Tesla Inc. TSLA, +1.29% has slashed prices on its residential solar-power systems by as much as 25% in an effort to boost sales, Reuters reported Thursday, citing Sanjay Shah, the company’s senior vice president of energy operations.
Effective immediately, price quotes for potential solar customers will be between $3,000 and $5,000 lower on average, Shah said, according to Reuters.
Tesla last month told investors it had deployed 93 megawatts of solar-energy systems in the third quarter, up 11% from the second quarter but down from 109 MW in the third quarter of 2017.
