Business

Energy Stats: Need a Roof? I Got a Guy

Energy Stats: Need a Roof? I Got a Guy”

Tesla is now accepting deposits for its new solar roof system, offering an "infinity" warranty for tiles that integrate solar power into roof coverings.

Solar Roof will be available in a variety of designs, including Smooth and Textured (available this year) and Tuscan and Slate (available early 2018). They are virtually indistinguishable from a normal roof. Solar analyst Hugh Bromley was quoted saying the price was "better than everyone expected". Roofing is more labor intensive and Tesla is now looking to train and hire a lot of roofers.

But Jim Petersen, chief executive of PetersenDean Inc, which installs about 30,000 new roofs plus solar a year, estimated that a 1700-square-foot roof with new solar panels, including the tax credit, would cost about $22,000, well below the Tesla website's estimate. And that only assumes covering 40 percent of the roof.

One tile of the tile with a solar battery is $ 42. The Powerwall itself sells for $7,000, but is included in that $50,000 example. Tesla's prices include the cost of installation. Bt if we look at the report announced by GTM, the second half of 2016 has not been very good for United States solar companies and shown a decline.

"The typical homeowner can expect to pay $21.85 per square foot for Solar Roof, and benefit from a attractive new roof that also increases the value of their home", Tesla said in a statement.

Tesla has begun taking orders for its Solar Roof, with customers needing to drop $1,000 to join the bottom of the waiting list.

Tesla unveiled its solar shingles in October 2016 at a press event.

Anyone who has had to replace a roof can attest that it is no small expense. The tiles gather and store the energy from light for you to use in your home or electric vehicle. The difference in upfront cost is still quite large, leaving it out of reach for those without high incomes, but over time Tesla's energy package is more cost-effective.

Tesla returns and once again they are back to change the game.

"Solar power going to a stationary battery pack so you have power at night, and then charging an electric vehicle ... you can scale that to all the world's demand", he said.

But perhaps investors in Tesla forget that the SEC just opened up an investigation into the company with regards to reporting solar cancellations less than a week ago.

And that is why Musk made a decision to spend $2 billion to acquire SolarCity, a controversial move that transformed Tesla into a clean energy force, but also loaded up the company with a lot of debt. Installations will begin in June, the company says.

Tesla will be under a lot of pressure if its Model 3 and the solar roof turn out to be highly-hyped flops. According to him, it is a new beginning for our future.



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