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Yeah, I balked at first, but it looks like mine (~1400 sqft 2 story house), would cost $30k, and there's a lifetime warranty on the roof. I might consider it in
by erroneousfunk 9y ago
Yeah, I balked at first, but it looks like mine (~1400 sqft 2 story house), would cost $30k, and there's a lifetime warranty on the roof. I might consider it in the long term future, but would definitely want to give it a few years and see how things pan out first. This is one of those things that I wouldn't want to be an early adopter for.
- toomuchtodo 9y agoDid you take into account the 30% federal tax credit on that 30k? EDIT: That's sort of the kicker. A regular roof does not get a 30% federal tax credit (plus possible state incentives), nor does it produce power for 30+ years, nor does it have a lifetime warranty. If you can obtain low cost financing, you almost always come out ahead.
- fictioncircle 9y ago> EDIT: That's sort of the kicker. A regular roof does not get a 30% federal tax credit (plus possible state incentives), nor does it produce power for 30+ years, nor does it have a lifetime warranty. If you can obtain low cost financing, you almost always come out ahead. Maximizing retirement savings is still likely more cost effective than this roof for most people and I doubt many people in the US are putting away $24k/year. The only way I'd see this is as viable is below inflation interest and people showing they can sell the houses for the full value of the Tesla roof.
- deleted 9y ago[deleted]
- mathgeek 9y ago> Did you take into account the 30% federal tax credit on that 30k? If I understand the tax credit correctly, it's only available if you're paying that much in taxes otherwise. For a $60k roof, you have to already be paying $18k in taxes to take full advantage of the credit. That's an important detail for some.
- toomuchtodo 9y agoThe tax credit can be carried forward multiple years until your tax liability has exhausted the credit balance.