Imagine never paying a power bill again!
That could be possible with the new design by Tesla. They have put the finishing touches on a new home battery that can run your entire home. It can be charged in off-peak electric times or even from your solar panels.
“There may be a ‘tipping point’ that causes customers to seek an off-grid approach,” Morgan Stanley wrote last March. “The more customers move to solar, the remaining utility customer bill will rise, creating even further “headroom” for Tesla’s off-grid approach.”
How much is this technology really going to cost? We can compare the cost of this new home battery to what the actual life savings would be for the device.
While there’s no word yet on price, Tesla’s battery and charging technology could ultimately wind up saving you money on your electric bill. Although many of today’s homes draw energy directly from the electricity grid, the spread of cheap solar panels means it’s never been easier to generate some of your own energy. Storing renewables efficiently has been a big bottleneck for consumers and for utilities alike, but if Tesla’s stationary battery takes off, it could change the way electricity is priced and traded on a market scale.
For the millions of consumers frustrated with their power companies thanks to frequent outages and poor customer service, the batteries could be a boon. In general, the choices for how people power their homes is relatively limited. Most have to rely exclusively on their local utility providers. Getting a generator can be expensive — some homeowners pay around $20,000 for back-up generators that run on natural gas. So Tesla is eyeing a market that might be ripe for innovation.
Via Washington Post