Published: Fri, May 12, 2017
Markets | By Noel Gibbs

Tesla CEO says company to start selling solar roof tiles

Tesla CEO says company to start selling solar roof tiles

Tesla Inc. has begun taking orders for its remarkable solar roof tiles to be delivered by summer at a price point that could be transformative for the USA solar market.

Tesla's new slate solar roof tiles are seen in this photo released by the company.

Tesla's much-hyped solar roof is now available to pre-order, with Australian installations expected to commence from 2018. However, there has been a slight delay.

A Tesla Solar Roof with 3,000 square feet would cost more than $65,000 if 35 percent of the tiles were solar, according to Business Insider.

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While that timeline slipped slightly, Musk tweeted Wednesday morning that the orders would open sometime on Wednesday. However, deployment to customers' homes will start this year in the US, and next year overseas.

The company announced its solar roof project previous year, aiming to deliver a solid alternative to regular roofing solutions. Installations outside the USA will begin next year, the company said.

Electric auto maker Tesla has added another product to its lineup: Solar roof tiles. Australian customers can place an order for Solar Roof for $1,310 on the Tesla website. "I think the aesthetics are that good". The clean energy company also sells electric vehicles, home and commercial batteries and solar panels.

Should this turn out to be accurate and Tesla's solar roof tiles do indeed prove to be more affordable and durable than regular roof tiles, it should significantly boost the adoption of solar energy technology since affordability and reliability will likely appeal to the masses. Elon Musk wants to change that with his bold plan to own your roof.

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It's unclear how quickly Tesla will ramp up production volume to meet demand. The active tiles have three main layers, with a base solar cell beneath a colored louver film that's covered by tempered glass.

If you're in the market for some rooftop solar panels, today is your lucky day.

During the launch of the roof previous year, Musk emphasized the importance of having functional and aesthetically laudable solar roofs.

On the other hand, the cost for the solar tiles is estimated at around $42 per square foot, over twice as expensive as high-end slate roofs.

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Tesla Inc shares were mostly flat in premarket trading Wednesday.

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