'm sure Tesla has a whole team of people that are dealing with municipal changes and permitting.
I think there’s enough content in this area you could definitely make a part two of this video!
Having gone solar ourselves, and we absolutely, thoroughly checked out Tesla solar panels (not solar roof) - the dealbreaker was their poor service reputation.
Tesla has a reputation for having a decent quality solar product and an excellent price. However, should something happen, you can be stuck for 6-9months without your solar before a repair can be effected.
So for us, it was the poor service reputation, and the fact they don’t use micro-inverters on each panel that lead us to go with a different company.
YES! My decision tree exactly - except I was planning on a solar roof. The internet is rife with the abysmal service from Tesla - not only after installation but before and during as well.
let me state a few things. 1. He grouped the "solar roof" in with tesla solar.. as if that is all tesla sells, that isn't true. 2. I have never heard of someone having an 800 dollar electric bill, no idea what that youtuber is doing but, other then growing weed in the basement not sure how you get 800 a month in electricity where he lives. I have a 17.2 kw worth of tesla (traditional) square solar panels on my roof and 2 power walls about 2 years ago. It cost 47k. I got 13k back from fed gov tax credit, 5k for power wall from MD, and a 1k check from md for the solar panels. So it costs 28k, I got a loan from Tesla for 10 years. I didn't pay down the loan with those tax credits so im paying 400 a month for 10 years. My electric bill was 250. It went down to 6 dollars (since my electric company charges me to be connected). From April to Oct my electricity is 6 a month. And I bank 1800 kwh's during that time. So that will cover me most of the winter when there are shorter cloudy or snowy days. So 250 a month savings for 10 years is 30k, and that is when I will pay the system off (yeah im paying 48k on the loan with interest) . After that its free electricity no other payment. So it is an investment. Now most people don't think about solar and ways to save money in the long run. Now add in inflation, interest rates it makes sense there is a decline in 2023. It no longer makes sense.
Consumer disposable income, and readily available credit is the largest reason for sales slump.
No one has the excess funds to upgrade a roof when the standard roof is cheaper, and city power is already provided.
I do wonder if they're still doing a lot of testing with the solar panels. We'll probably see a new facility built dedicated to refining solar panel ingredients in the US or one of its allies long before Tesla Solar starts doing well.
Those dramatic spikes in growth are usually tied to new manufacturing processes and the like. Tesla may also be hoping to create a demand with electric cars _before_ creating a supply with Tesla Walls and Tesla Solar Roofs.
You can not put solar panels in the same category as a solar Roof. As for price you need to point out
1) people pay 12-15,000 dollars for a generator back up. (Tesla powerwalls cost about the same) so take that out of the equation.
2) The big reason Tesla Solar roof makes perfect sense is IF the homeowner was in need of a new roof to begin with.
I needed a new roof estimated at $30,000 to $35,000 dollars
So I paid $86,000 for my Tesla roof take away equal value for a new roof I would say I paid around $55,000 for Solar and Back up.
Take away $15,000 to equal out what a generator cost and my solar now net cost to me is actually $40,000 dollars
Thanks to our federal gov with a 26% rebate for the roof I estimate that I paid about $14,000 dollars for the privilege of having a superior roof that has reduced my electric bill by 75% about $3,000 per year. I live in NJ. And I don’t have the best location but I am 100% satisfied with my roof. Does this make sense to you ???
As for Teslas decline it took Tesla 6 or 7 weeks for the instal. Most roofers would be done in a week. So I would think Labor is the biggest issue. You would need dozens of large crews in each state just to keep up with slowing demand
Thanks. A 10 year payback period in any business is really bad. 3 is acceptable but not great. Solar PV has to rise to 30% efficiency and half the cost before the solar roofs take off. Elon put it down to the business not be scaleable. That’s a death sentence.
If you save first and pay in cash for a small tesla solar panel system with tesla powerwall your pay back will be less than 6 years because you won't pay the interest rates and crazy contractor fees! Solar panels are super cheap right now, it's the contractor installations that brings prices way up. If you can get a group of friends to install 24 panels you will pay less than 5k and pay off for the system in less than 3 years!
