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Tesla has launched a new programme that is offering solar panels for rent rather than customers having to buy the technology.
CEO Elon Musk announced the offering in a series of tweets. saying while it is still better to buy. the rental option makes the economics obvious.
The new rental systems come in three sizes at three flat rates – 3.8KW for $65 (£54) a month. 7.6kW for $130 (£107) a month and 11.4kW for $195 (£161) a month.
Tesla says there is no long term contract and customers can cancel their monthly payment anytime.
Mr Musk tweeted: With the new lower Tesla pricing. it’s like having a money printer on your roof if you live [in] a state with high electricity costs. Still better to buy. but the rental option makes the economics obvious.
Last month. Tesla unveiled a Megapack energy storage system which it said could replace peaking power plants that generally provide electricity when demand is high.
