Tesla may be best known for its model line of electric vehicles, but the company’s Powerwall offers owners a way to store energy.
You’re here Powerwall is a solution for storing energy for later use, and the price, as well as its relative value, will depend on various factors, including the number of Powerwall units a consumer needs. While Tesla is no stranger to offering battery-related solutions, Powerwall takes the company’s energy goals off-road and at home. While the price varies by household, here’s a brief rundown on some of the more general pricing points consumers might want to know before placing an order.
Tesla is probably best known for its electric vehicles. With a variety of Model brand electric vehicles to choose from, the company offers an option for most buyers. The notable exception here is anyone looking for an electric car that costs less than $ 30,000, although the company is also considering offering an option to those consumers soon. Apart from its cars, Tesla also offers electrical and energy solutions for the home, including solar panels and Powerwall.
Tesla’s Powerwall stores energy when needed, for example during a power outage. In fact, Powerwall is automatically able to detect when a power outage occurs and then automatically authorize itself to power the house and all the electrical devices inside. In terms of price, this can vary wildly depending on the user’s needs. When attempting to order Powerwall, Tesla’s website will ask for the address where the batteries will be located, as well as the average monthly electricity bill for the home. The website then automatically suggests what it considers the best configuration, which may include more than one Powerwall unit. However, as a rough guide, a single Powerwall unit costs $ 7,500, and a $ 1,000 gateway is also required. Not to mention, a Powerwall installation fee can cost up to $ 5,000, depending on the number of Powerwall units.
Is Tesla’s Powerwall Worth It?
The value of Tesla’s Powerwall will largely depend on the individual home and its requirements. Arguably, in areas where homes are more often prone to power outages, being able to literally keep the lights on could make Powerwall a great option. As is often the case with Tesla, spending is where it comes at a premium, but the company’s products tend to expect their true cost to decrease over time. Besides, there are other ways to save money as well. For example, Powerwall is compatible with the company’s solar energy solutions and can even be charged by solar energy if desired. Additionally, the company explains how, when paired with a solar installation, the buyer may be eligible for additional federal, state, and local incentives and credits, further reducing the overall cost.
Speaking of which, those who have already invested in solar power may particularly find Powerwall as a worthwhile purchase. Aside from blackouts, and since Powerwall can be charged via solar power, it can be used as a daily supplement to a solar fireplace by providing electricity at night when the sun is not shining. This is yet another example of how the value of Tesla’s Powerwall ultimately depends on a household’s existing (or future) energy configuration, as well as specific needs and requirements.
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