Tesla To Offer Financing Options For Solar Roof By End of 2017
Tesla recently began to accept orders on its innovative Solar Roof product. The system has an estimated average cost of about $21.85 per square foot according to the company; which needless to say, makes the upfront cost significant.
To that end, Tesla will offer financing options later this year.
And because the solar roof can’t be removed, unlike conventional solar panes, leasing is naturally not possible.
The financing of the system is greatly needed support tool to leverage sales, as costs per roof could easily hit $50,000+.
“We plan to offer financing in the U.S. in late 2017. In the meantime, you may be able to finance your Solar Roof with a personal loan, a home improvement loan, a home equity line of credit or other second mortgage product.”
Initially, Tesla will offer only two out of four tile products in 2017: Smooth and Textured.