In what was one of the more exciting released in the past few weeks, Tesla Motors (NASDAQ: TSLA) has released the Tesla PowerWall, a energy storage device for a “sustainable home”. It features a solution that helps conserve energy, but also to save money for owners, gracefully utilizing the cycles in energy production, generation and pricing for home owners. Here is how Tesla describes their new solution:
“Powerwall is a home battery that charges using electricity generated from solar panels, or when utility rates are low, and powers your home in the evening. It also fortifies your home against power outages by providing a backup electricity supply. Automated, compact and simple to install, Powerwall offers independence from the utility grid and the security of an emergency backup.”
With this solution, the idea is simple: particular customers conserve energy and finance by charging the PowerWall batteries through solar energy, use the low utility rates in through the night, providing a genius solution to an old problem. In a nutshell, it removes the need to plug in your washing machine, dryer or any other energy consuming heavy equipment or devices during the night, providing you with a simpler and more efficient way to run your life.
The Powerwall is available in 10kWh, optimized for backup applications or 7kWh optimized for daily use applications. Both can be connected with solar or grid and both can provide backup power. The 10kWh Powerwall is optimized to provide backup when the grid goes down, providing power for your home when you need it most. When paired with solar power, the 7kWh Powerwall can be used in daily cycling to extend the environmental and cost benefits of solar into the night when sunlight is unavailable. Tesla’s selling price to installers is $3500 for 10kWh and $3000 for 7kWh. (Price excludes inverter and installation.) Deliveries begin in late Summer with a dedicated professional installer needed to add this item to your home or offices, ensuring proper work mode is created for this product.
The small size of the Tesla PowerWall and the great efficiency it brings will definitely make this a coveted item. The idea is simple, yet so genius, yet so elegant, yet so good. Something we’ve grown a custom from Tesla it seems.