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I never thought this day would come. Media is covering environmental issues like it’s the presidential elections. Everyday, there’s a company with an innovation that promises to not only cut the cost of energy but eventually eliminate our carbon footprint.
Last month, Standard Industries’ GAF Energy introduced a new solar roof that’s designed for the masses at the CES trade show in Las Vegas. They call this the Timberline Solar.
David Millstone, co-CEO of Standard Industries, said that Everybody who has put solar up has tried to do it by going around the roof. You have waterproofing problems, and it’s ugly, too. It doesn’t make for very good roofing
Timberline Solar integrates a nailable solar shingle that will be assembled at GAF Energy’s facility in San Jose, California. They said this is the world’s first solar shingle.
To guarantee it’s safety and durability, GAF Energy worked with the Department of Energy’s Sandia National Laboratories
What’s even better news is that it promises to be everything that Tesla’s solar roof is not. They promise that it is way more affordable and there is no multi year wait. It’s also experiencing some legal challenges.
In December, Reuters reported that the Securities and Exchange Commission had opened an investigation into whether it failed to properly notify shareholders of fire risks associated with solar panel system defects over several years
GAF is not going into this game with nothing but wishful thinking. They are one of the biggest roofing companies in the US.
More than 5 million new roofs are installed on U.S. homes each year. GAF has 25% of the market share. If at least 10% of that yearly demand goes solar, at a rough price of at least $10,000 per roof, that would account for more than $1 billion in solar roofing revenue for the company.
This is fantastic news for our environment. AlI have no doubt they will succeed. They are already THE roofing company of America. All they need, in every sales call, is mention solar roofing. It would be very hard to fail
Here is the problem though… we don’t have enough silver to meet the demand. We have been saying this for a long time and no one seems to be listening. We need to shift to renewable energy but we don’t have enough silver.
We need to start looking into other sources of energy such as hydropower. If we rely on solar energy, we will not be able to fully transition to renewable energy.
We just don’t have enough silver.
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