Tesla Solar Panels are Now Cheaper and More Efficient Than Before
Daniel Johnson — June 23, 2020 — Business
Tesla solar panels have been made more efficient and more cost-effective, and are designed to look like roof tiles or traditional solar pannes. The company also indicated that the new Tesla solar panels will be approximately 10% more efficient than previous models, as long as the size is the same.
The company released figures that show the improvided efficiency, previously the medium panel was rated at 7.56 kW, however, it is now 8.16 KW. Additionally, the medium panel was previously priced at $19,500, which has been reduced to a total of $16,000.
Overall releasing more cost-effective and efficient solar panel products may lower barriers to purchase. This is because consumers could have more of an incentive to buy Telsa solar panels if it will result in greater long term savings related to energy costs.
Image Credit: Tesla
The company released figures that show the improvided efficiency, previously the medium panel was rated at 7.56 kW, however, it is now 8.16 KW. Additionally, the medium panel was previously priced at $19,500, which has been reduced to a total of $16,000.
Overall releasing more cost-effective and efficient solar panel products may lower barriers to purchase. This is because consumers could have more of an incentive to buy Telsa solar panels if it will result in greater long term savings related to energy costs.
Image Credit: Tesla
Trend Themes
1. Cost-effective Solar Panels - The trend of making solar panels more affordable and efficient provides opportunities for companies to tap into the growing demand for renewable energy.
2. Elegant Design - The trend of designing solar panels to resemble roof tiles or traditional panels opens up opportunities for businesses to offer aesthetically pleasing solar solutions.
3. Improved Efficiency - The trend of increasing the efficiency of solar panels, such as the 10% improvement in Tesla panels, creates opportunities for companies to market more powerful and productive renewable energy solutions.
Industry Implications
1. Renewable Energy - The renewable energy industry can benefit from cost-effective and efficient solar panel technology by attracting more customers and expanding their market share.
2. Roofing - The roofing industry can capitalize on the trend of solar panels designed to resemble roof tiles by offering integrated solar solutions as part of their services.
3. Construction - The construction industry can seize the opportunity of improved solar panel efficiency to incorporate renewable energy solutions into buildings, making them more sustainable and energy-efficient.
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