Tuesday, November 01, 2016

No One Saw Tesla’s Solar Roof Coming - Bloomberg

Extent to which Tesla just Osborned the immediate-term home solar market tbd

"Powerwall 2 looks ready for primetime. The new solar shingles? Let’s wait until more details emerge. Tesla says we should expect a slow initial rollout beginning in about nine months. Within two years of production, the shingles could account for five percent of the five million roofs installed in the U.S. every year, said Peter Rive, SolarCity’s co-founder and chief technology officer. SolarCity, under the Tesla brand, would also manufacture and sell surface-mounted solar panels for homeowners who have no plans for replacing their existing roofs.  

The pricing on the new solar roof is a bit—squishy. Musk said that someone who buys a Tesla roof will save money compared with someone who buys a comparable traditional roof plus electricity from the grid. But make no mistake: This will be a premium product, at least when it first rolls out. The terra cotta and slate roofs Tesla mimicked are among the most expensive roofing materials on the market. SolarCity CEO Lyndon Rive noted that the price of a conventional roof can vary widely, from $7,000 to $70,000—based on materials, size, complexity, location—so giving out firm prices of a solar roof at this point would be difficult."
No One Saw Tesla’s Solar Roof Coming - Bloomberg
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