![]() The costs of installing solar power are falling. The current version is the third iteration. They are more expensive than panels, though Tesla argues they are cheaper than the combined cost of panels and a new roof. Tesla’s solar roofs are an entire new roof for your home, an integrated power-generating structure. Tesla’s new solar roofs are not to be confused with the company’s standard solar paneling, which can be added to an existing roof and competes with multiple similar products. “The addressable market is 100 million roofs,” he said. Musk believes that in the future effectively all roofs will generate solar power. Read more: Tesla CEO Elon Musk’s $56 Billion Pay Package Goes to CourtĪbout 5 million new roofs are installed a year in America, Tesla said. Long term, obviously we want to do 10,000 roofs a week. “That’s our goal.” Sales, he said, “will grow like kelp on steroids. “I think within the next several months we should be well past 1,000 roofs a week,” he said Friday. It’s another bold promise from the controversial technology entrepreneur, whose company stunned skeptics on Wall Street last week by breaking into profit in the third quarter. This article was originally published at 11:35 a.m.Typical pricing: Around $35,000, the company said. After 2021, the residential credit drops to zero and the commercial and utility credit will become fixed at a permanent things we just learned from Elon Musk about Tesla’s Model 3Ī quick guide to Elon Musk’s new brain-implant company, NeuralinkĮlon Musk says Tesla semi truck to debut in September, kicking clean-truck race into high gearĢ:15 p.m.: This article was updated to include comments from an analyst.ġ p.m.: This article was updated to include more details about the solar roofs and information about the state of the solar installation industry. ![]() The credit will decrease to 26% in 2020 and 22% in 2021. The federal government is phasing out a 30% federal tax credit for solar installations. Other companies have sought partners to create similar offerings.Ī more diverse portfolio of products from the rooftop solar industry comes as incentives are set to decline. bought solar panel firm SolarCity last year, making the combined company, now known as Tesla Inc., a one-stop shop for clean energy. The company’s biggest opportunity could be in the construction market, where it could look to partner with construction firms to install roofs on new homes.īut ultimately, demand for the product will depend on the amount of savings for the homeowner, Ogden said, and how Tesla packages the cost of the system to prospective customers.Įlectric car maker Tesla Motors Inc. Tyler Ogden, solar analyst with Lux Research, said the roof tile options could be attractive for customers who may have shied away from traditional solar panels’ decidedly unaesthetic appearance. Tuscan and French slate options will come in 2018, according to Tesla. Initially, only gray smooth and textured black glass tiles will be available for purchase. The rooftop solar industry has been working to retool its operations by coupling solar panels with battery storage to offer consumers increased independence from their utility companies. Rooftop solar growth dropped to 19%, down from a 63% average increase year-over-year from 2012 to 2015. ![]() The goal has been to branch out to untapped consumers who have shown an aversion to the boxy solar panels that attach to rooftops.Īlthough more solar power was brought online nationwide last year than any other source of electricity, the pace of rooftop solar installations - the focus of residential and business customers - dropped dramatically compared with the sizzling growth in 2015. Musk unveiled the line of high-design, solar power-generating roof tiles last fall in an event at Universal Studios Hollywood. Deployment this year in the US and overseas next year.- Elon Musk May 10, 2017 Solar roof can be ordered for almost any country.
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