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Cost, what states the panel is offered in
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PALO ALTO, Calif. – Tesla is trying to spark its solar-panel business by letting consumers rent rooftop systems rather than buy them.
Tesla 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.
Besides California, rentals will be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico.
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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.
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