Tesla is making it easier to utilize solar energy which has the potential to meet the electricity needs of people effectively saving them a lot of money on electricity bills.
The company has rolled out a rental program that will let you rent solar roofs for prices as low as $65 per month. The mid-sized and large panels will cost you $130 and $195 respectively. Also, these monthly rental prices include the costs for the panels, all essential hardware, installation, support, and maintenance. Impressive, right?
“With the new lower Tesla pricing, it’s like having a money printer on your roof if you live a state with high electricity costs,” said Elon Musk in a tweet.
You can also make a permanent purchase of these solar panels which will cost you $7,581, $15,162, and $22,743 respectively after federal income tax credits. By switching to solar panels, you can save up to $500 per year in your electricity bills. The best part is that you can cancel the service anytime you want.
Currently, Tesla Solar Panels are limited to six states in the US namely Arizona, California, Connecticut, Massachusetts, New Jersey, and New Mexico. However, Musk has confirmed that Tesla Solar will launch in Europe next year.
In case you’re wondering, a small Tesla solar panel has the capacity of 3.8 kW while the medium panel has 7.6 kW and the large panel has 11.4 kW capacity. You may upsize your Tesla solar panel whenever you want but downsizing the existing panel will cost you $1,500 removal fee. Moreover, you can transfer the agreement to the new house owner if you’re planning to sell your home.
While all these sound incredible, the situation does not look quite good as Walmart has filed a lawsuit against the company as their panels have caused fire accidents in seven of Walmart’s stores which led to the loss of property. We’ll have to wait to witness if this lawsuit negatively impacts the sales of these new solar panels.
Buy/Rent Tesla Solar Panels