Groupon, Musk offer solar deal to incentivize PV sales

groupon-headquartersReuters

Why aren’t solar panels on every sun-facing home? Most will say the exorbitant installation costs.

While residential solar has made strides, Groupon (GRPN) and Elon Musk’s SolarCity (SCTY) are hoping to give it an extra jolt.

The two announced a partnership on Wednesday to offer a “daily deal” — paying a dollar for $400 off of home solar power. This is SolarCity’s first national deal and comes amid rising competition to dominate residential solar power.

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