Tesla’s new Solar Roof costs less than a new roof plus solar panels, aims for install rate of 1K per week

Tesla has launched the third iteration of its home solar roof tile, which was officially described in a blog post and media talk on Friday. Tesla CEO Elon Musk opened the call with some clarification about the V3 solar roof and then asked a series of questions. The company says installation will begin in the coming weeks (Musk says some installations have already started) and that production will grow to up to 1,000 new roofs per week.

Tesla’s solar roof tiles, which look like normal roof tiles when installed in a house and also serve as solar panels to generate electricity, are in the works. The company is still tinkering with the product three years after the concept was announced, having previously performed test installations with two different iterations. “We found something else in versions one and two,” said Elon Musk on a call for earnings earlier this week, adding that “version three is finally ready for the big time.”

Tesla’s solar roof website now includes a price estimator that lists $ 42,500 as the total price for an average 2,000 square foot home with 10 kW solar panels. It also lists $ 33,950 as the price after a tax incentive of $ 8,550. You can also fill in your address and get an updated quote that takes into account local costs and incentives, and add any powerwalls (with three as standard for a 2,000 square foot roof).

“The solar glass roof is not going to make financial sense for someone who has a relatively new roof, as that is itself a roof that has solar power built into it,” said Musk. He went on to say that on this version three product, Tesla managed to sell for a price that was “below the average roof cost plus the solar panels” you would add above the roof.

“Figuring out how to install it effectively isn’t trivial. And we actually will […] “Installathons,” said Musk, where two teams will compete against each other to see who can cover one of two similarly sized / designed roofs faster. Musk later reiterated that “there is only some R&D in the installation process itself”. “”

The story goes on

Musk also said that while specialist installers are initially hired and trained, there are plans to eventually expand the installations to third-party vendors as well. During the call, he and the Tesla team discussed how to focus on cutting installation time to be faster than installing traditional clapboard and, on top of that, solar panels. Musk added that his ultimate goal is to get the solar glass tiles installed even faster than comparable shingles. This is a significant change from version two of the solar roof, Musk later said.

“We’re doing installations as soon as possible, starting in the next few weeks,” Musk said of availability, adding that the goal is to get to 1,000 roofs a week “in the next few months”.

A September 2018 report by CNBC found that, despite the two-year hiatus between the announcement and the date of its investigation and a January announcement about the initiation of solar roof tiles, Tesla had still not made many actual installations of its solar roof tile production at Tesla’s Gigafactory in Buffalo. During the company’s annual general meeting in June, Musk said the third iteration of the tile was being worked on, and while he didn’t accurately describe the actual number of installs, he said they were in the works in eight different states at the time .

Musk addressed some of the previous production delays by addressing the installation complexities of previous generations, but also cited the Tesla Model 3 production ramp which “really cleared the resources of solar for a year or a year and a half.” “” Now that Model 3 production is in a good place, Musk said it has significantly undermined some of the company’s ability to focus on this challenge.

The total addressable market Musk sees for this product is on the order of 100 million homes worldwide, and Musk emphasized that the company actually intends to make this available worldwide.

While only one look will be available for the solar roof at launch, the Tesla CEO also said the company will be rolling out more variations as soon as possible, including tiles that are similar to clay and other alternatives.

The tile and roof installation is guaranteed for 25 years, including its weather-related protection (including wind resistance of 130 MPH) and its ability to generate electricity. All in all, the solar roof offers more energy than a similarly sized roof that has been retrofitted with conventional tiles, although the current detection cells of the tile are individually less energy efficient than conventional solar cells. However, the solar roof is more powerful as it covers more of a house’s surface.

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