Tesla’s solar roof to cost less than a regular roof
Monday, 21 Nov 2016

During the special shareholders meeting to approve the merger with SolarCity, which they approved by 85%, he said that he was coming back from a meeting with the SolarCity engineering team about the solar roof and that he now feels confident that they could deliver the product at a lower cost than a regular roof – even before energy production.

Source: http://bit.ly/2g8Br0g
Tesla’s solar roof to cost less than a regular roof

That’s different from what the company was claiming before the meeting today.

And it’s an incredibly bold claim since if it turns out to be true, no homeowner would have any reason not to choose a solar roof when buying a new roof.

Since unveiling the new products a few weeks ago, Musk and Tesla officials have been referring to the solar roof’s price as “less than the price of a regular roof when accounting for energy generation” – meaning that it will cost less than a regular roof when you account for your savings on your electricity bills.

It made sense. Solar energy is already competitive in several markets and while the price of the solar roof could be more expensive than a regular roof as an upfront investment, those electricity savings would quickly add up and made the product competitive with normal roofing solutions.

But now claiming that it would cost even less than a regular roof upfront is a completely different game.

Musk said during the meeting earlier this afternoon:

“It’s looking quite promising that a solar roof actually cost less than normal roof before you even take the value of electricity into account. So the basic proposition would be ‘Would you like a roof that looks better than a normal roof, last twice as long, cost less and by the way generates electricity’ why would you get anything else.”

That’s including the labor costs and without subsidies for solar, Musk added.

The CEO claimed that it is achievable because the current roofing supply chain is “incredibly inefficient” – emphasizing that no one looked at the roofing supply chain for a while. He also echoed some comments made recently by Tesla CTO JB Straubel about the cost of products being linked to their weight when produced in volume.

He said that the glass developed by Tesla for the solar roof tiles weigh “a third, a quarter and sometimes even a fifth” of other current concrete and ceramic roof solutions. Musk calculated that because of the weight and fragility of the current products, logistic costs and breakage are important parts of the total cost.

Musk added that there are “huge gains” to be made by “cleaning up” that supply chain. While it remains to be proven, it has the potential to significantly accelerate the deployment of solar capacity by opening the market to homes that need to have a new roof, which is 5 million homes every year in the US alone.

The end price to the customer will obviously vary depending on the price of the house and the difficulty of the installation.

Tesla expects to start producing the solar roof in volume starting next year. The company unveiled 4 different versions of the product and it plans to release them one or two at a time starting in 2017.

More Articles

Greens want to extend Renewable Energy Target

Greens want to extend Renewable Energy Target

25 Tuesday 2018
The Victorian Government promises half-price solar batteries if re-elected

The Victorian Government promises half-price solar batteries if re-elected

18 Tuesday 2018
Solar energy is set to replace gas and save Australian industry

Solar energy is set to replace gas and save Australian industry

04 Tuesday 2018
Printed solar cells may be the way of the future!

Printed solar cells may be the way of the future!

30 Thursday 2018
The anti-RET Morrison government threatens the solar installation rebate

The anti-RET Morrison government threatens the solar installation rebate

29 Wednesday 2018
Victorian energy scheme for half-price solar panels now active!

Victorian energy scheme for half-price solar panels now active!

23 Thursday 2018
Australian businesses turn to solar in a bid to cut on energy costs!

Australian businesses turn to solar in a bid to cut on energy costs!

16 Thursday 2018
Poll reveals Australians fear coal and wants renewable energy to cut electricity prices

Poll reveals Australians fear coal and wants renewable energy to cut electricity prices

09 Thursday 2018
AICA Energy Sydney Raffle Promo - 1.5kW Solar PV System - Terms and Conditions

AICA Energy Sydney Raffle Promo - 1.5kW Solar PV System - Terms and Conditions

03 Friday 2018
Energy Minister wants solar subsidies scrapped

Energy Minister wants solar subsidies scrapped

02 Thursday 2018
Australia says solar energy quality is more important than price!

Australia says solar energy quality is more important than price!

24 Tuesday 2018
How do solar panels actually work?

How do solar panels actually work?

24 Tuesday 2018
Renewable energy will replace old coal plants at the lowest cost!

Renewable energy will replace old coal plants at the lowest cost!

20 Friday 2018
One in five rooftop solar systems are deficient due to dodgy operators!

One in five rooftop solar systems are deficient due to dodgy operators!

26 Tuesday 2018
7 steps to reducing your energy bills

7 steps to reducing your energy bills

21 Thursday 2018
AICA Engineering awarded the Energy Efficiency Project of the Year Award for 2018

AICA Engineering awarded the Energy Efficiency Project of the Year Award for 2018

19 Tuesday 2018
Do you want to know how to better use your energy?

Do you want to know how to better use your energy?

08 Friday 2018
Solar energy may be the answer to solving Australia’s water shortage

Solar energy may be the answer to solving Australia’s water shortage

01 Friday 2018
WA homeowners are set to expect a 7% energy bill rise from July 1

WA homeowners are set to expect a 7% energy bill rise from July 1

30 Wednesday 2018
Almost half of Australian businesses have made the switch to solar

Almost half of Australian businesses have made the switch to solar

29 Tuesday 2018
As installation costs remain high why not invest in a more reliable solar system?

As installation costs remain high why not invest in a more reliable solar system?

22 Tuesday 2018
WA power plants are being shut off due to huge solar energy output

WA power plants are being shut off due to huge solar energy output

21 Monday 2018
Renters happy to pay more for properties with solar energy

Renters happy to pay more for properties with solar energy

16 Wednesday 2018
Australia could become the world’s first 100% renewable energy powered continent

Australia could become the world’s first 100% renewable energy powered continent

16 Wednesday 2018
Solar energy rebate changes could create big problems for old solar investors

Solar energy rebate changes could create big problems for old solar investors

11 Friday 2018

Request for Free Consultation