Yuma residents can rent Tesla solar panels for $50 a month
Yuma residents will now be able to rent solar panels from Tesla at a rate of $50 a month.
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.
According to the website, a customer is required to own their home and be a ratepayer of a utility company including Arizona Public Service or San Diego Gas and Electric.
The website 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.
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.
