Studies backed by the Department of Energy in recent years have shown that solar roofing features such as solar shingles can boost the value of your home by as much as $15,000 or even more. Technically called BIPV, solar roof shingles present a unique and increasingly popular renewable energy solution. Solar power shingles, also known as photovoltaic shingles, are solar panels that mimic the appearance and function of conventional roofing materials like asphalt or slate, while performing their core task of generating electricity. What Are Solar Shingles And How Do They Work Check with Tesla if your state is not on this list because they are steadily expanding. ** The Tesla Solar Roof is currently available in most zip codes in the following states: CA, OR, WA, TX, NV, NM, FL, IL, NY, NJ, PA, RI, NH, MA, VT and CO. The key is to get several estimates and compare warranties to determine the actual cost-effectiveness comparison in your specific situation. * Since there are so many variables at play, such as roof size, roof complexity, local costs for materials and labor, and efficiency of different PV systems, this comparison is meant only as an example. If costs come down for the Tesla Powerwall, the integration of the Solar Roof and the Powerwall will increase the storage and production of renewable energy speeding the development of fully renewable energy grids. If the Tesla Solar Roof lives up to its potential as a cost-effective aesthetically pleasing and durable system, it will greatly expand the number of homeowners willing to go solar and will be used widely in zero energy homes. However, as explained above, its important to note that your ROI will likely still be lower because the efficiency of the Tesla Solar Roof is probably lower than that of solar panels and your system size is smaller meaning your electricity bill wont go down as much as it could. So, in this case, the cost of new solar panels and the cost of a roof replacement and a new Tesla Solar Roof are most comparable if your roof is only 1,500 square feet. Based on these criteria, lets see how your new solar panel and roof replacement will compare to a new Tesla Solar Roof, based on varying roof size: Roof size $53,000 48% In our example, lets assume a $5 per square foot cost for an asphalt shingle roof replacement for your home in California. In this case, you have the option of either replacing your roof first and then installing traditional solar panels, or combining both actions with the installation of a Tesla Solar Roof. If this description fits you better, Teslas Solar Roof may make more financial sense. ![]() In this scenario, unlike the first one, you are on the market and actively shopping for both a new roof and a solar panel installation. ![]() This scenario may also fit you if youre in the process of building a new home from scratch, and havent picked out your roofing material yet. While this is a less common scenario, it may fit you if your current roof is coming up on the end of its useful life. Tesla’s New Solar Roof Available Next Year | Closing Bell | CNBC
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