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Elon Musk wants you to rent his solar roof panels for only $50 a month

If only Tesla leases were this cheap…

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Image: Quartz

It wouldn’t be a new week without Tesla CEO Elon Musk taking to Twitter to launch something or the other. Today, he’s relaunching Tesla’s solar power roof business, with a new rental plan. Residents of six US states will be able to rent full-roof solar panels starting from $50 a month.

That’s a pretty decent deal, as Tesla’s solar panel packages start upwards of $7K.

Tesla has launched a solar panel rental plan

Tesla isn’t just a solar panel maker, of course. Pairing its solar panels with a PowerWall and a Tesla Model 3 makes all of your overnight charging taken care of, for $600 a year.

When’s the last time you spent less than that on gas in a year? Even my economical Mazda6 costs us almost three times that on a yearly basis. If you’re in a state with high electricity costs, the added value gets even larger.

  • Customers in California, Arizona, Connecticut, Massachusetts, New Jersey, and New Mexico can sign up for the plans
  • Rental rates are $50 per month unless you’re in California, where it’ll be $65
  • Expansion into Europe should come next year
  • In Musk’s own words “it’s like having a money printer on your roof”

With Tesla’s solar power business in the shade of its competitors, this seems like a good way for the company to increase sales. Maybe by the time I buy a house, Tesla will have a similar scheme in my home state…

What do you think? Is this something you’d be interested in? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.

Editors’ Recommendations:

Maker, meme-r and unabashed geek. Hardware guy here at KnowTechie, if it runs on electricity (or even if it doesn't) I probably have one around here somewhere. My hobbies include photography, animation and hoarding Reddit gold.

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