1. Elon Musk’s next big thing: Tesla starts taking orders for innovative new solar roof

Elon Musk’s next big thing: Tesla starts taking orders for innovative new solar roof

Tesla has started taking orders for its innovative new solar roof.

By: | Published: May 21, 2017 4:10 AM
Solar Roof, Tesla’s first post-SolarCity Corp acquisition offering, is expected to sell for .85 for each square foot of solar panels. As for energy savings, Tesla estimates that users can save up to ,000 over a 30-year period.

Tesla has started taking orders for its innovative new solar roof, tile-sized solar panels that the company unveiled back in October last year. Coming from the makers of supercar-speed electric vehicles and reusable rockets, they are not your ordinary solar panels—they are aesthetically pleasing and won’t require ripping off existing tiles inside your home for installation, reports Tech Times.

Solar Roof, Tesla’s first post-SolarCity Corp acquisition offering, is expected to sell for $21.85 for each square foot of solar panels. As for energy savings, Tesla estimates that users can save up to $64,000 over a 30-year period.

In November last year, Tesla officially moved beyond cars and became a clean-energy company after shareholders overwhelmingly approved the acquisition of SolarCity. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. The deal, which sparked controversy over debt and corporate-governance concerns, is a win for Tesla CEO Elon Musk’s vision of Tesla as a one-stop shop for consumers eager to become independent of fossil fuels.

But what possibly makes Solar Roof Tesla’s best product to date? Business Insider reported that it sounds as if Solar Roof has been occupying at least as much of Musk’s attention as the upcoming Tesla Model 3 car launch. And understandably so, given Musk’s vision not just for powerful electric cars and space colonisation, but also for solar power.

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Before Tesla bought SolarCity for more than $2 billion, Musk sat as the company chair, often harping on the urgent need for alternatives to fossil fuels. Solar energy also fits into the Tesla boss’ plan of eliminating greenhouse gas emissions via electric transportation, as well as making SpaceX an important player in solar system exploration—all powered by solar energy.

With these visions in mind, Solar Roof emerges as a well-planned and well-executed product. The upfront costs may be high, but the roof lasts twice as long as a traditional roof and mitigates electricity costs at the same time. Backup energy is provided by a Tesla Powerpack battery.

Take note, too, that Solar Roof could be part of an appreciating asset if one’s home value increases alongside inflation rate (provided it remains in good working order). Homeowners could then easily find their net worth enhanced.

This is a potential feat rarely achieved by other tech companies. Apple iPhones are bound to depreciate. Google peddles a service instead of a product that will increase in value later on. Microsoft, on the other hand, sells software needing updates from time to time. Even Tesla cars are depreciating assets amid their amazing looks and technology.

But since when did roofs become a source of envy among homeowners? Musk was quick to say during a reporters’ call that Tesla is trying its best to help redefine the way we view this part of the house. There was a struggle on their part to find adequately wonderful roofs as basis for Solar Roof’s design.

“This Solar Roof… will look better and last longer than a normal roof,” he guaranteed of his latest breakthrough product, which is slated to be shipped starting this year.

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