• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
TechElectric vehicles

Solar rooftops gain traction as electric vehicles owners look to skip paying for electricity or gasoline: ‘Solar just makes sense’

By
Alexa St. John
Alexa St. John
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Alexa St. John
Alexa St. John
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 16, 2023, 9:54 AM ET
Solar panels are installed on the roof of a home in Frankfort, Ky.
Solar panels are installed on the roof of a home in Frankfort, Ky.AP Photo/Michael Conroy, File
Add Fortune on Google for similar content.

When Jim Selgo moved to his home in Goodyear, Arizona in 2019, he quickly had rooftop solar installed, having had a positive experience with solar at his previous home.

Recommended Video

Less than a year later, motivated to take more action to address climate change, he said, Selgo bought his first electric vehicle, a Nissan Leaf. He hasn’t paid for electricity or gasoline since.

With solar, “You take advantage of what you’re producing at your own house,” he said. “Adding an EV just increases your savings and adds to the value of the whole project.”

Selgo, a retired public school principal who now drives an electric Volkswagen ID.4 SUV, is just one of many people using solar energy to power their EVs on clean electricity, effectively, on sunshine. And it also goes the other way.

“It’s probably more common today that you have someone who has a solar energy system who is looking at an EV, just because solar has been around longer,” said Becca Jones-Albertus, acting deputy assistant secretary for renewable energy at the U.S. Energy Department. “But we know that many EV owners are looking to install solar so that it helps with their increased electricity use and can support more economical charging at home.”

Of 131 million U.S. households, about 4.5 million have added rooftop solar, as its benefits become more known, according to the DOE’s Solar Energy Technologies Office. And 2023 set a record with more than 1 million EVs sold in the U.S.

EVs have to plug in to charge up and run, but electricity from the grid often still comes from burning fossil fuels, negating some of the environmental benefit of going electric. Solar can fix that. It’s an important point because electricity production and transportation are the largest two sources of greenhouse gas emissions, and therefore climate change, in the U.S., according to the Environmental Protection Agency.

Residential solar electric, or photovoltaic systems, convert the sun’s rays into electricity when they hit a solar panel. If an owner chooses to buy a set of batteries to pair with the panels, they can have an ongoing “bank” of energy to pull from. Nearly a fifth of new household solar systems in California, which dominates the rooftop solar market in the U.S., were installed with batteries in 2022.

Automakers are seeing this crossover interest and getting into the business several years after Tesla bought solar company SolarCity in 2016 and launched a solar roof division.

Several legacy car companies are launching efforts to connect customers with energy services, including solar installation contractors. General Motors’ energy unit, GM Energy, is one example. The automaker wants to offer a one-stop-shop for customers looking for at-home charging, solar, and other energy management tech.

“That’s where we see everything working together,” said Derek Sequeira, GM Energy’s director of EV ecosystem.

Hyundai Home helps the company’s EV customers select home charging and solar solutions. Ford, too, is dabbling in this business.

But access to rooftop solar is not equal, so the combination is not an option for all EV owners. About half of households in the U.S. either don’t have control over their roof, or find that it’s not adequate because of location, space or orientation, according to the DOE solar office.

There is a push to address that. Community solar projects allow renters or condo owners or other communities to have a share in a small solar array. This form of solar is growing and has contributed to the overall record growth in U.S. solar capacity this year, according to the Solar Energy Industries Association.

Some utilities may also not want customers to produce more solar electricity than they need, because it would mean they have to pay them back for the surplus in the form of credits.

Installation costs can also be prohibitive. A standard system could run a consumer $10,000 to $15,000 or more, according to the Center for Sustainable Energy, a nonprofit in San Diego, California.

But the cost has been coming down. In 2010, a residential rooftop installation could cost $8.70 per watt. That fell to $3.16 per watt by 2022, according to the National Renewable Energy Laboratory.

Federal incentives are making residential solar systems more affordable — at the same time incentives are also aiding EV affordability. The Inflation Reduction Act, which President Joe Biden signed into law in August 2022, allows consumers to claim 30% of what they put into their system as a credit on their next federal tax bill.

Different states also offer varying rebates and incentives. Selgo said his system cost $19,500, but after receiving the 30% federal tax rebate and $1,000 from the state of Arizona at the time, he ultimately paid out around $12,500.

Jerry Schotz bought two EVs in 2021. He was interested in renewable energy and wanted to go electric for all of his household needs — including an electric lawnmower — he said, so “Solar just makes sense.” He had it installed at his home in Champaign, Illinois, last year.

“A lot of folks use solar just to power their home, but we’re powering our home and our cars with the same solar systems,” Schotz said. “When you think about the climate, we’re no longer using fossil fuels to drive on the road.”

__

Alexa St. John is an Associated Press climate solutions reporter. Follow her on X, formerly Twitter, @alexa_stjohn. Reach her at ast.john@ap.org.

About the Authors
By Alexa St. John
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
2 hours ago
Current price of Ethereum for July 1, 2026
Personal FinanceEthereum
Current price of Ethereum for July 1, 2026
By Joseph HostetlerJuly 1, 2026
4 hours ago
In this photo illustration, a Cisco logo is displayed on a smartphone with Artificial Intellingence (AI) symbols in the background.
AICFO Daily
Cisco is rolling out AI agents to every single one of its 90,000 employees
By Sheryl EstradaJuly 1, 2026
4 hours ago
senate
CommentaryCongress
One rare bipartisan AI bill is moving through Congress. Here’s why it deserves to pass
By Neil Björkman and Betsy BrewerJuly 1, 2026
6 hours ago
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
CommentaryCareers
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
By Jeremy FainJuly 1, 2026
6 hours ago
OCBC rolls out its ‘avatar banking’ platform with ‘Wendy’ and ‘Wayne,’ two virtual financial advisors, as banks integrate AI into wealth management
AsiaSingapore
OCBC rolls out its ‘avatar banking’ platform with ‘Wendy’ and ‘Wayne,’ two virtual financial advisors, as banks integrate AI into wealth management
By Angelica AngJuly 1, 2026
6 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
10 hours ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
1 day ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.