Tesla to reduce solar panel prices by up to 38 percent: NYT

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Tesla to reduce solar panel prices by up to 38 percent: NYT
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Tesla Inc plans to announce on Tuesday that it has started selling solar panels ...

FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

The company aims to cut the prices by standardizing systems and requiring customers order the items online, the report said. In 2016, the electric car maker bought SolarCity for $2.6 billion, through which the company planned to offer solar panels and home battery storage systems to consumers. The move was a sharp reversal from SolarCity’s populist vision of making rooftop solar accessible to all, and sales under Tesla have lagged. Late last year, Tesla cut prices on its residential solar systems.

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