When we reported the change, the company was still updating its online configurator, but now, on Saturday, Tesla has officially announced the changes:
“Today, we present the lowest-ever cost to go solar in the united States. Our average system size is now one-third cheaper than the industry average, and we have recently introduced a lowest price guarantee. If you change your mind after purchase or are not satisfied with the system, we will uninstall it and issue a full refund within seven days after system turn on.”
The lowest-price guarantee policy is the price that was actually introduced last month.
Tesla has shared a new version of the map that we published on Thursday:
The automobile manufacturer has described the impact of the new rates and more beneficial:
“With our new pricing, a customer through the purchase of a larger system of California are going to make their money in only six years by reducing their electricity bill, in the end, make an average of $88,000 on the system of life. In New Mexico, that same system will make an average of $55,000 over the course of his life and, in Vermont, of$ 47,000. All systems, in all states, generate more value than ever when it is bought with money or financing in the solar energy loan. The savings vary according to the laws of the state and local utility rates. We also offer a low-cost subscription solar for a fixed cost monthly in six states that you can cancel at any time.”
Tesla claim is based on the Solar Energy industry Association report in Q1 2020, the average residential solar price was $2.83 per watt.
With the new price, Tesla is a “Small” system costs $2.44 per watt, “Medium” is $1.95 per watt, and “Large” and “Extra Large” is $1.93 per watt and $1.84 per watt, respectively.
All those prices are before federal tax credit.
As you can see, they are all below average and the cost per watt goes down quickly with larger systems.
Tesla explains how they have received these new awards:
“Our new pricing is made possible thanks to several simple improvements to a decades-old industry. We made the order and of the solar installation easy by moving to a fixed size that customers can order with a single click online, no need to spend hours in the consultations on the review of old invoices of public services. More than 80% of our clients go ahead with the standard size recommended by our website, and the transition to a digital experience has contributed to a reduction in our sales and marketing costs by 64 percent.”
With the update of its solar panel configurator, Tesla has also updated its web site to increase its installation of solar panels, offering:
It may be the first time that a product other than a vehicle is first presented on Tesla web site, which says a lot about Tesla’s commitment to expanding its solar business.
Tesla Solar and energy storage products can be a great solution for your home or your business, and you can use our code (frederic5610) for a $250 price on your solar roof or Tesla installation of solar panels. However, we suggest you getting quotations of more than one installation program to ensure you get the best energy solution for your location. UnderstandSolar is a great free service to link you to the best solar installers in your area for personalized solar estimates for free. Tesla also offers a prize now, therefore, it is important to shop around for the best rates.
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