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

The battle of the batteries: Which storage solution is best for you?

The battle of the batteries: Which storage solution is best for you?

26 Thursday 2018
Australia’s renewable energy capacity is set to exceed a target the Federal Government said was impossible to reach by 2020

Australia’s renewable energy capacity is set to exceed a target the Federal Government said was impossible to reach by 2020

25 Wednesday 2018
A WA suburb looks to trial a community energy storage scheme as energy bills are set to rise again

A WA suburb looks to trial a community energy storage scheme as energy bills are set to rise again

24 Tuesday 2018
AICA Energy

The solar battery basics you need to know before getting off the grid

24 Tuesday 2018
New poll on energy shows Australians want energy efficiency and lower bills

New poll on energy shows Australians want energy efficiency and lower bills

20 Friday 2018
Almost half of Sydney’s rooftops have the potential to be utilised for solar energy

Almost half of Sydney’s rooftops have the potential to be utilised for solar energy

20 Friday 2018
6 Things To Watch Out For When Investing In Solar

6 Things To Watch Out For When Investing In Solar

18 Wednesday 2018
Renewables on track to replace all coal, oil and gas within two decades

Renewables on track to replace all coal, oil and gas within two decades

18 Wednesday 2018
New South Wales at the forefront of the solar energy revolution

New South Wales at the forefront of the solar energy revolution

18 Wednesday 2018
The Greens push WA Government for renewable energy

The Greens push WA Government for renewable energy

12 Thursday 2018
The benefits of renewable solar-plus-battery technology for your home and your wallet

The benefits of renewable solar-plus-battery technology for your home and your wallet

12 Thursday 2018
Skyrocketing cost of electricity force NSW ratepayers to look towards renewable energy solutions

Skyrocketing cost of electricity force NSW ratepayers to look towards renewable energy solutions

12 Thursday 2018
The future of Australia’s solar industry is looking bright!

The future of Australia’s solar industry is looking bright!

11 Wednesday 2018
Renewable energy is generating more energy than coal and gas

Renewable energy is generating more energy than coal and gas

11 Wednesday 2018
Reasons Why You Need to Upgrade to LED Lights Today

Reasons Why You Need to Upgrade to LED Lights Today

04 Wednesday 2018
5 Quick Tips on How to Cut Your Light Usage!

5 Quick Tips on How to Cut Your Light Usage!

04 Wednesday 2018
5 Advantages of LED Lights

5 Advantages of LED Lights

04 Wednesday 2018
Could Solar Energy Be Next California\'s Cash Crop?

Could Solar Energy Be Next California\'s Cash Crop?

29 Thursday 2016
IBM Solar Collector Magnifies Sun By 2000X – These Could Provide Power To The Entire Planet

IBM Solar Collector Magnifies Sun By 2000X – These Could Provide Power To The Entire Planet

25 Sunday 2016
New Scientific Study Says Solar Can Already Generate More Energy Than Oil

New Scientific Study Says Solar Can Already Generate More Energy Than Oil

19 Monday 2016
There is a power revolution heading for our homes

There is a power revolution heading for our homes

19 Monday 2016
See-Through Solar Could Turn Windows, Phones Into Power Sources

See-Through Solar Could Turn Windows, Phones Into Power Sources

07 Wednesday 2016
Future Solar Panels Will Generate Energy From Raindrops

Future Solar Panels Will Generate Energy From Raindrops

07 Wednesday 2016
Bill Gates Explainer: Energy Equation

Bill Gates Explainer: Energy Equation

28 Monday 2016
TED: How do solar panels work? - Richard Komp

TED: How do solar panels work? - Richard Komp

24 Thursday 2016

Request for Free Consultation