Tesla's $13,000 home batteries could be leased similarly to SolarCity scheme
Tesla's home batteries has been made available to about 300 customers of SolarCity, a company in which 'Musk, Tesla’s chief executive, is both chairman and a major shareholder.
Investment analyst 'Trip Chowdhry said in an interview that he had happened to meet a couple of these customers at trade shows last year.
One of them had had the system installed for more than a year.
Chowdhry pressed them for details, and here are the basics, according to what he was able to learn:1.
The system is offered, currently, in 10 and 15 kwh configurations to solar customers who do not own electric vehicles or plug-in hybrids.2.
The battery pack costs about $13,000, and Pacific Gas & Electric offers a 50% rebate for using the system presumably because it can be used to decrease load on the grid during peak use hours.3.
Financing is set up for the customer to make an initial $1,500 payment, followed by $15 monthly payments for 10 years at the end of which the battery is returned to SolarCity.4.
Tesla has permission from customers to monitor data from the systems.5.
Tesla packages the battery pack in what Chowdhry described as an attractive cabinet, available in white or a dark color.
+Tesla Motors declined to comment for this article according to +The Guardian
“It’s clean, it’s quiet and it looks good in the garage,” Chowdry said, adding that it sounded like a worthwhile expenditure for someone who spends $100 to $150 per month on data services for phones, computers, televisions and other devices.
“This is a speculation on our end, based on what we’ve seen on Tesla battery storage, but so far, this makes sense.”
Why install a battery system at home? Chowdhry pointed to customers relying upon constant connection with “the digital highway”, noting that it could take up to 45 minutes to re-power devices and re-set digital clocks when the power went out.
“If you are a gadget person living a digital life – you have iPhones and computers and you always want to be connected – the storage battery is a dream come true,” he said.
Like the batteries that power Tesla’s cars, the residential units are made with lithium ion cells, which the automaker plans someday to manufacture in Nevada at its so-called (and yet-to-be-built) Gigafactory.
The home battery packs would, of course, differ in arrangement from the automotive ones, which are laid out horizontally to fit beneath Tesla’s cars.
Read also Bloomberg: Tesla has tested batteries for use in home and by businesses in Wal-Mart stores
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Picture credit: +Simon Dawson/+Bloomberg