The Real Price of Tesla Solar Shingles Is Through the Roof

Tesla Solar Shingles

Tesla’s announcement to start selling its long-awaited solar roofing system was met with mixed reviews last week when the automaker published a cost comparison blog on its website.

The news of the announcement follows the 2016 merger between Tesla and SolarCity — one of the largest solar energy companies in the United States — and further implements Tesla CEO Elon Musk’s vision of a future defined by carbon-free energy.

In the blog post, Tesla said the new solar roofing system will cost $21.85 per square foot for an average American home — roughly 2,500 square feet.

While the product might be pricier than a traditional roof ($4.00-$7.00 per square feet,) it will ultimately pay for itself in reduced electric bills — a process Tesla says will take about 30 years to realize.

And if that isn’t enough, in reality, the price might nearly be twice that amount.

The Real Costs

The true cost, according to the blog, will be about $42 per square feet for solar tiles and $11 per square feet for non-solar tiles. Although Tesla recommends at least 50 percent of solar coverage to meet your home’s energy needs, the automaker factored in only 35 percent of the roof being covered with solar tiles when determining the average price.

Tesla even published a cost calculator for customers to price out their own roof with coverage of up to 70 percent of solar tiles.

tesla solar shingles

The price was calculated for a roof where 35 percent of the tiles are solar, in order to generate $53,500 worth of electricity, which according to Consumer Reports would make a solar roof more affordable than an asphalt shingle roof.

Regardless of the percent of coverage, costs will vary significantly depending on customer choice and the size of the roof.  But one thing is for sure, the installation before factoring in the cost of energy will be much higher than a conventional roof.

Energy Wave

Fifty years ago, the idea of building eco-friendly modular homes, using energy-efficient products, renewable materials and solar panels was impractical. Today, the momentum is with renewable energy, and because of proven tax benefits, more developers are opting to build energy-efficient homes and facilities.

For example, this assisted living facility in Carriere, Miss. will be developed as a “Green” building, which will significantly reduce its monthly utility costs.

This is all part of the global shift designed to reduce our reliance on fossil fuels, eliminate pollution and promote green energy alternatives. So, even though solar roofing isn’t cheaper than other current options, it may be a practical alternative for some energy conscious consumers.

The Bottom Line

But here’s the bottom line: although the installation includes materials and the removal of your old roof, taxes, fees and additional construction costs such as skylight replacements and structural upgrades are not included.

Even if someone decides to purchase Tesla’s Solar Roofing, most Americans live in their homes for less than a decade before selling. This means the majority of homeowners who purchase the new product will have relocated long before the investment pays for itself.

This feature is made possible by using two types of glass tile, solar tile and non-solar tile. Both appear the same from street level.

It’ll be interesting to see how much success the automaker has selling to different markets, with a price tag that can range from $30,000 to upwards of a $100,000 per installation.

I guess the market niche for Tesla’s solar roof product is that it turns sunlight into electricity, while maintaining the appearance of a traditional shingled roof. Nowadays, some solar panels cost less than $3 per watt for installation, and can pay-off in more than half the time (7-10 years) than the projection for a Tesla solar shingles roof.

Made with tempered glass, this product, unfortunately, will likely be limited to the more affluent suburb market.

So far, other companies have had little success incorporating solar technology into roofing tiles or shingles. As for the bigger picture, it remains questionable if the automaker’s newest gimmick will appeal to consumers as much as its vehicles do.

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Online Real Estate Investment: The Monroe House

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WHY WE LIKE IT

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Location

The Monroe House is an online real estate investment in the community of Carriere, Mississippi — midway through Pearl River County — located between cities Picayune and Poplarville. The area is known for its growing population, which increased by 6,600 residents from 2000 to 2014, according to the U.S. Census Bureau. From 2010 to 2015, the county also experienced an increase of about 1,500 senior citizens.

