Author: Robert Walton Published: August 20, 2019 Utility Dive
- Tesla CEO Elon Musk announced on Twitter Sunday that the company has “relaunched” its solar division and will offer to rent rooftop panels to homeowners in six states, starting at $50/month for a 3.8 kW system.
- The company plans to offer panels for rent in Southwest states that get a lot of sun throughout the year, like California, Arizona and New Mexico, and East Coast states with clean energy goals, like Connecticut, Massachusetts and New Jersey.
- Tesla bought SolarCity in 2016, when it was the leading solar installer in the United States. Since the $2.6 billion acquisition, the company has lost market share as installations declined.