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Tesla Lowers Solar Power System Price

Author: Source: Datetime: 2018-11-18 22:05:06
Tesla has lowered the price of its solar power system because it wants sustainable energy use to be more affordable.

“Because our solar products are vertically integrated into Tesla's retail stores and by closing more expensive sales channels (such as door-to-door sales), we have achieved efficiency gains over the past year, and we are now able to lower our prices. Solar system," Tesla spokesman told CNBC in a statement on Friday. The spokesperson added that this pricing change will help Tesla's average customers save $3,000 to $4,000. “This change, and our continued time between sales and installation, will accelerate the adoption of solar energy and the world's transition to sustainable energy.”
Tesla Lowers Solar Power System Price
Sanjay Shah, senior vice president of Tesla Energy Business, said in an interview with Reuters on Thursday that the price cut will make the company "competitive."

According to Reuters, Shah added that the company hopes to become the lowest cost solar supplier in the United States.

Tesla deployed a 93 MW solar power system in the third quarter of 2018.
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