Weak Competition

It’s important to note that there is only one identified assisted living facility within the Pearl River County primary market area (PMA) that offers assisted living services. While there are no imminent plans for senior living developments in Carriere, the area represents a large untapped market for investors.

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RealtyeVest Lowers Minimum Real Estate Investment Amount to $5,000

JACKSONVILLE, Fla., June 7, 2017 — RealtyeVest lowered their required minimum investment amount today to just $5,000 for all offerings on their real estate crowdfunding platform for accredited investors. Previous minimum investment amounts ranged from $15,000 to $50,000, depending on the real estate project. The new $5,000 threshold is intended to give first-time investors a chance to experience RealtyeVest‘s high-caliber performance with a nominal financial commitment.“We are seeing significant activity on our platform, however we feel there is a corner of the market we are not appealing to,” said Daniel Summers, RealtyeVest CEO. “So we are offering investors a taste of our service with a new lowered investment amount for all projects. Once they see the quick return on their investments, they will no doubt want to increase their contribution amounts.”

RealtyeVest connects commercial and residential real estate owner-operators with investors. Their one-stop platform, realtyevest.com, provides a simple, secure, and transparent investments for accredited investors to partake in exclusive high-yield investment opportunities. New investors can complete the simple accreditation process right on the RealtyeVest website and become accredited within approximately 24 hours.“Our offerings generate returns ranging from 10 to 30 percent for our clients,” said Summers. “Lowering the minimum investment amount will allow many more investors to experience the benefit of working with us.”

CEO Daniel Summers

Mr. Summers has over 30 years of real estate finance experience. He is rapidly building RealtyeVest to the same magnitude he did with his former real estate investment firm Hastings Realty and Madison Realty Group, which he grew into a $1 Billion collection of office buildings and shopping centers.

Mr. Summers is a frequent participant on investment panels, speaks regularly at real estate and investment events, and hosts webinars about real estate investing.

Opportunities and Market Trends

Real Estate investing with Realtyevest specializes in affordable housing and low-income community properties, as well as single family residential investments and commercial real estate rehabilitation projects. New projects are added to their platform weekly. They publish current real estate market trends and financial forecasts on their blog.

Learn more about RealtyeVest at realtyevest.com. Connect with them on social media @RealtyeVest, on Twitter, Facebook or Linkedin.

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Space Travel is Powering The Real Estate Market on Earth

Florida’s Space Coast, including the Merritt Island area where Cape Canaveral sits, continues to experience a booming space travel activity. As big names such as Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin set up shop in the area, more high-earning professionals continue to troop into the Space Coast, causing a real estate boom that is expected to last for a long time to come. As a result, Florida real estate investment news will be nothing without mention of space travel.

Space travel continues to attract the interest of many people, thanks to advanced technology and entry of notable private investors like Elon Musk, Jeff Bezos and Richard Branson. Perhaps, owing to the charisma of these personalities, the opening of space industry to private companies as opposed to government agencies likes NASA inspires more people. This means Florida’s Space Coast is in need of more investment in real estate to cater for demand of quality housing by the staff of these companies and the flurry of other support businesses that will crop up.

Big Investment and Job Growth due to Space Travel

The fact that the number of applicants to NASA’s class of astronauts rose from 6,300 in 2013 to a record 18,000 in 2017 asserts the growing popularity of space travel. This was apparent as Vice President Mike Pence joined NASA officials on Wednesday, June 7 to unveil 2017’s new class of astronauts. This gesture of federal support to space travel will definitely boost investor’s confidence for the benefit of Florida’s Space Coast real estate.

This comes after Space Florida approved a $5 million budget to upgrade the Cape Canaveral Air Force station’s Launch Complex 40 to support more efficient launch operations. Already, SpaceX is doing repair works on the launch pad destroyed by a rocket explosion in September 2016. Undoubtedly, these developments will see a hike in demand for housing in the Merritt Island area, signaling handsome returns for realtors and investors in the Space coast.

