Elon Musk, CEO of Tesla has stated that the company’s new cheap solar roof tiles will be affordable to the “average homeowner.”
Musk declares that the solar roof will cost about the same as a typical shingle roof.
There have been a number of delays in the production of the solar rooftops, a common theme with Tesla products due to the stringent testing the products are placed under. Musk first announced the product to the world in 2017 and stated that the company was intending to start building them the following year.
Unfortunately Tesla ran into some roadblocks on the production side and decided to delay rollout of the roofs for two years in a row.
Musk states that the delay was caused by his obsession to bring the best possible product to market. More specifically, he wants to be able to guarantee that the roof is going to last for 30 years without needing a replacement. Way to go Elon!
Musk stated during a shareholder event earlier this year that the process has been very challenging in trying complete the goals that the overly ambitious company set for itself.
According to Electrek, Musk said:
“We are about to complete version 3 of the solar roof. This is actually quite a hard technology problem to have an integrated solar cell with a roof tile, have it look good, and last for 30 years. I am very excited about version 3 of solar roof. We have a shot at being equal to a comp shingle roof plus someone’s utility cost or being lower than that. That’s one of the cheapest roofs available. So you can have a great roof with better economics than a normal fairly cheap roof and your utility bill,”
The roof’s durability will be guaranteed for life, and power generation is guaranteed for 30 years, until it may need repairs and servicing.
Upon the idea’s initial proposal, Musk estimated that the solar roof would cost about $21.85 per square foot – far more expensive than a traditional roof.
In contrast, the average shingle roof costs around $4 per square foot, and a tile roof can sometimes cost up to $15 per square foot.
If Musk and Tesla stay true to their goal of bringing down the cost of the solar roof to match that of a shingle roof, it would be an absolute game changer. It would mean that the average consumer who does not have access to solar technology can now afford to do so and power their homes off-grid.
2016 data from Bloomberg New Energy Finance (BNEF) suggests that solar power has become the cheapest way to generate electricity – not really that surprising as light is free…
An estimate released by the International Energy Agency states that by 2050, the leading source of power in the world will be solar energy.
This is great news for sure but that number may seem a little outlandish to some people, considering that solar energy currently equates to just under 1% of the market.
Solar technology has seen huge strides in technological advancement over the past decade and these advancements have made it cheaper and more efficient to extract energy from the sun thus making solar tech more available to the average consumer.
Unlike most other energy sources, solar power always triumphs because there is a practically limitless supply. The abundance of power actually has the potential to cause energy prices to drop so low that everyone, no matter where they are can afford it. The industry shows no signs of slowing down and it will continue to become cheaper and more efficient as it’s developed and perfected in time.
A completely new approach to the solar panel could make the exciting technology even more plausible.
Developed by researchers at IBM, the new High Concentration PhotoVoltaic Thermal (HCPVT) system is actually far superior in terms of perfromance than the conventional solar panels that exist on the market today.
Engineers claim that the revolutionized new solar system is able to magnify the sun’s energy by 2000-5000 times.
The new approach works by using hundreds, if not thousands, of tiny solar cells, which are constantly super cooled. This allows the cells to generate more energy than their regular counterparts.
The problem with traditional solar panels is they struggle to absorb all the energy that they are presented with. The new design tackles this problem and is able to collect far more energy, without wasting any excess.
The Swiss Commission for Technology and Innovation is offering a $2.4 million grant that will subsidize the development of this project, with researchers confident that this technology will one day power the world for free.