Homeowners in the Arcadia neighborhood might soon be saying goodbye to the big ugly solar panels atop of their roofs and replacing them with solar roof tiles. Tesla announced their line of long-awaited new solar roof tile products and costs on Wednesday.
CEO, Elon Musk first hinted that it would be cheaper than a regular roof after accounting for energy savings, and later said that Tesla’s Solar Roof could cost less than a regular roof – even before energy production.
The company says that the “typical homeowner can expect to pay $21.85 per square foot for a Solar Roof.” That calculation is made for a roof where 35 percent of the tiles are solar.
And that’s the interesting factor, not all of the roof will require solar tiles. There are a number of factors that come into play, where your home is geographically located if there is shade, the energy need of the household, etc., but in most cases, it will be about 40 percent.
All in all, Tesla’s solar roof prices are coming in cheaper than some had expected. With the announcement, Tesla started accepting $1,000 deposits for its Solar Roof, and also launched an online calculator so homeowners can understand the costs associated with a Solar Roof.
The “Solar Roof calculator” allows a customer to gauge the cost of an installation. In addition, Tesla plans to offer financing in late 2017, but in the meantime, customers can finance with a personal loan, a home improvement loan, a home equity line of credit, or a second mortgage.
As for the tiles themselves, Tesla said it is releasing the first two styles of the glass tiles — “black glass smooth” and “textured” versions — out of the four planned styles the company has shown off to the public.
The tiles are made of tempered glass which is more than three times stronger than standard roofing tiles, allowing Tesla to offer the best warranty in the industry – the lifetime of your house, or infinity, whichever comes first.
Tesla says that it will manage the entire “Solar Roof experience—from the removal of your existing roof through design, permitting, installation, operations, and maintenance of the new Solar Roof.” The company estimates that the installation should take roughly the same time to install as a tile roof installation, which is typically 5-7 days.
Musk says of his vision for the future, “When you think of a sustainable energy future, you want roofs to be beautiful and generate energy from the sun. That energy can then charge Powerwalls and electric vehicles. That’s the future we want.”