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Tesla To Announce Battery-Based Energy Storage For Homes

Okian Warrior writes: Billionaire Elon Musk will announce next week that Tesla will begin offering battery-based energy storage for residential and commercial customers. The batteries power up overnight when energy companies typically charge less for electricity, then are used during the day to power a home. In a pilot project, Tesla has already begun offering home batteries to SolarCity (SCTY) customers, a solar power company for which Musk serves as chairman. Currently 330 U.S. households are running on Tesla's batteries in California. The batteries start at about $13,000, though California's Pacific Gas and Electric Co. (PCG) offers customers a 50% rebate. The batteries are three-feet high by 2.5-feet wide, and need to be installed at least a foot and a half off the ground. They can be controlled with a Web app and a smartphone app.

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  1. Re:A first step by w3woody · · Score: 4, Interesting

    Mine's more.

    Where we moved to in North Carolina, we're only served by two utilities: AT&T (for internet/phone/TV) and Duke Progressive (for electricity). We use electric heating--which is expensive, and while our neighborhood will be getting natural gas in the next few months, it makes no economic sense for us to replace our central heating system with gas. (The payoff exceeds the lifespan of the HVAC already installed.)

    I have to admit, the primary reason for not getting solar where we've lived in Los Angeles and now in Raleigh is that it didn't make a lot of economic sense. But as solar cell prices drop, having a battery-backed solar system on my house starts to sound more promising--especially after the last storm which knocked out our power for a couple of days.

    Since we are on a well and septic tank, if we can get most of our power from solar then we can pretty much be self-sufficient if there is a major disruption in the future--and that's worth a premium over what we now pay for electric service.