Elon Musk has once again made another big announcement upon the acquisition of a company. He stated that he believed that the Tesla Solar Roof will cost less than a regular roof.
Musk told the crowd that he had just returned from a meeting with his new solar engineering team. Tesla’s new solar roof product, he proclaimed, will actually cost less to manufacture and install than a traditional roof—even before savings from the power bill. “Electricity,” Musk said, “is just a bonus.”
This could prove to be revolutionary news for the solar power industry. If what Musk claimed is true, they will not be many reasons for anyone to adopt the traditional roof over a solar power one given that it saves power and is cheaper.
Thoughts on this?
Always amazed by Musk. Recently checked out the Tesla X and S. thoroughly impressed. On top these things are also quite stable value wise in the secondary markets.
How much are those regular roof top mounted solar panel systems right now? Regular cheap home roofing is like $1-$2/sf
?? Negative....I just paid $6,200 for a new roof for a 1200 sq ft house. Are you talking about materials only or labor as well? I think roofing labor is pretty cheap because of the undocumented immigrant thing.
ya just material cost..idk I can see labor for the 'solar shingle' being way more. It depends on the final design and application I guess. If a regular roofer cannot install them, and they require more of an electrician then I see labor being way higher
It would be very hard to imagine how a typical roof could be more expensive than a roof loaded with very advanced technologies.
Lets see what he can do.
Cheaper in price or cheaper in maintenance over the long term plus savings on energy factored back in? We'll see..
Elon is the biggest used car salesman I've ever seen.
Go read his biography. He's known for often promising more than he can deliver. However, it doesn't change the fact that he's a visionary and willing to risk all his capital to change the world. It's too rare to find anyone like him in tech sector nowadays.
Very impressed by the new roof top as well, although I doubt he's talking about the upfront capital (or expense). Probably NPV over the life? lol
Considering you can generate revenues from net metering, I suppose one can capitalize them vs. pure maintenance expenses treatment for traditional roof top. It will be appealing to relatively high-income households who can fork out the cash for these.
Solar power use in everyday life has been the next big thing for the past 15 years...
Ea modi qui voluptatem velit amet. Totam qui libero recusandae. Quia praesentium est deserunt et ut. Aliquid eos laudantium labore sit dolorem explicabo aliquid.
Qui quos doloremque perferendis aut. Eius mollitia aliquid officia itaque quos molestias. Quas dolorum iste repellendus doloremque accusamus neque adipisci. Ratione ex eum reprehenderit autem amet placeat architecto. Officiis voluptates ullam reprehenderit maxime veritatis quae beatae. Facere et eveniet maxime et laudantium quo. Soluta placeat voluptas ratione ut facilis et excepturi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...