New England Investment and Retirement Group’s Nick Giacoumakis shares why he’s still confident in solar investments and talks about the U.S. Department of Justice’s Joint Enterprise Defense Infrastructure (JEDI) contract.
Tesla announced in a blog post on Friday that it has slashed the price for its solar panels to one-third less than the industry’s average cost.
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“Today we are introducing the lowest-ever cost to go solar in the United States,” the company wrote. “Our average system size is now one-third less expensive than the industry average and we have recently introduced a lowest-price guarantee. If you change your mind after purchasing or are unhappy with the system, we will uninstall it and issue a full refund within seven days from system turn on.”
TESLA EYEING SIGNIFICANT TAX BREAKS AS IT CONSIDERS TAX PLANT
According to a report by the Solar Energy Industries Association, the average cost for a residential solar panel system in the first quarter of 2020 was $2.83 per watt while a non-residential system was $1.36 per watt.
Before federal tax incentives, Tesla’s “small” system now costs $10,000 for 4.1 kilowatts of power, or $2.44 per watt, while its “medium” system costs $16,000 for 8.2 kilowatts of power, or $1.95 per watt. The ‘large’ system costs $23,500 for 12.2 kilowatts, or $1.93 per watt, while the “extra large” system costs $30,000 for 16.3
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