![]() If you’re getting your Powerwall from a local installer, the price may be higher because of local demand, availability, and labor and design costs. The Tesla Powerwall costs $13,900, including installation, when purchased through Tesla. Tesla’s Powerwall has a sleek design but comes at a price. Make sure you’re looking at the principal amount, the APR, and estimated monthly payments when comparing financing quotes. Traditional solar loans often have dealer fees tacked onto the principal to keep the APR lower. If you compare your Tesla financing quote to other solar quotes, you may notice that the APR is higher than other solar loans. Keep in mind that the exact rate you get will depend on your credit score. But it will still give you a solid solar payback period. Tesla offers loans with APRs of around 7.5%, which is higher than what it was even just a year ago. Tesla’s solar loan doesn’t come with additional dealer fees and an APR of around 7.5%, but the extract rate will vary depending on your credit.įinancing any project right now is hard, thanks to sky-high interest rates. With a solar loan, you get to enjoy the benefits of solar even if you don’t have the upfront cash to buy the panels right away. Tesla offers its own financing to homeowners going solar. The availability of local solar incentives varies quite a bit, but Tesla’s online estimator usually provides information about programs in the area. There may be local incentives offered by your state government or utility company to help lower the cost of Tesla solar even further. Through the incentive, taxpayers can earn a tax credit equal to 30% of solar installation costs that can be applied to their federal income taxes. The biggest solar incentive is the federal solar tax credit, resulting in thousands of dollars in savings for those who qualify. Tesla solar panels qualify for the same incentives and rebates as other solar installations! Do Tesla solar panels qualify for solar incentives? Actual solar savings will vary with location. *Based on systems installed in Florida and an average electric rate of $0.15 per kWh.
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