Appraising my first house with a Tesla Roof. In New Jersey. What now?

[cdanj]

There aren't many houses with solar panels in NJ and most of them are leased, so generally they are personal property.
And even when they are owned outright they are so rare and limited appeal... yada yada.
But I'm doing a refi and the guys talking about this tesla roof and I'm just wondering what to consideration and observations I need to make.
My understanding is that you remove the old roof and now your roof is made from solar shingles.

 

[Fernando]

I was wondering today about Tesla roof. Elon bought his money losing relative's solar company in Silicon Valley.
Anyway, I did an appraisal years ago and only one with a Tesla roof.
Owner boasted and raved how he loved his Tesla roof.
Couldn't find any comp or ever since any home with a Tesla roof. Overimprovement.

 

[gregb]

Last refinance I did the owner claimed he paid $33,000 for a roof top solar system, two tesla batteries and 18 roof panels with X KW. Turns out he leased it and figured I would not find out.

 

[Terrel L. Shields]

If he's paying on it, then FNMA doesn't want the value included, but the rub is it is also the roof...hmm. How does that work? Frankly, I think I would do this if it is paid for and thus real property. I'd find out how much the man thinks he is saving in a year and I'd do a sinking fund analysis.

 

[Joe Flacco]

I've only seen one house with a solar roof. It costs about the same as a slate roof, excluding Powerwalls.

We don't really know yet how long solar roofs will last. Slate can almost last forever. The solar roof doesn't look that great either, compared to slate.

 

[Dublin ohio]

Tesla roofs are expensive as they come. A 6.31 Kw system without a powerwall is about $75K. It will generate about 9000Kwh a year at that is operating at about 80% efficiency. Avg annual electricity use in the U.S is 10,500 kwh

 

[swandel1]

Let us know what you did and how the lender reacted to it. I have been appraising 22 years, including 15 here in AZ and I have never seen a roof system. Shiploads of panels, but no actual solar roofs. If they are not in use here in the Valley of the Sun, I wonder what the underlying issue is. Surface areas get blazing hot here in the summer.

 

[Surf Cat]

 

[Tim Hicks (Texas)]

I priced it here and it was over $100,000 with batteries. I just could not justify the cost.