 

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Elon Musk’s Space Exploration Technologies Corporation, also known as SpaceX, has found renewed energy in space travel. It has partnered with United Launch Alliance, which brings together Boeing and Lockheed Martin, and they already use launch pads at Cape Canaveral for their space travel operations.

Space Florida CEO, Frank DiBiello, said that the $5 million would be matched by over $35 million in private investment and will generate 70 jobs each attracting average pay of $80,000 per annum. “That’s a good match,” Bill Dymond, the Space Florida board chair, said. “And 70 jobs at $80,000 a year I think is worth $5 million as well.” This means that demand for high quality real estate by high-earning individuals will not be in short supply.

Moreover, Blue Origin is investing $200 million to build a rocket factory in the locality. “We’re not just launching from here,” Mr. Bezos said of the move, “We’re building here.” According to state officials, the rocket manufacturing and assembly plant will create a projected 330 direct jobs. Jeff Bezos’ Blue Origin already leased Launch Complex 36 for its space travel operations. This attests to the expected growth in demand for quality single family housing on Merritt Island.

Such an announcement by Blue Origin and the evident presence of SpaceX and NASA on the Cape Canaveral speaks volumes of renewed activity on the Space Coast. In fact, Jeff Bezos hopes to revive Launch Complex 36 that has laid dormant for a decade! Similarly, these investments are breathing a new life to real estate market around the Merritt Island area.

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Space Florida Ramps up Spending to Support Space Travel

Space Florida, on the other hand, has shunned budget cuts to spur growth in the space travel industry. It is not only charged with developing aerospace business, but also with managing spaceport infrastructure in the State. Therefore, it works in close contact with organizations like SpaceX, Blue Origin, Boeing and NASA to achieve its goals. Due to its efforts, companies like Embraer, Northropp Grumman and Rocket Crafters have moved into Merritt Island or expanded their operations.

Funding for the state organization was maintained at $19.5 million in 2017, as was the case in the 2016 budget. This means it can comfortably pursue space travel business to the benefit of the economy. Consequently, real estate businesses stand to gain from the growth in space travel that Space Florida advances.

The agency is keen in offering incentives to aerospace and aviation businesses to woo more investors and boost their businesses. For instance, it allocates $20 million per annum of what is provided by the State Department of Transport to build and improve infrastructure such as launch pads at the Kennedy Space Center. After the shuttle downturn that led to 18,000 job cuts in 18 months back in the 1970s and dampened Florida real estate investment news, there is no taking chance with the new space travel economy.

Furthermore, the Space Florida has approved up to a tune of $2.75 million more in FDOT funding in order to expand roads, relocate overhead utility lines as well as access roads in Exploration Park. This is aimed at benefiting Blue Origin and other companies such as OneWeb Satellite. However, we know that good infrastructure is a catalyst for growth in real estate business and rises in house prices. Therefore, real estate investors stand to gain a lot from the infrastructure spending.

In conclusion, space travel has unleashed many opportunities for real estate business in Space Coast. Merritt Island area real estate business, due to its strategic location and hosting of the Kennedy Space Center and several launch pads, stands to gain a lot from the space business. Therefore, Florida real estate investment news will be dotted with success stories of Merritt Island real estate investors.

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Why Pledge Funds Are Becoming More Popular Than Blind Pool Funds

It’s a challenging environment for fund managers. Investors want more control over their investment decisions and to “know” exactly what they are investing in. Investors also want good overall returns while maintaining some control over what they are investing in. For these and other reasons, the Pledge Fund is exploding in popularity over the more traditional Blind Pool Fund.

Old concepts become new again, particularly in the investment world. Pledge Funds are an old concept that is finding increased usage in the real estate investment world. Investors are embracing the control and power that Pledge Funds give them over Blind Pool Funds. To understand just why they are becoming more popular, it’s important to know what they are and the advantages they have over Blind Pool Funds.

Pledge Funds Defined
Pledge Funds are private equity/debt funds that are set up to invest in projects within a very limited set of parameters. The managers of the Fund find projects to invest in that meet the pre-determined set of parameters. Investors are given information on the project and its expected returns. Projects are funded on an individual per deal basis. If an investor doesn’t want to fund a deal, they don’t have to, even if every other investor in the fund invests in the project.

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Pledge funds are seemingly a 21st-century investment vehicle, but a form of the pledge fund has existed for centuries. In fact, the railroads were built with a form of this fund. It was only recently that investors chose to turn over all investment authority over to fund managers.

It’s clear that Pledge Funds offer advantages when it comes to making investment decisions. These advantages are becoming even more pronounced in industries like real estate. Pledge Funds put decisions in the hands of individual investors, but the actual managing of the investment stays with the fund managers. It’s a powerful advantage for those who want an active role in their investments without the day-to-day management work.

Blind Pool Funds Defined
Blind Pools Funds for investors to investing private equity and debt fund where investors invest in the Fund and a fund manager has wide latitude in determining what investments are made and when they are made. Investors in the blind pool fund do not green light or red light investments as these decisions are made solely by the fund managers.

Blind Pool Funds became popular in the 1980’s and 1990’s with the rise of venture capital and angel investors. While they are still quite popular, some investors began to shy away from them after the dot-com bust. Many Blind Pool Funds had made investments in ideas that were never destined to earn money and some investors lost heavily. A good example is the spectacularly famous flop that was Pets.com.

The obvious advantage of Blind Pool Funds is that decisions are made by the fund managers. The fund managers know that they can throw the weight of the fund behind any project they feel should be backed. Investors don’t need to worry about investment decisions because they are made by skilled fund managers.

Pledge Funds vs. Blind Pool Funds
Pledge Funds have the distinct advantage of putting investment decisions in the hands of the individual investors. They are not bound to invest in what the majority of the investors in the fund want to invest in. If the majority of the investors want to invest in a new shopping mall, those investors who feel there is a shopping mall surplus can choose to abstain for investing in the project.

Pledge Funds can easily limit themselves to certain real estate sectors, like single-family real estate, making the investment parameters naturally narrow. Individual investors understand what the projects are doing and what the expected returns are. They know whether an investment is a good choice or not and can choose to pledge their funds accordingly.

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Investors without the time to manage or determine what investments to make are a good candidate for a Blind Pool Fund. It’s a set it and forget it method of investing that can solely focus on fund returns. Investors may also fall into this category if they don’t have access to investment information or support.

It is possible for Pledge Funds to provide the right kind of investment information support to these investors so that they feel more comfortable pledging or not pledging an investment. Just because a fund allows an investor to make a choice, it doesn’t mean they are forced to make a choice. The fund manager can give advice on real estate investments. It’s this flexibility that is making pledge funds a popular choice.

As the real estate investment market continues to change, investors should definitely look at the Pledge Fund as a popular alternative to the traditional blind pool fund. It may provide just what investors want and need when taking control of their investment choices. With the right kind of management, they can produce above average returns while providing investors with a good choice of real estate investment vehicles.

This is why RealtyeVest has chosen to focus its first ReV Pledge Fund on single-family homes in the hottest real estate markets in the United States. In the right market, single-family investments are predictable and offer returns ranging from 10% – 14% annualized yield. The ReV Single-Family Pledge Fund focuses on debt investments with limited up-side profits participation in Northeast Florida that are secured with a 1st lien mortgage. This short-term investment fund allows investors to pre-fund quality investments, securing their position in Northeast Florida’s highly competitive real estate market. The ReV Pledge Fund was designed for both novice real estate investors looking for a simple and seamless way to invest in single-family buy-and-sell projects as well as accredited investors searching for a great starting place with quick turn arounds. If you fall into either of these categories, the ReV Single-Family Pledge Fund is a great solution for you!

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