Tesla has slashed the price of its solar panels in an attempt to revive sales

Tesla has cut the prices of its solar panels today in an attempt to halt the decline of its solar business. Its online configuration tool now lists a 4kW array of panels as costing $7,980 after a federal tax credit, which works out to just over $1.99 per watt including installation. Depending on where customers live, The New York Times notes that price per watt could drop as low as $1.75, which is 38 percent less than the national average of $2.85, and much less than Tesla charged previously.
The head of Tesla’s solar business, Sanjay Shah, highlights two main ways Tesla is making these price reductions possible. The first is by standardizing more of its installations. Customers will now only be able to purchase panels in increments of…

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