If things go in the right direction Tesla may surprise Wall Street again with its Energy program as first, it lowered the price of solar roof and panel installations and now doubles the referral reward.
As per Tesla’s page for its referral program, customers who use the referral link of an existing customer would receive a $100 award after the activation of their residential solar or Solar Roof system. Existing customers, on the other hand, would receive a $400 award for every solar referral. Once a customer’s solar referrals hit 10 and above, a Powerwall would be awarded for free.
“Anyone using your referral link can earn a $100 award after system activation for solar panels or Solar Roof to reduce reliance on the grid and produce clean solar energy. You will earn a $400 award for each solar referral. Additionally, you will earn one Powerwall for 10 or more solar referrals, limited to one award,” Tesla wrote.
The move comes as Tesla is really trying to position itself back as a top residential solar installer in the US. The new referral structure also applies to Tesla’s solar roof.
As Simon Alvares of Teslarati notes “Tesla Energy has a lot of potentials to disrupt the utility sector. According to legendary billionaire investor Ron Baron, Tesla Energy has the potential to be worth $500 billion on its own. A lot of this is due to the opportunities for expansion in the solar market and the battery storage industry. What’s interesting is that Tesla’s energy business is largely ignored by analysts who follow the company. This means that Wall Street may very well be surprised once more once Tesla Energy starts seriously ramping and firing on all cylinders.”
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