SolarCity Plans To Release New 'Solar Roof' Product Next Year

An anonymous reader writes: SolarCity, the American provider of energy services recently purchased by Tesla Motors for $2.6 billion, is planning to produce a new "solar roof" product next year. Computerworld reports: "Five million roofs are replaced each year in the U.S., so instead of simply swapping out old shingles with new ones, why not turn the whole roof into a solar power generator that's integrated with your home's electrical utility? That is SolarCity's plan for a new product it expects to begin producing next year, according to statements made during the company's second-quarter earnings call last week. During the call, SolarCity Chief Technology Officer Peter Rive alluded to a new product that would be produced at the soon to open Buffalo, N.Y., solar panel manufacturing facility. Then SolarCity co-founder and Chairman Elon Musk interjected and said the product would be a solar roof, 'as opposed to a [solar] module on a roof.' The solar roof also has the advantage that it doesn't 'cannibalize' any existing SolarCity product, such as solar panels installed atop roofs, Musk said." "If your roof is nearing end of life, you definitely don't want to put solar panels on it because you're going to have to replace the roof," Musk said. "So there's a huge market segment that's kind of inaccessible to SolarCity. So, why not have a solar roof that's better in many other ways as well," he continued. "We don't want to turn over all our cards right now, but I think people are going to be really excited about what they'll see."

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