The Sun Has Set for Tesla Solar
Back to square one for many Tesla customers. Tesla has canceled solar projects in mass in some markets across the US. Many Tesla customers received emails with messaging – “Thank you for your interest in Tesla solar. Upon further review of your project, our team has determined that your home is in an area we no longer service. As we cannot complete your order, we have processed your cancellation. You will receive a full refund of any collected deposit within 7-10 business days to the card on file.”
This is not a good look for Tesla customers who have spent significant amounts of money investing in the Tesla solar division only to be refunded and must start from square one. In 2016, Tesla acquired its solar business by taking over SolarCity. Since then, Tesla has gained much momentum with a record-breaking quarter in Q2 of 2022. Their energy storage division delivered a record number of batteries in Q3 2022 as well. So why would Tesla make the announcement to cancel many solar projects in some markets, even some that have already begun?
In Q3, Tesla decided to stop scheduling solar roof projects in most markets. With the world’s first Tesla solar neighborhood becoming a reality in Austin, much of the focus will be put here. This unfortunately means much smaller-scale residential projects in specific areas will begin to be shut down in some markets. Tesla explains that these specific areas include: the greater Los Angeles area, northern California, Oregon, and Florida. This is very monumental for third-party installers, especially since Tesla has mentioned they will refer customers to certified installers.
LG Too?
LG decided to pull out of the solar panel business in June of 2022. Their official statement is below:
“The decision was based on factors like increasing material costs, increasing logistics costs, and supply chain constraints. This announcement looks ahead as LG concentrates on other high-value products and services like energy storage systems and energy management solutions. “(2)
The company has stated that they will continue to honor and support all limited warranties in the US as well.
While both multimillion-dollar companies are reducing their residential solar divisions, SolarTech offers a wide range of products for homeowners and even business owners. From residential solar panels to energy storage to even pool heating panels.
Call today for a FREE solar quote and up to $2,000 off!
www.solartechonline.com (619) 743-9198