Tesla might be best known for its range of electric vehicle models, but the company’s Powerwall offers owners a way to store energy.

Tesla Powerwall is a solution for storing energy for later use, and the price, along with its relative value, will depend on a variety of factors, including how many Powerwall units a consumer needs. While Tesla is no stranger to offering battery-related solutions, Powerwall takes the company’s energy goals off the road and into the home. Although the price will vary by household, here is a brief explanation of some of the more general price points that consumers may 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 a choice for most buyers. The notable exception here is anyone looking for an electric car that costs less than $ 30,000, although the company also has plans to offer those consumers an option soon. Outside of its cars, Tesla also offers home energy and energy solutions, including solar panels and Powerwall.

Related: How Much Does It Cost To Charge A Tesla

Tesla’s Powerwall stores power for when it’s needed, such as during a power outage. In fact, Powerwall is capable of automatically detecting when a power failure occurs and then automatically enables itself to provide power to the home and all electrical devices inside. As for the price, this can vary enormously according to the needs of the user. When trying to order Powerwall, the Tesla website It will ask for the address where the battery units will be located, as well as the average monthly electricity bill for the home. The website then automatically suggests what it considers to be 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 needed. Not to mention, there is a Powerwall installation fee that can cost up to $ 5,000, depending on the number of Powerwall units.

Is Tesla’s Powerwall Worth It?

If Tesla’s Powerwall is worth it, it will largely come down to the individual home and its requirements. Arguably, in areas where homes are more prone to power outages, having a way to literally keep the lights on could make Powerwall a great option. As is often the case with Tesla, out-of-pocket is where things are expensive, but the company’s products tend to arrive with the expectation that their actual cost will be less over time. Plus, there are other ways to save too. For example, Powerwall is compatible with the company’s solar power solutions and can even be charged with solar power if desired. Additionally, the company explains how when combined with a solar installation, the buyer could 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 energy may especially find Powerwall to be a useful purchase. Interruptions aside, and considering that Powerwall can be charged via solar power, it can be used as a daily addition to a solar home by providing power at night when the sun is not shining. This is yet another example of how the value of Tesla’s Powerwall ultimately comes down to a home’s existing (or future) power configuration, as well as specific needs and requirements.

Next: Model 3 vs. Model X: comparison of Tesla’s cheapest and most expensive electric vehicles

Source: Tesla

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