Tesla Restarts Its Solar-Panel Business, Offers Rental Plans - NBC10 Boston

Tesla Restarts Its Solar-Panel Business, Offers Rental Plans

Tesla Inc. CEO Elon Musk announced the offering in a series of tweets Sunday

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    Tesla Restarts Its Solar-Panel Business, Offers Rental Plans

    Tesla is trying to spark its solar-panel business by letting consumers rent rooftop systems rather than buy them. (Published Sunday, Aug. 18, 2019)

    Tesla is trying to spark its solar-panel business by letting consumers rent rooftop systems rather than buy them.

    Tesla Inc. CEO Elon Musk announced the offering in a series of tweets Sunday.

    The company will allow residents of six states to rent solar-power systems starting at $50 a month, or $65 a month in California, for a small set-up.

    Musk says consumers can cancel anytime, although Tesla's website says there's a $1,500 charge to remove panels and restore the roof to its previous condition.

    Frederic J. Brown/AFP via Getty Images

    Besides California, rentals will be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico.

    Electric car maker Tesla bought residential solar installer SolarCity for $2.6 billion in 2016 but installations have plunged in recent quarters. Tesla stopped selling systems in Home Depot stores.