Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
PALO ALTO, Calif. (AP) — 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.
Besides California, rentals will be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico.
Insight by the Trezza Media Group: Technology experts from DoD’s JAIC, HHS and NOAA Fisheries explore machine learning and AI in this free webinar.
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.
Copyright © 2019 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.