The plan can be canceled at any time, so the panels will remain installed, but Tesla would de-energize them. Tesla’s website says its new rental program does not require a long-term contract, and installation costs are included. “Still better to buy, but the rental option makes the economics obvious.” “With the new lower Tesla pricing, it’s like having a money printer on your roof,” Musk said in a tweet. 19 that his company will begin offering a no-contract solar panel rental package that starts at $50 per month. Should the patents prove successful, this price tag could shrink thanks to easier installation.įor a solar product more readily available, Musk announced on Aug. The cost of a solar roof has remained largely unknown, though Electrek reported in June that a Tesla solar roof quote for a 9.45 kW system on a 1,862-square-foot roof would cost $64,634 for the roof alone. The CEO also noted during Tesla’s 2019 shareholder’s meeting that the company is installing the solar product in eight states. Earlier this year, Musk said he planned on ramping up production of photovoltaic roofing tiles. In 2018, Musk said that Tesla was working on a third version of the solar roof. The website also states the solar tiles have a Class A UL 790 fire rating, though this might not do much to comfort potential customers after Walmart and Amazon both claimed that Tesla’s conventional solar panels are the cause of multiple rooftop fires. At the time, he claimed the roof would take around five to seven days to install.Īccording to Tesla’s website, its solar roof tiles are three times stronger than standard roofing tiles. Given that Tesla CEO Elon Musk’s goal is to manufacture around 1,000 solar roofs per week by the end of the year, these patents could help achieve that scale of production.įirst introduced in 2016 by Musk, the company’s objective is to design a roof system that not only offers weather protection for the home and a pleasing aesthetic, but also functions as a photovoltaic module that converts solar energy to electricity.
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