TECH
Tesla launches solar rental service, can get a solar panel system for $50 per month
TECH

Tesla launches solar rental service, can get a solar panel system for $50 per month

Published: August 17, 2019  |  3 min read, 591 words
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Tesla is launching today a solar rental service – a brand new way to get a solar panel system on your roof for as little as $50 per month without any long-term contract. SolarCity pioneered new models to sell solar power systems with no upfront cost by leasing them to homeowners and selling them the electricity it generates, like a regular electric utility. The model created impressive growth, but it required them to pay for the costly systems upfront on most installations, which weighed heavy on their financials. When Tesla acquired SolarCity back in 2016, it gradually moved away from... READ MORE
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Fred Lambert
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CRITIC REVIEWS

Great Context
August 20, 2019
Great Context
A brief but nevertheless informative read regarding solar power use in residential settings. The reader may, however, particularly with the author's take in the second section, read it as a bit of an advertisement. That aside, prospective readers should find that it adds contextually to their research, information, and understanding of the referenced issue.
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PUBLIC REVIEWS

Balanced
August 18, 2019
Balanced
It seems Tesla is more interested in making solar power available to the masses then it is in making a profit. The article details how Solar City got into financial difficulty with its solar panel rental model because it had all the upfront costs of purchase and installation and years to break even or make money. This new model from Tesla changes nothing about that earlier model ie Tesla has all the upfront costs and many years for the small rental fees to pay for the system, let alone turn a profit for the company. Seems like a noble gesture to reduce GHG emissions and enable people of all financial situations to use much cheaper solar energy, but its a risky move for the company financially.
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Great Context
August 18, 2019
Great Context
This a great article outlining Tesla's solar rental strategy and what consumers can get out of the deal. The author does well to provide relevant electricity and financial figures to paint the picture for consumers, but does well to write the story in a way that easy to read even for those not familiar with industry terminology.
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Balanced
August 18, 2019
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