Tesla announces 500,000 solar installations deployed

Tesla announces 500,000 solar installations deployed

Tesla announced today that it has completed over 500,000 solar panel and solar roof installations to date. That’s 4 GW of solar capacity deployed.

Tesla’s solar division was created through the acquisition of SolarCity in 2016. The business has been going in a serious downward trajectory since the acquisition, but it has seen an uptick as of late.

Despite some supply issues in the solar industry earlier this year, Tesla has achieved a few record quarters in the US residential solar market. Today, Tesla announced that it has now completed over 500,000 solar installations to date:

The company also confirmed 4 GW of solar deployed, which means that its installations have a capacity of 8 kW on average.

Lately, Tesla has also been increasingly relying on third-party installers to deploy its home energy products.

Instead of managing the installation, Tesla is gradually becoming more of a supplier, with its goal of owning the home energy ecosystem through products like the Powerwall.

This will allow Tesla to focus on manufacturing and scale, with the goal of supporting its new “Tesla Electric” electricity retailing product.

With its Powerwall and inverter, Tesla controls the brain of solar installations and energy storage systems, enabling the company to offer grid services, like its virtual power plant and, eventually, “Tesla Electric,” on a larger scale.

In line with that trend, we recently reported that Tesla has canceled solar projects in some markets and scaled back its own installation scheduling team.

Now is a great time to begin your solar journey so your system is installed in time for those sunny spring days. If you want to make sure you’re finding a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar – whether you’re a homeowner or renter. They have hundreds of vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.

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