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While Tesla is currently best known for its electric cars, the company provides solar power systems to consumers as well. In fact, they do this at one of the lowest prices in the industry – currently about $2.01/watt before incentives. This week, Tesla quietly started offering a new incentive to those considering the purchase of a Tesla solar panel or solar roof system: $500 cash back.

To take advantage of this offer, you need a Tesla referral code or link – that same code you use to get free supercharging on a Tesla car purchase. Any current Tesla car owner or Tesla solar owner can provide you with the code or link – just ask them. If you need one, feel free to use mine:

Tesla Referral Link <– use this for a cash bonus on your Tesla solar purchase

If ordering by phone or chat, you can use Tesla referral code: christopher55570

Tesla Solar

Tesla offers solar power systems at some of the lowest prices in the industry. Photo courtesy of Tesla, 2021.

The referral code discount for solar is not new, but before last week, the incentive was just $100, so Tesla just increased that by five times. Current Tesla owners who refer new buyers to Tesla solar also get a $500 incentive, an increase from the previous $400 bounty. The $500 payment is sent to buyer and referrer after the solar power system has been successfully installed at the new customer’s residence.

As our own Johnna Crider wrote, Tesla Solar has been becoming more affordable. Tesla recently dropped the interest rate from 5.99% to 0.99% (10 year term) for those who prefer to finance their solar purchase. This saves customers thousands of dollars in interest over the term of the loan. And because it is a purchase, not a rental or lease, the customer is eligible for any state or federal incentives.

As for why Tesla Solar is so much cheaper than the competition, our editor Zach Shahan wrote about this recently after an exchange with Elon Musk over Twitter. As Elon explained, the cost of materials and installation is not super-high. The reason most competitors charge more is that they have the overhead of salespeople. Just as Tesla eliminated the need for car salespeople and dealerships by taking the ordering and buying process online, they’ve done the same for solar systems. Also, by providing a limited number of configurations (small, medium and large systems) the company has eliminated much of the manual effort involved in putting together a system.

When Tesla acquired Solar City’s solar business in 2016, some were skeptical about the deal, and some thought it made perfect sense. For Elon Musk, the acquisition was a no-brainer: if you’re trying to wean the world from its fossil fuel addiction, you can’t just fix the transportation sector by displacing gas-powered cars with electric ones, you have to address the consumer power market too. And so Tesla has been installing solar power systems, residential batteries and massive commercial battery power systems in an effort to eliminate fossil fuels as the primary source of electrical power.

Is there a catch to signing up for Tesla solar? Sort of. Musk believes that solar power systems are much less valuable without battery storage. So at this point, you cannot purchase a solar panel system or solar roof from Tesla without one or more of Tesla’s PowerWall batteries. And these batteries aren’t exactly cheap ($10,500 at publication time). The benefits or having battery storage in your solar system are huge: you can shift your power usage from peak levels to off-peak levels, reducing your impact on the grid and saving you money. You also have emergency back-up power in the result of a blackout or grid failure – something we’ve been seeing more frequently with super storms and the impact of climate change. But the fact remains that these batteries do increase the cost of a system, and this should be considered as you make your own choice about what type of solar power system to install at your own home.

Read more about the Tesla referral program or about Tesla solar.

 

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Daily Ev Recap: Ultra-fast charging adds 370 miles of range in 10 minutes

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.

Stories we discuss in this episode (with links)

Everrati rebrands B2B EV conversion arm to ‘Powered by Everrati’ amid clientele increase

Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation

CATL unveils world’s first LFP battery with 4C ultra-fast charging for 370-mi in 10 mins

Tesla (TSLA) surges on Elon Musk trying to ride AI wave

Tesla expects its 4680 battery cells to be cheaper than suppliers by end of year

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Drop us a line at tips@electrek.co. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

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You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

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Watch the world’s first artificial energy island being built [video]

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Watch the world's first artificial energy island being built [video]

The first of 23 caissons for Princess Elisabeth Island, the world’s first artificial energy island, is nearly complete.

