tesla starts selling solar roof; says savings to cover costs
Electric car maker Tesla has added another product to its product line: solar roof tiles.
As of Wednesday, customers around the world can order solar roofs on Tesla\'s website.
Installation will begin in the US next month. S.
Facilities outside the United StatesS.
The company says it will start next year.
Last fall, just before Tesla merged with solar panel maker SolarCity Corp. , glass tiles were unveiled by Tesla.
They are designed to look like traditional roofs with the option to copy slate or clay tiles.
Solar tiles contain photovoltaic cells that are invisible from the street.
Tesla CEO Elon Musk says one of the drawbacks of home solar installations is the solar panels themselves: they are usually awkward, shiny and ugly.
Buyers will want Tesla\'s roof, he said, because it looks as good or better as a normal roof.
\"When you install this on your house, you will have the best roof in the neighborhood.
\"Aesthetics is so good,\" Musk said in a conference call with the media . \".
The roof guarantees the life of the family, 20-
A typical non-
Solar roof, Musk said.
It went through the same hail, fire and wind tests as the regular roof.
Tesla\'s website includes a calculator where potential buyers can estimate the cost of a solar roof based on the area of their home, the amount of sunlight received by their neighbors, and the federal tax credit.
They can also pay a refundable deposit of $1,000 to book the place in line.
Tesla says the installation cost per square foot of solar tiles is $42, which makes them much more expensive than a slate of about $17 per square foot or asphalt for about $5.
However, only 30 to 40% of the roof tiles needed by the family are solar-powered;
The rest will be cheaper for Tesla.
Solar tiles that will be mixed with solar tiles.
It costs $69,100 to install a solar roof with 40-
Solar tile percentage on 2,600-square-
According to Tesla\'s website, the roof of the Detroit suburb.
It includes a $7,000 Tesla Powerwall, a battery unit that stores solar panel energy and powers the home.
The roof will qualify for a $15,500 federal tax credit and is expected to generate $62,100 in electricity over 30 years.
Tesla estimates homeowners will save $8,500 during this period.
Tesla says a typical homeowner may have to pay $21.
Tesla\'s solar roof is £ 85 per square foot.
The company said the fees could be charged to the homeowner\'s mortgage and paid over time.
Musk did not disclose how many orders the company expects to receive this year.
He expected the original rampup to be slow.
\"It will be very difficult, it will take a long time, there will be some mistakes along the way.
But this is the only sensible vision for the future . \"
Palo Alto, CaliforniaTesla based
Originally produced solar tiles at a factory in Fremont, California.
But in the end all production will turn to the joint production of Tesla and Panasonic.
Factory in Buffalo, New York.
Panasonic produces photovoltaic cells used in solar tiles.
Tesla says it will install equipment at its Buffalo plant in the coming months.
Tesla shares rose $3. 96 to $325. 22.