I doubt that solar roofing will ever become mainstream. It's less efficient and more costly than panels and is double to triple the cost to install.
@@nelsonsilva7572 absolutely agree
Another trend affecting rooftop solar is the grid tie-in payback tariffs. The rates power companies pay you for excess production are being cut back by utilities all over the country.
FYI - I live in Perth Western Australia which is great for the sun, we have a 4.4kw solar system that was just over 10years old when we fitted a Tesla PowerWall. Ours is a modest house with 3x split Air con systems and fully double glazed and insulated, all,lighting is LED and we have a solar hot water system. But we charge our Tesla some of the time and are retired so are in the house most of the day. We now enjoy being totally powered by the sun 90% of the time over the whole year. The 3 winter months we are about 70% powered by the sun, the other 90 months are >96% powered by the Sun. Our power bill (we only have electricity no gas or oil) is no more than $500 a year and this is paid by our State pensioner rebates. Solar and Battery was the best thing we ever did. The Tesla PowerWall Gen 2 is excellent does exactly what it says and the Gen 3 knocks it out of the water.
So... We bought a 16KwH Tesla Solar Panel setup with 3 Powerwalls back in early 2021. We live in SW Washington State, so pretty cloudy half of the year. We charge our Model 3 and use a lot of tech and holiday lighting. We usually have a small electric bill once a year in Feb. We've also had multiple power outages in our neighborhood that never affected us. The ROI on our investment
Man I wanna do the roof and power packs, but I'm not planning to stay in this house for the long term... just waiting till I move. I've got like 4-6 years left, so I wouldn't be close to the break-even. My annual bill isn't close to 9600 a year, so the 100+ for install would more than likely be 12-17 years, leaving me with going through this process again in another house... I'll just wait. lol
Wow I thought that after your analysis, you'd have some wise conclusion with reasons for why it is in such state right now. But just at that moment when I felt it was coming, the video ended without such words at all. 🤣
Is the problem with solar tiles or solar panels, and is it too little demand, or too little supply, or installation issues? Looks like excellent products combined w/ the PowerWall!
I have a Tesla Solar Roof (installed in 2021), and live in Atco, New Jersey:
The way this gets turned around is having the electric utility company participate. If they were willing to help fund some of this in exchange for not having to pay for extra maintenance on transmission lines, there’s the potential for profit for everyone.
Never forget, when they started delivering 5G wirelessly it became incredibly cheap to get compared to having to dig up the ground and run fiber. The same could be true if there’s some cooperation by the utility companies. If you produce your own electricity they don’t have to.
Everybody having solar power may be worse for grid providers as they now have to deal with electricity being pushed into the grid by consumers.
I did a 10kWh non-Tesla system (31 - 350W panels) about 7 years ago in the Northeast and the system has already paid for itself and the power company owes me money. So not sure that spending $0 for a year of electricity is anything to celebrate. But yeah, you have to spend money and buy the system instead of lease. We used a local installer with SunPower panels and SolarEdge hardware with no problems.
10year payback period is not feasible for most projects particularly when there are a number of variables which would likely extend the breakeven point out out even further ie maintenance costs, interest on the purchase, degradation in performance opportunity cost etc.
10 year payback gives you an ROI of 10% which is really good. Even 20 years still gives you 5%
@@triforcelink not really, remembering this is a depreciating asset that has a useful life of around 20years at the half way point you have only just made your money back. Plus as i mentioned this is a very favourable calculation and has left out a lot of factors that in real terms would reduce rate of return. Its not terrible but its not great either
@@ctrayes There are definitely a lot of factors. Some panels will die in those 20 years, no doubt. Most panels will still have something like 85% of their original power output in 25 years.
If you live in Texas, Good Faith Energy can install a Tesla Solar Roof within 90 days in most cases.
If Markus had to borrow $100K to install his system, break-even would be much longer if at all. So the interest rate concern is ligit.
Tesla can self-finance purchases. Even offer lower interest rates.
I have a Tesla solar roof and four power walls. we have had the system for two years now.
Also, we live in Dallas Texas. We ended up using a third-party installer, GFE because Teslas customer service was atrocious. Could never get anybody on the phone. Price ended up double what was originally quoted.
