Tesla has been involved in the sustainable energy market since 2016 after it purchased Solar City. Since then, it has become one of the most popular names in solar energy and energy storage, not only finding success in residential markets but commercial projects as well. Tesla has seen a steady increase in its solar deployments during each of its Quarterly Earnings Calls, which has been great for the company’s outlook moving forward. Tesla’s solar program is among the most affordable in the country and holds prices that are around 1/3 less expensive than the national average.
Additionally, Tesla offers its solar products in loan and subscription formats, which keep prices low and allow homeowners to test whether solar products are beneficial to their home without long term commitments or expensive price tags.
The advantage of having Tesla now offer its own inverter means the entire setup will operate off of Tesla products. The fact that Tesla can use its own products to outfit a home with solar energy is great for vertical integration and also could help control costs moving forward. Additionally, the inverter’s ability to connect to Wi-Fi and the Tesla app will only improve its performance over time, as it will likely be subjected to Over-the-Air updates in the future.
Check out Tesla’s Solar Inverter here.
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