Tesla is making solar energy and home battery storage more accessible with a newly launched leasing program in the United States. The program allows customers to lease solar panels for 25 years and Powerwall 3 units for 12 years, giving homeowners predictable monthly costs and the flexibility to purchase their systems later.
Affordable Entry Into Clean Energy
One of the biggest barriers to adopting solar and energy storage is the upfront investment. Tesla’s new program is designed to lower that hurdle. Customers can start with a $600 upfront cost for solar installations and just $100 per Powerwall. Payments only begin once the system is installed and activated with utility approval.
Unlike traditional solar loans, Tesla remains the system owner and directly benefits from available tax credits and incentives. The company then passes those savings along to customers through reduced monthly payments. With this structure, Tesla positions leasing as the most affordable path to solar adoption compared to financing or outright purchase.
Fixed Payments, Rising Utility Bills
According to Tesla, lease payments are locked in for the full term, a key selling point as utility costs continue to climb nationwide. Tesla also guarantees 95% system availability over the life of the contract, evaluated every two years. Customers receive peace of mind knowing their energy system is monitored, serviced, and fully maintained by Tesla—including battery and inverter replacements.
“Leasing provides the lowest upfront and monthly costs, while ownership still delivers the greatest lifetime financial benefit,” Tesla explains. “Our lease option is designed for those who want predictable payments, limited service responsibility, and the flexibility to buy later.”
Buyout Option and End-of-Term Flexibility
A unique feature of Tesla’s program is the ability to buy out the system after five years, with pricing outlined in the lease agreement. For those who prefer not to purchase, options at the end of the term include renewing for an additional five years at a new rate or having Tesla remove the equipment (for a fee).
When selling a home, customers can transfer the lease to the buyer or pay off the lease early—both options managed directly through the Tesla app.
Powerwall and Solar Coverage
The lease terms differ slightly depending on whether customers choose solar alone, Powerwall alone, or a combined package. Solar leases run for 25 years, while Powerwall leases cover 12 years. Both include a 3% annual escalator.
As utility rates continue to rise and extreme weather drives up demand for reliable backup power, Tesla’s new lease program could make the transition to clean energy far more appealing to households that might otherwise hesitate. By lowering upfront costs, guaranteeing service, and offering the option to buy later, Tesla is positioning its solar and Powerwall solutions as both an affordable and practical step toward long-term energy independence.
