Solar Panels Support | Tesla

How much do solar panels cost?

Select a solar panel system size in our online ordering experience to see the estimated price. Your home may additionally require upgrades in preparation for solar panels (like a main panel upgrade or re-roof – learn more here).

The initial cost of going solar also depends on whether you buy or lease solar panels. Buying solar panels is more expensive upfront compared to leasing, but maximizes the long-term financial benefits of going solar. Buying an average-size solar panel system generally costs $10,000 - $25,000 (including installation), before additional savings from rebates and tax incentives. Leasing a solar panel system is $0-down and has fixed monthly payments. Whether you buy or lease, the solar energy you produce will lower your utility bill.

Price and savings vary based on location, system size, government rebates and local utility rates. No security deposit required. A 3kW system starts at $25-$100 per month with an annual increase of 0-2.9% each year for 10-20 years, on approved credit. Tesla is not the lender and only the third-party lender may approve, offer, or make a loan.

What payment options are available?

With solar panels, we offer a few options for payment:

Cash Purchase your system outright and own your energy from day one.
Loan Similar to a car loan, you can finance your solar purchase through Tesla and pay in monthly installments. You’ll immediately benefit from tax credits and savings on your utility bill.
Lease With a lease, you’ll make low monthly payments with no money upfront.

 

What’s the best payment option for me?

The best option for paying for solar panels depends on your goals:

  Upfront Payment Monthly Cost Tax Incentives Do I own the system?
Buy Pay for everything upfront None Yes Yes
Loan Pay partial or nothing upfront Predictable Yes Yes
Lease Pay nothing upfront Predictable No No

What tax credits and rebates am I eligible for when I go solar?

The Federal Investment Tax Credit (ITC) covers up to 30 percent of the solar power system cost. If you do not expect to owe taxes this year, you can roll over your federal solar tax credit to the following year. The amount of state tax credit or rebate varies by state and will be in included in your final price.

What happens if I want to sell my home and I have an ongoing solar panel lease?

If you move, we will help transfer your solar power system’s contract to the new owners. Our team takes care of everything while you focus on transitioning into your new home.

Is the loan for my solar panel system financed by Tesla or a third party? 

We work with third party lenders to finance our energy products.

How does the credit check work?   

The credit check will appear as an inquiry on your credit report just like when applying for a mortgage or a car loan. 

When is payment for my solar panel system due?  

You will be billed for your solar panel system in two stages. You will receive one invoice when your system is installed and another after the system has been inspected.  Additional work may require a separate invoice. 

Can I change my lender?   

Lenders are automatically selected based on factors such as project location,  and requirements between lenders are similar.  To change to a new lender, a new credit check is required.     

I received a denial from my lender. Can I have my credit run through a different lender?  

Yes, however it is necessary to wait 30 days between credit checks.  Requirements between lenders are similar.   

Does the price include installation costs?  

Depending on the type of contract you have, installation costs may be included in the purchase price.    

The cost of installation is included in these contracts: 

  • Cash Solar Purchase Agreement 
  • Solar Loan Agreement
  • Solar Roof Purchase & Home Improvement Agreement
  • Powerwall Purchase & Home Improvement Agreement

Customers who have a Solar Power Purchase Agreement or a Solar Lease Agreement,  receive installation at no cost, as Tesla owns, installs and insures the system.