In addition, the roof has produced about half of what they originally projected.
I have called Tesla Energy tech-support and contacted the installer multiple times. Both have not been very helpful. Unhappy customer.
This system will never pay for itself.
Alot of people live in apartments and can't install it
My solar panels are mounted on stanchions raising them eight or ten feet above the roof. The roof serves as the upper deck on my house, shaded by the solar panels, and the stanchions are attached to the walls, not the roof. This disqualified Tesla Solar Roof for my application.
About the only benefit I receive from my solar panels (other than shade on the deck, of course) is that my electric bills are reduced to zero, and they are saving me a little over $4,000 per year. Oh, and with my battery storage (*not* Tesla batteries) I am off-grid capable, but remain grid-tied. When there is a grid failure, my lights don't even flicker, the only way I know the power is out is because the street lights are off.
California stopped doing energy credits for new installation, so during months where less power is produced you have to pay out of pocket and only get have $0 bill in the summer months. Though you don't get snow here at sea level so you should be making power year round and charging power wall batteries.
Solar for homes is free. Why, because one gets a return that is typically more than what it cost to purchase, install, repair and maintain.
The breakeven costs maybe 10yrs typically - without subsidies - but the value of the property will increase by as much as it costs to purchase and install.
So the breakeven must be the the following -
energy savings - the repair and maintenance cost uncured until the property is sold.
I have home solar + 10kwh battery pack + airsource heatpump and hot water storage.
It cost me @$30k + @$4k to install about 5yrs ago.
My property value has gone up by @$40k from my most recent valuation one month ago, due to the above home improvement. 😊
MKBHD said there were cheaper options that could do the same thing as Tesla solar and would actually make more sense. the solar panels will eventually need to be replaced and don't last forever, so having separate panels rather than a solar roof is better and Tesla offers that as well.
Tesla Solar seems to be perpetually stuck in Beta testing like Starlink was for most people until recently. I wish it invested more into ramping up production so that it could mainstream the industry however they probably understand that anything they planned to do could/would and probably is being done already cheaper in China and they'd just be playing catch up... Even though in many ways their product is in fact superior even with the price tag quoted... But even with improvements the LCOE of rooftop solar will always be more expensive than collectively produced farms of any size...
"ramping up production" is a relative phrase, simply because most Musk companies operate using AGILE or SCRUM development models (If these are unfamiliar, take some time to investigate). The key to understanding this is that.... both AGILE and SCRUM are in CONSTANT RAMPING, from the day they produce their first product. They base everything on ITERATIVE progress i.e. constant refinement, and almost no stop with a prototype used for production. Just as Tesla cars continue to change (almost daily/weekly), the same will be true with Starlink and Tesla Solar, Neuralink, SpaceX, The Boring Company, etc.
*Tesla could " earn the respect and confidence of homeowners " by rolling out with an affordable/ low cost solar hot water tank heating system . What percentage of your monthly electric bill is attributed to your electric hot water heater?*
He's quite interested in going into complete HVAC systems in the next business, and they would SELL LIKE HOTCAKES. They would heat and cool the air and provide all the hot water a family could use. I don't remember the name of the video I saw that in but it's here on YT.
Well its like everything else, the price just needs to come down. Then the boost comes after that. There are a few more issues going on that you might not have added either, such as more people getting into homes are either shared or they dont own the home either as there is a house shorted going on. + a down turn in the econ still with high intrested rates on what people do own as well such as that new EV/Tesla car. There is some new battery tech coming that uses Na, solid state, sulfur batter tech that boost around 2.5 times current batteries and that will drop the power wall to a level that will make sense even just as a backup home battery (as they wont need the same amount of cells per pack to hit what they currently hold in them). Let alone the solid state helps reduce the space and weight. Follow by Na that just cuts everything by 30% in cost and allows higher production rates (as we have more access to Na than we do with Li).
sorry should have mentioned, I have solar panels myself, for 12 or 13 years now, just added 2 battery packs, am still gird tied, to much snow in winter not to, got battery packs because to many power outages, and I had more then enough cash to buy
A couple things to consider that you omitted
Inflation and interest rates. If you do not have $100k sitting in your wallet, then you need to get a loan. This loan is significantly higher than the rate of inflation. That means that in 10 years, that discrepancy could cost all of your savings. More importantly, we do not know if the interest rates will increase to the point where we can no longer afford to pay off the principle which could put the person at risk of bankruptcy.
