xcel Energy, the parent company of the Tesla Motors electric car company, has launched a new SolarPower Grid, which aims to give homeowners and businesses the best value from their solar power.
The new solar system is powered by the company’s Xcel Energy Booster, which is an electric vehicle battery that is paired with a solar panel and generates power from sunlight.
The system can run off of a battery, and is meant to deliver solar power to homes, businesses, and utilities in the same way that wind and solar panels can.
The solar panel itself is powered with solar energy, which will provide about 20 percent of the power, according to the company.
The SolarPowerGrid is the first of its kind in the US, and it has a total price tag of $1,200,000.
SolarPowerGrid uses the same design that is used in Tesla’s Powerwall solar panel, which has an inverter and battery.
SolarPower is owned by Xcel, which owns the Tesla Model S and Model X. The company’s announcement about the new system, which was posted on its website and on the company blog, came as a surprise to some.
“While we do not disclose pricing at this time, we have been pleased with the quality of the systems we’ve received,” the company said in the post.
“The new SolarGrid is more economical than competing solutions and provides more utility value than the current solutions currently in use.”
The SolarPowerSystem will cost between $100 and $300 per kilowatt hour, depending on the system.
It will be built using the company Xcel Solar Energy System Builder.
The product will be available for $2,400 and will be delivered in June.
The system is still in the planning stages, and the company is working on the technical specifications, according the blog post.
“We are pleased to bring this technology to the marketplace to assist our customers and partners in achieving the greatest value from solar,” said Michael Tinsley, chief executive officer of Xcel.
“We are confident that this innovative technology will provide customers with the most cost-effective solar solutions available, and we are committed to further developing the SolarPowersystem to meet the changing needs of the utility industry.”
As of today, solar is the fastest growing source of electricity in the United States, and demand is expected to continue to grow as the energy transition takes hold.
According to the Energy Information Administration, solar power accounts for about 6.4 percent of U.S. power generation in 2022, up from about 3.6 percent in 2015.
The total value of solar power is expected increase by 4.7 percent to $11.7 trillion in 2022.