Tesla recently announced that it will be offering a solar rental program to residents in 6 states – Arizona, California, Connecticut, Massachusetts, New Jersey, and New Mexico. With costs as low as $50/month, no upfront installation fees or long-term contracts, the program seems like a terrific option for those looking to go solar without the commitment and initial expense.
Once you choose which size panel you’d like to install (small, medium, or large), you’ll pay a monthly rental fee that covers not only the price of the panels, but hardware, installation, support, and maintenance, too. However, these monthly rates are subject to change at any time, according to Tesla’s subscription agreement.
That’s not the only downside of these solar panel rentals. Because you don’t actually own the panels, you don’t have access to any available incentives or tax credits, and do not have the rights to any SRECs the system produces.
This is a sponsored post by SolarReviews.