Tesla will build 'the country's most sustainable' solar neighborhood in Southeast Austin

• There's a brand-new gamer in the Austin housing market: Elon Musk.

The initial Tesla Solar community-- called the nation's most lasting residential community-- will be constructed in Easton Park, a master-planned area in much Southeast Austin near McKinney Falls State Park. The recently built residences will certainly feature Tesla solar roofing system tiles as well as Powerwall battery storage space as well as electric lorry billing terminals.

Tesla Energy, Brookfield Asset Management as well as realty development firm Dacra introduced the effort, which intends to create a brand-new model for large-scale sustainable housing projects, on Friday.

" Neighborhood solar installations across all real estate kinds will improve just how individuals live," Musk stated in a press release. "The comments we receive from the solar as well as battery products made use of in this neighborhood will affect just how we develop as well as launch new items."

The area might act as "Austin++," which Musk teased on Twitter in April, calling attention to the "urgent demand to develop more housing in greater Austin," where the mean home prices has actually increased $135,107 year-over-year, according to the Austin Board of Realtors. House prices in the forthcoming advancement were not instantly readily available.

The initial phase of the SunHouse at Easton Park, a provisionary name, will begin in June, with a tasting of homes under construction. With insight from the first phase, the second stage will incorporate "considerably much more homes," according to the release. The objective of the last stage is to develop an "energy-neutral" community, with residences generating adequate energy to provide their citizens' everyday demands and also minimize demand on the state's distressed electrical grid.

SunHouse residents will also be provided with backup storage in the event of a power outage-- an extra important problem following the catastrophic winter season storm in February-- and might even be compensated for providing excess power to the grid, according to the launch.

"As consumers significantly seek energy protection alongside sustainable areas to live, incorporating Tesla's solar innovation with Brookfield's realty and renewables growth capacities will certainly help us satisfy need for ecologically accountable communities of the future," Brookfield Managing Partner Brian Kingston said in a statement.

Austin Mayor Steve Adler welcomed the project, which he called "an example of out-of-box thinking that remains to make our neighborhood a beacon of development for the remainder of the country and globe," in a declaration.