Image: Tesla
Tesla is expanding its clean energy business in the U.S. with the launch of a new solar lease option that includes Powerwall, giving homeowners a more affordable way to access solar power and energy storage.
According to Tesla, leasing solar provides the lowest upfront and monthly costs compared to financing with a loan, with fixed monthly payments that won’t rise with utility rates. Customers can choose between a 25-year lease for solar plus Powerwall or a 12-year lease for Powerwall-only setups. Each option includes maintenance, service, and system monitoring for the full term, with Tesla guaranteeing 95% system availability.
One of the biggest advantages of the new program is flexibility. Customers have the option to buy the system outright after five years, transfer the lease to new homeowners if they sell their property, or simply renew the lease at the end of the term. Installation is handled by Tesla, with payments starting only after the system is activated and approved to operate.
The move comes as Tesla continues to scale its energy business. Just last month, Tesla hit 1 million Powerwall installs across the globe. In 2024, the company was the global leader in energy storage for the second year in a row, commanding 14% of the market. More recently, Tesla teamed up with U.S. solar giant Sunrun to launch a fixed-rate clean energy plan in Texas, offering households predictable energy costs backed by solar and storage.
Together, these efforts highlight how Tesla is building out its energy ecosystem alongside its EV business. With growing demand for home batteries, solar power, and grid resilience, leasing provides a lower barrier to entry for customers who want the benefits of Tesla’s clean energy products without the high upfront cost.
