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Even if you can charge for free the batteries only have a limited number of charge cycles so you have to pay for the wear and tear on the batteries. Last I hear
by jburgess777 10y ago
Even if you can charge for free the batteries only have a limited number of charge cycles so you have to pay for the wear and tear on the batteries. Last I heard the economics were pretty close to neutral for the US:
From http://www.catalyticengineering.com/top-ten-facts-about-teslas-350kwh-powerwall-battery/ http://www.catalyticengineering.com/top-ten-facts-about-tesl...
"So revenue is $1.66 x 183 days x 10 years = $3,000. You’ll just about recoup the cost of the product, but you won’t profit because of two factors – the cost of inverter and installation, and the time value of money. We’re in a low-interest environment, but setting aside $7,000 today to make back $3,000 over 10 years still leaves you down $4,000 – not a very good deal."
- toomuchtodo 10y agoEnergy storage is eligible for the 30% tax credit the same as a solar panel install on your roof. So knock 30% off the total install cost ($4500 total - 30% = $3150).