Solar Power WorldAugust 19, 201933
Tesla announced through a series of tweets by CEO Elon Musk that it has “relaunched” its Tesla Solar business by offering cookie-cutter solar-powered systems to rent. Musk said renters can save $500 a year in utility bills and can cancel the contract at any time.
Although industry professionals acknowledge there is no cookie-cutter option in solar (no two roofs are the same), Tesla will offer a small, medium and large solar-powered systems rental option:
Small solar-powered systems = 3.8 kW, ideal for a 1,000- to 2,000-sq-ft home
Medium solar-powered systems = 7.6 kW, ideal for a 2,000- to 3,000-sq-ft home
Large solar-powered systems = 11.4 kW, ideal for a 3,000+-sq-ft home
There is no upfront solar installation cost, no long-term contract, and the monthly payment can be canceled at any time. If homeowners want to remove the rented solar-powered system, it will cost $1,500. There is no specification of what happens to the system if homeowners don’t want to remove it but also don’t want to pay the monthly rental fee. A Powerwall battery unit cannot be added to rental agreements, but batteries can be purchased separately.
In California, the estimated monthly rental payment is $65 for small solar-powered systems, $130 for medium solar-powered systems and $195 for large solar-powered systems.
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