We answer your questions about the cost of the Tesla Powerwall
Our team at Natural Solar have had a phenomenal response already from Aussie families since the launch of the Tesla Powerwall.
Clearly, you are all just as excited about it as we are!
We have also been fielding lots of questions about the Tesla Powerwall, and more specifically about how much it costs.
To help you out, we have put together a list of some of the questions we get asked most often:
Will batteries drop in price any time soon?
We’re going to give it to you straight.
After we factor in all the additional costs (including the currency conversion, shipping costs, Australian import tax, warehouse storage costs, freight to the property, as well as the labor of installation and the required inverter and panels) it’s highly unlikely the cost is going to decrease anytime soon.
But Natural Solar are already offering the Tesla Powerwall and compatible inverter at the lowest costs we can find around Australia.
Are there government rebates available?
This one is pretty simple. For the Tesla Powerwall, no. For solar panels, yes (but only in ACT and South Australia).
But bear in mind that all of the prices quoted by our team at Natural Solar and our instant online quoting system are after government rebates are accounted for.
Can I sell the excess power stored in the Tesla Powerwall back to the grid?
Yes, you can absolutely sell your stored excess power back to the grid whilst using the Tesla Powerwall. Hooray!
But remember that the NSW Solar Bonus Scheme Feed-In Tariffs (60c and 20c per kWh) are ending on December 31, 2016. Retail feed-in tariffs will still be available to sell excess power back to your energy retailer.
To help with this, consider going for a hardware and software addition called Reposit Power. If you add Reposit Power to your system, you’ll be able to sell your stored power back to the grid at times when there is excessive demand on the grid (like on really hot days when everyone is using their air-cons and the grid supply can’t meet the demand) at around $1 per kWh.
These events occur around 77 times a year and adding Reposit Power to your system will help you generate cash from your existing and new solar installations – which will also mean your solar installation has paid for itself even quicker.
Basically, Reposit Power is a solid investment and well worth considering.
Does Natural Solar have financing available for all your systems?
Yes, we do! We’ve intensely negotiated with several financial institutions and been able to secure industry-lowest finance rates of 6.12% paid monthly over 1-5 years.
Depending on your home loan provider, you might also be able to refinance your home loan to cover this cost. Check out our Finance page for more information here.
How much should a Tesla Powerwall reduce a homeowner’s electricity bill – and what’s the payback period for Tesla Powerwall for a typical homeowner?
It depends. A 5kWp system with Tesla Powerwall can save you anywhere between $1500-$3000 per year. But the savings that can be generated by using a Tesla Powerwall come down to your location, the electricity rate in your area, whether you have solar, and several other factors.
Hopefully this clears up any questions you might have about the costs related to investing in the Tesla Powerwall. You can check out the FAQ section of our website if you have any other queries, or feel free to call us at Natural Solar any time and we would be happy to answer any other questions you might have.