OPEN APP
Home / Companies / People /  Elon Musk relaunches Tesla solar panel business, you can rent one for $50 a month

Elon Musk relaunches Tesla solar panel business, you can rent one for $50 a month

Elon Musk said consumers could cancel anytime, although according to the Tesla website, there was a $1,500 charge to remove panels. (AFP)Premium
Elon Musk said consumers could cancel anytime, although according to the Tesla website, there was a $1,500 charge to remove panels. (AFP)

  • According to Tesla's website, one can rent solar power panels or solar roofs for as little as $50 a month
  • Besides California, solar panel rentals would be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico

San Francisco: Multi-billionaire tech mogul Elon Musk has relaunched Tesla's solar panel services, claiming that it could save a user about $500 a year.

Musk took to Twitter on Sunday to ask followers what they thought about the relaunch.

"Lmk what you think," wrote the entrepreneur with a link to the new website.

Besides California, solar panel rentals would be offered in Arizona, Connecticut, Massachusetts, New Jersey and New Mexico, Engadget reported on Sunday.

According to Tesla's website, one can rent solar power panels or solar roofs for as little as $50 a month and that cost included panel installation, hardware, and ongoing maintenance.

Musk said consumers could cancel anytime, although according to the Tesla website, there was a $1,500 charge to remove panels and restore the roof to its previous condition.

In June, Musk tweeted that he hoped to manufacture about 1,000 solar rooftops a week by the end of 2019.



This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout