The Tesla cost you $42,300. Have you calculated the depreciation on it yet?
They took the Prius Prime for $18,300 which saved me from having to dispose of it. My out of pocket cost, $24,000. In Alabama, I was not charged sales tax on that $18,300 trade-in so registration was cheaper.
As for depreciation:
What was the cost of your solar system? Ours was over $20K. It takes years for it to make $20K worth of electricity. It’s “free” after that.
The solar roof cost all of my remaining TSLA stock, ~$65k. But unlike no dividend TSLA, I get about a $1,000/year, untaxed, cost savings. The solar roof tax credit wiped out the stock sale capital gains.
Modern cars rarely need an engine/transmission replacement at 171K miles. You’re comparing an actual cost of operating an EV with a hypothetical cost of operating a conventional vehicle. If the math works for you then you’re doing great.
Bad luck, it turns out the battery failure was probably triggered by a failed coolant valve. After replacing the valve, the battery was already cooked and needed to be replaced.
As for my experience, I've rebuilt a 1500 cc VW engine, replaced clutches in a Chevette, and had a Plymouth Fury transmission go bad. So I kinda have a clue as to what they cost with modern vehicles. Here is what I found on eBay:
And transmission:
The battery:
Not included, labor and tools.
With solar reducing our actual cost of electricity in Oregon from $.12/kWh to about $.07/kWh, it cost about $1.00 to charge the Clarity which provided the range of a gallon of gas. Gas was around $3.50-4.00/gal at the time so it was less expensive to operate on electricity. Winters were mild but range was reduced from roughly 44 to 36 miles. Now in Michigan, we have electricity at $.20/kWh and gas from $2.50-3.00/gal. It’s basically a wash on fuel costs. In winter however, the EV range on our Jeep 4xe is reduced from 24 to 14 miles for at least 4-5 months. That makes the fuel costs to operate it in EV nearly double that of operating it as an ICE vehicle. In the big picture, the difference is insignificant, maybe $40 every 1000 miles, but that’s enough to put another bottle of bourbon on the shelf in winter.
- $65k sale of TSLA and purchase of solar roof
- $0 TSLA dividends and ~$1,000 untaxed, cost savings from solar roof
- 30% capital gains = 30% solar roof tax credit
On a side note, 80% of our electricity is generated from burning gas and coal. So, I’m burning it one way or another.
Per the App:
I don't get bent out of shape by how TVA generates their electricity. I just wanted to not give TVA any of my solar cell generated electricity. They can buy their own solar cells.
Bob Wilson