Why Tesla is Letting People Rent the Power of the Sun in Six States

Six states will soon be able to rent the power of the sun. Arizona, California, Connecticut, Massachusetts, New Jersey and New Mexico are included in Tesla’s new solar roofing rental plan at that price, Tesla CEO Elon Musk announced on Aug. 18.

The plans will be for as little as $50 and will not require a long-term contract. However, to cancel the service, Tesla charges $1,500 to remove the panels. The company says this covers the cost of the uninstallation and that it does not make a profit in the process.

The move follows the release of the company’s second quarter earnings report, which revealed the fewest installations since Tesla acquired SolarCity three years ago.

The service is not available to home renters, but owners can choose among three different sizes, with corresponding price and energy generation.

The small system is 3.8 kW, medium is 7.6 kW, and large 11.4 kW.

For the latest energy news, head to our industry page! You can also follow us on Twitter at @EnergyMKSL! Be sure to join the conversation in our Market Leaders LinkedIn groups!

Follow us on social media for the latest updates in B2B!


Destination Weddings & Travel
Here’s How Destination Weddings Will Guide Hotel Business Models in 2022
December 3, 2021
  Celebrating stories of love in beautiful locations sounds like a dream job, and it is for Karen Bussen, the exclusive designer for Weddings by Palladium. Bussen joined Say Yes to Travel host Read more
Does the Insurance Model of the Future Exclude A Traditional Health Insurance Carrier
Does the Insurance Model of the Future Exclude A Traditional Health Insurance Carrier
December 3, 2021
  U.S. insurance is privatized, which presents a host of challenges. Michelle Zettergren, Chief Sales and Marketing Officer of Brighton Health Plan Solutions and Nick Stefanizzi, CEO of Read more
What to Keep in Mind as the Holidays Approach
December 3, 2021
The holiday season is here, filled with many days to celebrate. The hosts of Safety Justice League, Jason Lucas, Abby Ferri, and Jason Maldonado, treated listeners to their second annual holiday special Read more