American electric vehicle (EV) and clean energy company Tesla has announced the ‘lowest price’ for solar power in the US.
The firm says its average-sized solar system is one-third cheaper than the industry average.
A small solar system of 4.1kW capacity could cost customers $10,000 (£8,056) before incentives, while the price is down to $7,400 (£5,961), once subsidised.
The new prices for a large system of 12.2kW capacity are estimated to lead to $88,000 (£70,857) savings in California during the system’s lifetime.
A similarly sized system could bring savings of up to $55,000 (£44,310) for a household in New Mexico.
The new price announcement forms part of Tesla’s commitment to making solar energy more affordable.