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Tesla Offers No-Contract Solar Panel Rentals, With a Catch

  • Rental option hearkens back to SolarCity’s popular solar lease
  • Tesla to charge $1,500 for system removal under rental option
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Tesla Inc.’s latest bid to revive its foundering solar division may sound familiar: rentals.

The Palo Alto, California-based company is now offering panel packages with “no long term contract” as part of a relaunch announced Sunday by Chief Executive Officer Elon Musk. But there would be a $1,500 charge if the customer opts out and requests the system’s removal.