Tesla's growth when it comes to solar panel installations

Tesla obliges to be on quarry to triple its 2017 energy storage deployment strength of 410 MW. The solar panel installation company is also encouraging about its solar business, and the company’s quarterly letter to shareholders says that Tesla expects to “experience mild growth for another quarter or two before our revised sales strategy starts to show its full impact in final deployments”.
Tesla has continued to grow its energy storage business but is also seeing a continued slide in slow solar power deployments per its First Quarter 2018 update.

Consumers who decided to go solar are now interested in solar storage

This joins with market research suggesting 74% of solar power customers are interested in energy storage, but also Tesla’s emphasis on energy storage. The solar panel installation company recorded that a ‘significant part’ of its customer base is holding off on solar panel installations within their residential solar panel power systems till they can install a PowerWall alongside their solar.

Tesla has also continued to push away from the solar leasing business

Those percentages mean capital and loan sales were 50 MW of total solar, moving below 26 MW of solar panel installation leasing in the quarter. Tesla has also continued to push away from the solar leasing business, with cash and loan system sales making up 66% of residential deployments in the quarter, an increase from 31% in Q1 2017 and 9% in Q1 2016.

First quarter extent was boosted by huge Australia 100 MW/129 MWh being officially applied to the books. The quarter recognized 373 MWh deployed – just short of 2017’s total volume deployed of approximately 410 MWh. The first quarter numbers were a 161% increase over the Q4 2017, and 621% larger than Q1 2017.

The Solar panel installation company announced it has a meaningful backlog of PowerWall orders, and on the conference call insinuated that product request wasn’t the issue.

This was right around when Elon suggested that a 1 GWh energy storage system may be announced sometime in the coming months. As there have been no official announcements of a 1 GWh energy storage system, this might become be the first. 
There has never been a better time to install a solar energy system!

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. See how much a system will save you over the next 20 years. 

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.