Tesla blows roof off solar market, all part of master plan

May 14, 2017, 02:17
Tesla blows roof off solar market, all part of master plan

Today we get more news and information regarding Tesla's Solar Roof Tiles. It's offering to change your roof tiles to solar panels. They are virtually indistinguishable from a normal roof. Stephen Lacey joined a call with Elon Musk to. Solar analyst Hugh Bromley was quoted saying the price was "better than everyone expected". Tesla's solar roof, to be sure, is still for the well-to-do. And that only assumes covering 40 percent of the roof.

The cost of adding a Tesla Powerwall battery to the system is an additional $7,000.

In related solar news closer today, Malaysia's national electricity utility company Tenaga Nasional Berhad (TNB) has snapped up a 50 per cent stake in one of the UK's largest portfolios of operating solar power assets, which includes 24 solar PV farms with a combined capacity of 365MW. Tesla expects the costs to pay off over 30 years.

A 1700-square-foot roof in Southern California, with half the roof covered in "active" solar tiles, would cost about $34,300 after a federal tax credit, according to the calculator.

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Tesla unveiled its solar shingles in October 2016 at a press event. That is quite an improvement over the average roof, which needs to be replaced over time.

Tesla's Solar Roof uses both solar and non-solar tiles. After that, you can also charge your electric auto. However, the cost will be offset by the value of energy the tiles produce, Tesla claims.

Tesla acquired SolarCity in November, and has been working to remake a money-losing company that was selling traditional solar systems into a premium energy brand. "Solar power going to a stationary battery pack so you have power at night, and then charging an electric vehicle ... you can scale that to all the world's demand".

But perhaps investors in Tesla forget that the SEC just opened up an investigation into the company with regards to reporting solar cancellations less than a week ago. He has found a way to reuse solar energy from roofing tiles to power homes, cars and communities.

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Musk's confidence notwithstanding, 2017 will shape up to be a pivotal year for Tesla. Installations will begin in June, the company says.

Installations are set to begin in the U.S. this summer and from 2018 elsewhere.

Tesla will be under a lot of pressure if its Model 3 and the solar roof turn out to be highly-hyped flops.

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