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
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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 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,