Tesla Launches US Leasing Program for Solar Panels and Powerwall 3
Tesla has introduced a new leasing program in the US for solar panels and Powerwall 3 units, aiming to make the switch to clean energy more affordable and accessible. The program, launched by Tesla, offers leasing options for solar panels over 25 years and Powerwall 3 units over 12 years. Both leases come with a 3% annual escalator. Customers can expect fixed monthly payments for the full term, even as utility costs fluctuate, and are backed by a 95% system availability guarantee. Upfront costs are set at $600 for solar installations and $100 per Powerwall. Payments commence after installation and utility approval. The program provides predictable monthly costs and the flexibility to purchase the systems later. Customers can choose to buy out the system after five years or renew the lease for another five years at a new rate. Additionally, customers can transfer or pay off the lease when selling their home, all managed conveniently through the Tesla app. Tesla's new leasing program allows customers to harness the benefits of solar energy and home battery storage without the high upfront costs. By passing tax credit and incentive savings to customers through reduced monthly payments, Tesla aims to accelerate the world's transition to sustainable energy.
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