Solar photovoltaic revolution: Tesla significantly reduces solar panel prices

In the technological race which is the development of renewable energy sources, the US has overtaken other important players. The latest proposals from Tesla Energy can change this trend, while increasing the share of solar energy in the US energy mix. Recently, the company led by Elon Musk surprised the market with another surprise: it reduced by one third the price of solar panels and the costs of their installation.

An official statement released at the end of last week states that: “Today we are introducing the lowest-ever cost of solar production in the United States. Our medium size system is now one-third cheaper than the average system offered in the industry, and we have recently introduced the lowest price guarantee.

If you change your mind after purchasing or are unsatisfied with the system, we will uninstall it and refund the full amount within seven days of connecting it. “

According to Tesla, the purchase of a new, cheaper model of solar installation will mean that “the average customer buying a large system in California will reduce their electricity bills and recover their money in just six years, and ultimately earn an average of USD 88,000 over the entire lifetime of the system.

In New Mexico, the same system will earn an average of 55,000 USD over its entire useful life, and in Vermont – 47,000 USD. “

Obtaining a new, lower price of the solar installation became possible due to the introduction of several significant changes. The company has created four variants of sets for solar energy production: small, medium, large and very large. This is to facilitate both ordering and installing solar systems that customers can order with one click, i.e. online. According to Tesla, over 80% consumers decide to buy equipment in the standard sizes recommended on the website. The use of digital technologies has helped reduce sales and marketing costs by 64 percent.

The appearance of information about solar panels before the information on electric cars on tesla.com (as of June 25, 2020) is not an accidental procedure.

At a time when there is a discussion around the world about the use of renewable energy to accelerate the global economy after the crisis, apparently Tesla Energy is also focusing on the development of this particular industry.

Thanks to the solar revolution offered by this company, the United States has a chance to catch up with other countries in the race for technological primacy. And knowing Elon Musk’s persistence in implementing his business ideas, Tesla will develop the solar energy sector in the US, regardless of whether it receives support from Washington or not.

Rome Bojanowicz

26.06.2020

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