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November 18, 2016 02:00 pm

Elon Musk: Tesla's Solar Roof Will Cost Less Than a Traditional Roof

An anonymous reader quotes a report from Bloomberg: After Tesla shareholders approved the acquisition of SolarCity, the new company is now an unequivocal sun-to-vehicle energy firm. And Chief Executive Officer Elon Musk didn't take long to make his first big announcement as head of this new enterprise. Minutes after shareholders approved the deal -- about 85 percent of them voted yes -- Musk told the crowd that he had just returned from a meeting with his new solar engineering team. Tesla's new solar roof product, he proclaimed, will actually cost less to manufacture and install than a traditional roof -- even before savings from the power bill. "Electricity," Musk said, "is just a bonus." If Musk's claims prove true, this could be a real turning point in the evolution of solar power. The rooftop shingles he unveiled just a few weeks ago are something to behold: They're made of textured glass and are virtually indistinguishable from high-end roofing products. They also transform light into power for your home and your electric car. "So the basic proposition will be: Would you like a roof that looks better than a normal roof, lasts twice as long, costs less and -- by the way -- generates electricity?" Musk said. "Why would you get anything else?" Much of the cost savings Musk is anticipating comes from shipping the materials. Traditional roofing materials are brittle, heavy, and bulky. Shipping costs are high, as is the quantity lost to breakage. The new tempered-glass roof tiles, engineered in Tesla's new automotive and solar glass division, weigh as little as a fifth of current products and are considerably easier to ship, Musk said.

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