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Elon Musk’s Tesla revealed the price of its solar roof tiles. The price came in cheaper than expected.
Tesla said that the first two tiles of the solar roof will be priced at about US $21.85 per square foot.
This is slightly lower than the US $24.50 that consumer reports expected.
Musk has previously said that he wanted to do for solar power what Tesla was attempting to do with electric cars — which is to develop an alternative-energy product that would rival or exceed conventional ones in attractiveness and utility.
Tesla is now accepting orders and says the solar roof tiles will earn money for customers over the lifetime of their house.
By how much?
To help give an estimate, the company also created a “Solar Roof calculator” that allows customers to gauge the cost of an installation.
The calculator uses Google Project Sunroof to estimate the value of each home’s potential solar energy, and translates that into energy savings. A $67,000 solar roof in Baltimore, for example, could earn back more than $15,000 over three decades.
Tesla is also offering “infinity” warranty which covers the glass in the tiles.
The company offers a 30-year warranty for other aspects of the system, such as the tiles’ power output and the system’s ability to prevent leaks.
Investors, on the other hand, seemed to like the news of the cheaper solar roof tiles as Tesla shares closed up at more than 1% last Wednesday, May 10th 2017.
The first two styles will come in smooth glass or textured tiles. Two more designs — a Tuscan tile and slate rock style — are planned for an early 2018 release.
The fact remains that the prices came in cheaper than expected, but does that mean you should spring to invest in these solar roof tiles?
Let us know what you think in the comment section below.
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