Tesla relaunches solar division, will rent rooftop systems in 6 states

Dive Brief:

• 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.

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