Tesla launches third version of Solar Roof tiles for home use

Tesla has launched its Solar Roof, a solar power-harvesting roof for residential buildings.

Tesla's latest version of its solar roof tiles -- originally announced back in 2016 -- finally launched on Friday.

On Friday, Tesla launched its latest iteration of solar roofing, which is allegedly three times sturdier than traditional shingles. These dark, tempered glass tiles, which company CEO Elon Musk refers to as "solarglass" tiles, have been designed to resemble traditional roofing while supplying homeowners with the energy benefits of solar panels.

According to Musk, "integrated solar tiles only make financial sense for new houses or replacement roofs. If your roof is more than 5 years away from replacement, solar retrofit is recommended." 

Though only one type of solar tech-equipped shingle is available as of now, the company has plans to offer more styles in the future -- possibly every six to nine months -- including those that look like clay or other materials.

Based on the estimate pricing outlined on the Tesla website, outfitting a 2,000-square-foot roof with the Solar Roof tiles will cost approximately $42,500 before federal tax incentives, a cost comparable to that of installing traditional shingles. This price, however, is subject to change depending on the complexity of the roof. Installations are set to begin over the next few weeks.