Tesla acquired Solarcity for multiple reasons. One important one was to acquire their engineers and technology for the other parts of Tesla. While solar may be important to Tesla, it is not their current focus. When other areas of Tesla get less of a performance increase by having those engineers, it will switch the ballance to where solar is more important to advance. At this point, that division will grow.
Solar is important to reach the end goal of Tesla so it needs to be apart of the company, but right now it is not the most productive place for Tesla to put in significant investment for either technology or manufacturing. But it still needs to be in the game to make it easier to ramp when it becomes a priority.
25 yr financing would make it affordable to the general population. It's a high quality product, very few roofers are trained to install it, also, local fire codes require fire dept supervision in many cases. Let's say it cost 100 grand that's 4 thousand per yr plus interest which is close to most electrical yearly bills.
Thin film solar on standing seam metal roof should be the future of roofs around the world. Unplugging from the grid, water and sewer and natural gas would be a big soft power win for the average person.
i think pricing is the issue, not everyone has $100k to throw onto a roof and also having to battle with HOAs along with the shady side of solar companies going around telling people the government is funding their solar roofs when that is not true
In terms of new builds, the over inflater cost of housing around the world could also be having an effect on there business model too. Why would a developer foot the bill to have a house built with a solar roof when customer are cost sensitive and so won't be able to sell there newly built home for say 150k so they can have there margin. Wile customers, well why pay an extra 150K on a home when they can get maybe a home with a second or third bedroom, a better location or a larger plot of land and then have higher repayments on the home loan that would pretty badly eat into that 10yr return period.
Unfortunately, it only really makes sense to have it retrofitted when you already have a low mortgage to began with and in this era of the world; those people are the equivalent of a leprechaun.
One thing to keep in mind is that MKBHD was retrofitting (removing existing roofing and replacing it). So the cost of these systems is a little lower for new builds, relatively speaking, because on a new build you have to buy roofing of some kind.
In general, in-roof solar (I'm including solar tiles/slates in that) is only worthwhile if you're doing a new build or you need to re-roof your house anyway.
According to their website, Tesla charges $3.60/sqft for old roof removal. this is about 4x what a normal roofer would charge. Very exorbitant.
The scamming is real. I'm in Florida and it's as bad as the warranty and insurance scammers literally walking the streets. The solar roof is still super expensive with the credit. The solar panels are more affordable but house prices have been steadily increasing. Tesla was having big problems with installations as well. I have a 1200sf town home and the necessary panels with power wall and credit is still $21k. According to your cost of power is when you see return on investment. Mine is pretty inexpensive but most others outside my area are 3 to 4x as much even coming from nuclear. But are planet is cooling not heating. That's 1000% cap.
If you can pay cash for the solar system, and get the 30% federal credit, your monthly bill from the electric company would be negative. I did that 3 months ago, and i overproduce, being in a southern state, and i charge my my EV for free now, running on the power of the sun. I am looking for tesla batteries or emporia batteries but have to wait due to lack of installer in my area.
imho, it is worth it, and it should be the way going forward, however the solar system price needs to go down significantly for the mainstream consumer to jump on the solar bandwagon.
Love a good mystery
Will the Tesla "tile" roof ever be available in Canada. Could I offer my house for a marketing sample for Canadians?
your charts are confusing, was it on purpose?
you have the ascending year sequence going left to right for the bars on the graphs, but put 2017 on the right of the key.
you use yearly spreads broken by quarter but dont use an overall yearly comparison together?
you compare current year growth to first year adoption? you should compare current year to previous year...
Thanks!
Id say if things we as cheap as they were in 2017 thanks to a better administration then todays. If it wasn’t so expensive to build homes today it would be awesome if Tesla Solar and housing companies worked something out they could build new housing with the roof and wall sadly I don’t see it happening
what's a quater?
