Tesla announced plans to sell solar roof tiles to U.S. customers starting this summer, adding a new sustainable energy venture to the company's operations.
USA Today reported that the roof tiles will be "more durable than a typical roof, a third lighter and cheaper when electricity savings and tax credits are included," according to Tesla CEO Elon Musk.
The company will also install the solar roof tiles for customers.
"When you have this installed on your house you will have the best-looking roof in the neighborhood," Musk said, according to USA Today. "I think the aesthetics are that good."
"Most roofs look terrible," he added, regarding asphalt roofs.
Tesla’s website gave an example of the pricing of this new venture, claiming that if the company was to install a solar roof on a 2,000 square-foot home in New York that would cost around $50,000 after taxes, Bloomberg noted. The tiles would also "generate $64,000 in energy over 30 years."
Although this is more expensive than the average roof, Hugh Bromley, a solar analyst at Bloomberg New Energy Finance, said the pricing is "better than everyone expected."
"The pricing is better than I expected, better than everyone expected," Bromley said.
Tesla’s solar tiles were expected to cost about $68 per square foot, but instead they’ll go for $42.
Musk said adding these solar tiles to Tesla’s arsenal now makes the company a triple threat, combining "solar power, batteries, and electric cars."
"These are really the three legs of the stool for a sustainable energy future," Musk said, according to Bloomberg. "Solar power going to a stationary battery pack so you have power at night, and then charging an electric vehicle…you can scale that to all the world’s demand."
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