The electric carmaker is trying its hand — again — at offering solar power through a program renting out photovoltaic panel arrays in six states for anywhere between $65 and $195 per month. Observers say Rent Solar represents an attempt by Tesla to kickstart a flagging part of its business after panel installations continued troubling declines during the second quarter.
Is renting the answer? While there’s no long-term contract and virtually no other fees, except a $1,500 removal charge if customers opt out, founder Elon Musk himself insisted that it’s “still better to buy.”
Read this OZY story about solar power finding its place among America’s poor.