I installed two Tesla solar panels in 2016 and 2022, and two Tesla Powerwalls in 2022 as well. Yes, the completion in solar panels is intense such as Enphase Energy. However, my 2022 solar panel installation experience shows that Teslla solar division has a big execution problem. This division is lazy, slow and does not take the project seriously, compared with Tesla Powerwall division. They made a major mistake on site survey and proposed that I need a roof work which costed me the same amount of money as the solar panels. Furthermore, they cancelled the installation schedules three times on site, giving various excuses. Tesla loose money on my project, because it wasted an in station crew three days of work. I was so frustrated about Tesla Solar and could not believe this is Tesla team I know. Tesla needs to fix the problem of Tesla solar division by replacing the leadership team!!!
Solar is probably the only section that they have any real competition.
Since you’re Canadian it would have been nice to mention our fed is offering a 10 year interest free loan for solar and other green upgrades, and a $5k credit.
It is all about homeowners insurance in Florida. Get solar panels on roof and lose your home insurance.
I've heard a bunch of talk about how Tesla takes forever to actually start installation. They were so bogged down with orders that they couldn't respond very quickly. It seemed as though Tesla hadn't gotten down to actually installing with enough workers. That was early though. When you think about it, homeowners who don't need to replace their roof will not want to go through the huge expense of Tesla. They'll just do a set of solar panels on top of their current roof. Basically, need a new roof? Get Tesla solar, wait it's that expensive? A regular roof is so much cheaper. Want to spend the money on Tesla? Schedule a time, in the meantime you are being rained on.
Basically, you need to schedule your home build with Tesla to make anything match up. How many people can afford to build a new home and include a solar aspect?
I will be interested in Tesla solar roof, but first I need to buy a house and I'm working on that! :))
Tesla solar would be a lot more popular if it was price equivalent to 15-25years of electric costs in ALL areas of the USA. Electric rates vary wildy in the USA.
Love the concept of a Tesla solar roof however in a lot of areas it's not economically viable where I live. A $100k solar setup not cost effective compared to just paying the electric company. Here in Austin Texas, electricity is extremely cheap in comparison to other states. Last year I spent $1812 on electricity in total (oct to oct), mostly on pool, HVAC and car. But that means that the time to pay back a $100k system would be 55 years. I'm fairly sure I won't be living in this home when that happens. The only way it makes sense is if the solar+powerwall setup was significantly cheaper - 15 year payback would be $27,180 25 year $45,300. Pretty sure i'd still need to pay a fee to the electric company to remain connected too. I need to add the cost of a new roof into this calculation, but I'm pretty confident that this would only make it to 60% at the most of a Tesla solar setup.
The prices need to come down to break even on 25 year payback (or even better 15 year) + roof replacement cost + battery replacement cost (assuming that the powerwalls will eventually need replacing) based on the local electric costs.
how the heck does tesla solar roof + power walls cost that friggin' much ...
Here in Finland, for ~30k € i can have 30kwh battery pack + 10kw of panels w/ 16.5kw of inverter capacity. Includes installation costs.
But yeah, not even that is enough here in the winter solstice, there's literally several days with zero sunlight. Still needs to be on grid, 3 months out of a year panels simply will not generate enough.
Pls look at the solar plan in the Netherlands, a country whiteout an extent amount of sun light. 🇳🇱
I think Tesla solar roof just isn't competitive with other solar alternatives. It's way expensive, even if it's a nice system. I looked into rooftop solar and the I could get it installed for half the price from a competitor.
I'm sure this has been said somewhere in the comments here before but this guy is doing calculations like the tile panels are going to be operating at 100% performance until their 25yr warranty end. The tiled panels are warrantied at 80% efficiency at the 25 year mark which some will argue that overall it is negligible because the system has still paid for itself, theoretically, during that time. But the fact is, is that at some point you will need to spend that six figure amount again to get back that same performance, and year after year you will be seeing diminished returns and less reliability from the batteries being able to give people what they really want which is complete off grid security. Not saying either is right or wrong just saying this is the reality of the situation not expressed in this video.
se graphics make no sense to me. Is this more main stream FUD?
Look up First Solar and utility scale markets to start your education.
I think the scaling of solar specifically Tesla solar is what Tesla is having a problem with. Scaling not of manufacturing but of installing. The human labor is just too expensive but more hard to scale up compared to other Tesla processes.
Poor analysis. Electricity bill for normal people is half of MKB. ROI is now 20 years. Those batteries don’t have 25year warranty. They’ll all have to be changed out before ROI. It’s also complicated to set up. You are right about one thing: If it is as good as it seems, everyone would do it. But it’s not
Energy is neither created nor destroyed.
Can you figure it out?
I actually want to install it on a shed I built. Too bad Tesla won’t sell it to me directly :(
What does this investment do for resale value and property taxes? My local real estate agent says that it does net out, so it appears this only pays back if you do not move for 8-10 years. Basically no one over 65 (baby boomers) should go solar.
Gee, I wonder why a roofing product would have declined in business over the past year. It seems like that should be indicative of something. I wonder if it's the 8% mortgage rates in the fact that no one can afford to move or improve their current home because no one can qualify for a cash out mortgage or even a purchase mortgage right now.
I live in a small (pop. = 100,000) in the desert SW, not very far from Las Vegas. I can't find anyone here that installs Tesla roof products. Nor are they advertised.
Most folks in America move every 4-5 yrs. so that makes the expense to much. No ROI.
There are also states where it's illegal to go 100% off grid.
I wouldn't call MKBHG's house an average house - it is a pretty big house.
Yea i do. And it will proliferate into our grid. Tesla Solar will be the normal or default in the future.
Quick question… what’s a “quater” that’s all over your charts? 🇨🇦
Payback period is the wrong metric. If you borrowed $100k at 8% to buy this it would take 24 years of $9600 electricity to get to a zero net present value. That's a lot of risk to take on.
High interest rates really mess this business plan up.
Everyone in the solar industry knows that California is the solar money pot for US sales. The main reason all solar companies went into the red for Q2 was the new utility rate structure in California, called NEM 3.0. This new rate went into effect April 13 2023. NEM 3.0 changed the payback value a homeowner would receive and only benefited homeowners who exported back to the grid using batteries.
When Tesla acquired Solar City, Tesla was struggling with car manufacturing, so they decided to use Solar City employees to help build cars. I know this because I worked for Solar City. At the time, solar was not a top priority for Tesla.
There has always been a high demand for Tesla Solar because they are the cheapest on the market. The problem is that they cannot keep up with the demand
05:00 the graph is wrong
The truth why it's not popular in one line: - I spend $1812/yr electricity in Austin TX, Tesla's quote for solar roof: $198,600 to meet current needs (Not including power walls). 109yr payback. Nope.
Incentives bring it down to $141,631, but still nowhere enough.
You are overlooking a few things here. 1st, the early adopters will be (already was) the first surge. 2nd, unlike a car which you can sell when you upgrade to a new car, a partially used roof is landfill once you are done with it. Most homes will need a new roof every 20 to 30 years, so expect it to take a long time before everyone planning to install a new roof actually does so. 3rd, has the average person in the US had much confidence in the economy lately? In late 2019, covid happened. Since then, the world has been looking pretty shakey. Solar panels are a luxury for most people, and right now debt is quite high for the average person.
I’d expect tempered glass to last wayyy longer than a normal roof.
The graph around 6:18 has Quarter spelled: Quater. What's a Quater?
Solar installation is a messy business compared with the other more scalable Tesla products.
Living in arizona i see no reason why everyone shouldnt have solar. It's literally sunny 95% of the year
I haven't heard anyone or seen anyone use it ever since it launched
Tesla Solar roof doesn't give you all of that. DIY solar does. It's easy and anyone can do it. Energy freedom.
Maybe if they had a credit plan payment, were they charge people what they already paid on electricity bills until they finish paying for the roof. I would be a seamless transition for everyone, making it extremely affordable to the point of being stupid not to. Sure, it would take longer to profit for the company, but the mainstream appeal would make it the 'go to', eventually making it unstoppable, faster.