How Tesla's solar panels could be even cheaper than the announced $1.49 per watt

A worker secures a solar panel to a rooftop during a SolarCity residential installation (Bloomberg)

KEY POINTS

During Tesla's Q2 earnings call, Elon Musk said the company’s solar panels are now 30% cheaper than the U.S. average.

This means, after considering the Federal tax credit, the costs become $1.49 per watt.

While this is a huge step for solar, some say its actually cheaper. But how?

During Tesla’s Q2 earnings call, Elon Musk dropped the little bombshell; that Tesla’s solar panels now cost $1.49 per watt after incentives. This is a huge step forward for the price of solar power — but Matt Ferrell says he found that it can be even lower.

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