Princess Elisabeth Island will be an electricity grid at sea that will connect offshore wind farms to the Belgian mainland and also serve as a hub for future interconnectors with the UK and Denmark. Belgian electricity transmission system operator Elia is the project’s developer.

The 20,000-ton caissons, which will form the energy island’s outer walls, are being built at Jan De Nul Group and DEME’s construction site in Vlissingen, the Netherlands. It takes around three months to build one caisson. The production process is split into five 20-day stages. The caissons are moved between the different work sites using “runners,” which takes about six hours. 

When the caissons are ready, a semi-submersible vessel will transport them further down the harbor, where they’ll be temporarily stored in the water. They’ll then be moved to their final location in the North Sea this summer, weather allowing, said maritime infrastructure company Jan de Nul.

You can watch a time-lapse video of Princess Elisabeth Island’s first caisson being built here:

Princess Elisabeth Island is part of the larger Princess Elisabeth Zone, a future 3.5 gigawatt (GW) offshore wind farm in the North Sea, around 45 km (28 miles) off the Belgian coast. The world’s first artificial energy island will receive power from the wind turbines via undersea cables, and it will then be converted to high-voltage electricity and distributed to the Belgian mainland and other European countries. The energy island will combine both direct current (HVDC) and alternating current (HVAC).

The energy island will be finished in late 2026 when the electrical equipment will start to be installed. Princess Elisabeth Island is expected to be fully connected to all wind farms and the mainland by 2030. 

Read more: 2023 was a record year for wind power growth – in numbers


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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Honda joins EV race with historic $11B investment to build 240K EVs a year

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Honda joins EV race with historic B investment to build 240K EVs a year

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually.

Honda reveals game changing investment to build EVs

Honda announced its largest investment in Canada ever as it prepares for the electric era. The plans for a new Honda EV plant and stand-alone EV battery factory in Alliston, Ontario.

Once fully operational, the EV facility will be able to produce 240,000 EVs a year, while its battery plant will have capacity of 36 GWh per year. Production is expected to begin in 2028.

According to a press release from the prime minister’s office, Honda will build Canada’s first comprehensive EV supply chain. The project will include four new manufacturing plants in Ontario.

In addition to the EV plant and battery factory, Honda will build a cathode active material and precursor plant through a joint venture with POSCO Future M. A second is planned with Asahi Kasei Corp.

Honda-investment-EVs
2024 Honda Prologue (Source: Honda)

Justin Trudeau, prime minister of Canada, said Honda’s investment is a “game changer for manufacturing in Canada.” With a full supply chain, Honda expects to cut costs by over 20%.

Honda aims for EVs and FCEVS to account for 100% of vehicle sales by 2040. Honda also invested $700 million to retool three Ohio plants to serve as its hub for future EV and EV battery production.

Meanwhile, Honda’s first electric SUV, the Honda Prologue, went on sale earlier this year. Starting at $47,400 (excluding destination), the Prologue offers up to 296 miles range.


2024 Honda Prologue trim
Starting Price
(w/o $1,395
destination fee)
Starting price after
tax credit

(w/o $1,395
destination fee)
Starting price after
tax credit

(with $1,395
destination fee)
EPA Range
(miles)
EX (FWD) $47,400 $39,900 $41,295 296
EX (AWD) $50,400 $42,900 $44,295 281
Touring (FWD) $51.700 $44,200 $45,595 296
Touring (AWD) $54,700 $47,200 $48,595 281
Elite (AWD) $57,900 $50,400 $51,795 273
2024 Honda Prologue prices and range

With the $7,500 federal tax credit, the Prologue’s starting price can fall to as low as $39,900 (excluding destination).

Lace Woelfer, VP of Honda America National Auto Sales, said the Honda Prologue hits the “sweet spot” as a sporty, stylish electric SUV.

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