Elon Musk’s Latest Plan for the Solar Market: Rentals

By [email protected] Tesla will now rent solar systems to customers in six states for $50 a month, in a scheme to boost residential solar deployments after it logged its lowest quarterly installations ever in Q2.

In a Sunday tweet, CEO Elon Musk said the new sales model is “like having a money printer on your roof if you live in a state with high electricity costs.” Customers of 20 utilities in Arizona, California, Connecticut, Massachusetts, New Jersey and New Mexico — states with relatively high electricity costs and good solar resources — can sign up for rentals.

There’s no cancellation fee if a

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