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.”
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