![]() ![]() Costs will always vary depending on the actual roof - which Molchanov said is true of rooftop solar generally.Īlso, he added, Tesla's numbers are projections that will have to be updated once actual manufacturing and installation begins. Molchanov also said that Tesla's disclosed numbers are "rule of thumb estimates" that need to be taken with a grain of salt. Energy Conversion Devices was liquidated, Ascent Solar is trading at around 1 cent per share, Solarion was acquired in bankruptcy, and MSK was bought by Suntech, which later went bankrupt, Molchanov said. He said companies such as Energy Conversion Devices, Ascent Solar, Solarion and MSK were all built on the anticipation that demand for "building-integrated photovoltaics" (BIPV), an industry term for such products, would surge.īut demand did not surge. Tesla is not the first company to attempt a solar panel that is integrated into a roof, and recent history is littered with failures, said Raymond James analyst Pavel Molchanov, in an email to CNBC. Customers coming to the stores to buy cars are conceivably already inclined to consider installing solar panels on their homes. "One of the biggest hindrances to residential solar was the cost of selling it and installing it, so getting rid of that door-to-door sales force is definitely a step in the right direction."įor now, Tesla is taking orders online, but the company has said before that it plans to offer solar products in its stores as well. Tesla's recent decision to scrap the door-to-door sales common in the solar energy industry also may end up serving as an advantage, Korus said. "The fact that they are starting in California makes perfect sense, since you have a lot of sun and high energy costs." "I do think that this is going to be competitive in specific geographic locations, mainly based on costs of electricity," said ARK Invest analyst Sam Korus, in an interview with CNBC. Whether there is demand for a solar roof still remains something of an open question. Tesla plans to offer financing in late 2017, but in the meantime, customers can finance with a personal loan, a home improvement loan, a home equity line of credit, or a second mortgage. The company also created a " Solar Roof calculator" that allows customers to gauge the cost of an installation. That price factors in the about $2,000 a year a household would save on electricity bills in some of the country's more favorable solar markets, such as California, Texas and North Carolina. Previously, Consumer Reports had determined that a textured glass tile solar roof should cost no more than $73,500, including installation, to be competitive with an asphalt roof. solar companies.įor Tesla, one of the obvious barriers to achieving that is cost. A recent report from GTM Research said the second half of 2016 showed the first significant decline for U.S. ![]() However, the news comes during an interesting, even trying, time for some U.S. ![]() ![]() Musk has previously said that he wanted to do for solar power what Tesla was attempting to do with electric cars - develop an alternative-energy product that would rival or exceed conventional ones in attractiveness and utility. Tesla CEO Elon Musk had announced on Twitter Wednesday morning that Tesla would begin selling its solar roof tiles. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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