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Notable Quote -- Elon Musk Talks Solar Shingle Prices
Tesla,Solar City
Date: 2019-06-14
"I am very excited about version 3 of solar roof. We have a shot at being equal to a comp shingle roof plus someone's utility cost or being lower than that. That's one of the cheapest roofs available. So you can have a great roof with better economics than a normal fairly cheap roof and your utility bill." -- Elon Musk, Tesla, CEO

According to Tesla CEO Elon Musk, Tesla's next generation of solar roof tiles will be even less expensive than initially announced after Tesla's 2017 merger with Solar City. Today, a standard asphalt shingle roof can cost as little as $4 per square foot. In 2018, the Solar City solar tiles cost about $21.85 per square foot.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems and its often touted solar roof tiles have not yet been produced on a commercial scale. (Source: Tesla, ZME Science, June, 2019)Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

More Low-Carbon Energy News Tesla,  Solar City,  Solar,  Solar Shingles,  


Tesla Cuts Prices to Bolster Solar City Sales (Ind. Report)
Tesla,Solar City
Date: 2019-05-10
As previously reported, in an effort to counter sinking installations at its Solar City subsidiary, Tesla has slashed prices by one-third or more in what is seen as a "last gasp effort" to reverse plunging sales.

In 2015, the year before it was acquired by Tesla, SolarCity installed 870 MW of solar systems shrinking to 326 MW of installations in 2018 under Tesla's ownership.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems and its often touted solar roof tiles have not yet been produced on a commercial scale.

(Source: Tesla, May, 2019) Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

More Low-Carbon Energy News Tesla,  Solar City,  Solar,  


Tesla, SolarCity Slashing Solar Panel Prices 38 pct (Ind. Report)
Tesla,Solar City
Date: 2019-05-01
Following a reported Q1 slide in solar installations, SolarCity owner Tesla Inc reports it is selling solar panels and related equipment online for up to 38 pct below the national average price, according to New York Times coverage.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems. The company's ballyhooed and long awaited solar roof tiles that unveiled in late 2016 have not yet been produced on a commercial scale. (Source: Tesla, NY Times, 29 April, 2019) Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

More Low-Carbon Energy News SolarCity,  Tesla Solar,  Solar Roof,  

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