https://apps.facebook.com/techworeld/proo/?i=1050825 LexxyTech Corporations LexxyTech Corporation: Finance: Tesla has said little about its solar roof since it began taking orders — here's what we do know (TSLA)

Friday, 4 August 2017

Finance: Tesla has said little about its solar roof since it began taking orders — here's what we do know (TSLA)

Tesla CEO Elon Musk unveiled the solar roof at an October event at Universal Studios in Los Angeles.

Tesla started accepting orders in May for its solar roof, but it didn't divulge in its second-quarter earnings letter how many people had ordered the product.

Considering Tesla's recent Model 3 handover party, it's not all that surprising that the focus of Wednesday's earnings call was production for the company's first mass-market sedan.

But it was also the first earnings report since Tesla started accepting orders in May for its new solar roof — and Tesla was relatively hush about the new product.

A Tesla representative said the solar roof was sold out until well into 2018, but they declined to provide exact order numbers.

Tesla is selling the solar roof tiles and traditional solar panels after acquiring SolarCity in November as part of a $2.1 billion deal. The new roof has been successfully installed on employees' homes, Tesla said on the earnings call.

Here's what we know about Tesla's solar roof:

Tesla will eventually offer four types of shingles to match different housing aesthetics in an effort to get homeowners to ditch clunky solar-panel add-ons for a beautiful roof. Only two shingles are available now, but the others will be up for grabs in 2018.



Here's Tesla's textured-glass option, one of the four that customers can order.



See how it shimmers?



Tesla tucked the solar cells behind the glass ...



... so you can't really tell that the roof has solar cells. That's the crux of Tesla's solar-roof vision: to create something both aesthetically appealing and efficient.



Tesla says the typical homeowner will pay $21.85 per square foot for the solar roof. For a 3,000-square-foot home, that would amount to about $65,000. Customers must place a $1,000 deposit to order the solar roof.

You can buy the solar roof here.



Musk originally said the solar roof would most likely cost less than a traditional roof, even before factoring in the price of electricity. But the company backpedaled slightly on that promise.

"It's looking quite promising that a solar roof will actually cost less than a normal roof before you even take the value of electricity into account," Musk said in October.



The solar roof will most likely be more expensive than a normal one, but owners can expect savings on their electric bill — not to mention a roof that lasts much longer.

Installing a slate-tile roof on a 3,000-square-foot home typically costs $45,000, according to Consumer Reports. Installing Tesla's solar roof on the same home will cost roughly $65,000, the company says.

You can get a more comprehensive price breakdown here.



Tesla's smooth-glass tile, the second tile available for order, is meant to offer a more modern look.



Unlike the textured-glass tile, the smooth-glass tile seen here was designed so you could see the solar cells from certain angles.

"From the vantage point of the street or anywhere near the house it looks completely opaque, but to the sun it's transparent," Musk said.



Tesla CTO JB Straubel has installed the smooth-glass option on his home, pictured here.



Musk has been emphasizing the importance of competing on an aesthetic level when it comes to the new solar product.



"When you have this done, you will have the best-looking house in the neighborhood," Musk said on Wednesday. "I think the aesthetics are really that good."



In October, Musk seemed most excited about Tesla's French slate tile, saying it was "one of the hardest things to do." The option, however, won't be available for order until 2018.



"My roof is a French slate roof — that’s one of the tile styles I wanted to do," Musk said in October. "And we were able to get that. Super hard.”



Musk has said that each French slate tile was made using a process known as hydrographic coloring, which uses water to apply printed designs.



"The production process itself makes each tile especially unique," Musk said at last year's unveiling. "It’s sort of a special-snowflake tile."



A brand-new Tesla glass-tech division is overseeing the hydrographic process, which uses techniques from the automotive-glass business.

Read more about Tesla's new division »



Lastly, Tesla's Tuscan glass tile. The roof shown at the event wasn't exclusively made up of that tile. Instead, only the darker tiles seen here come with the solar cells. Like the French slate tile, the Tuscan option won't be available until 2018.



You can see the solar cell if you look at the Tuscan tile from a certain angle.



Deliveries and installations of the textured-glass and smooth-glass tile options will begin in the US before the end of 2017, Tesla has said. Installations will begin in 2018 for customers in other countries, like the United Kingdom and Australia.

Source: Business Insider



The solar-roof tiles are durable. In fact, you can walk on the tiles the same way you would on regular asphalt shingles, Musk has said.



Musk said in October that the solar-glass tiles could incorporate heating elements to clear snow while generating energy. He said it wouldn't be energy-intensive to melt the snow, but "strongly net positive."



Tesla and Panasonic will produce the solar cells for the tiles at a plant in Buffalo, New York, at the end of the year.

Tesla said in May that installations would begin in the US at the end of the year.



Musk's solar roof is one of several energy products Tesla is offering now that it has acquired SolarCity.

Tesla also sells Powerwall 2, its at-home battery, and Powerpack 2, its commercial battery.

Correction: The solar roof tiles were installed on Tesla CTO JB Straubel's home.





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