Solar tiles are integrated into the roof, making them far less obtrusive than conventional solar panels, which are perched in a frame that sits atop a roof. Sunpower is one of the suppliers of the tiles. Various builders and developers are adding them to new homes.
The current economics: Installing one of the roofing systems probably adds about $20,000 to $25,000 to the builder’s direct costs, Kelly said. The state of California then gives builders a $4,000 to $6,000 rebate after installation, knocking the net additional cost down to $15,000 to $20,000.
Homeowners then get a $2,000 federal tax credit (which goes directly to the homeowner and not to the builder or developer), bringing the price down to $13,000 to $18,000.
Utility savings can range from $500 to $1,300. Payoff, thus, can be as short as 10 years or as long as 36 years. But math class hasn’t ended yet. Utility prices continue to climb, so the payoff time will likely be shorter for many buyers because of the energy bill savings, Kelly said. The solar system also adds to the resale value of the house, he said.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.