Tesla announces new rent solar program

On August 18, 2019, Tesla announced their new with hopes that it will bolster their declining solar business. The program is offered in 6 states — Arizona, California, Connecticut, Massachusetts, New Jersey, and New Mexico — with costs starting as low as $50 per month.

Not only does the program offer a low monthly rate, there are no upfront installation fees or long-term contracts. Being that there is no binding obligation, a renter can choose to have the system removed from their home at anytime – for a fee. As part of the agreement, renters give Tesla the rights to all eligible tax credits, rebates, and solar renewable energy credits (SRECs).