Demand for TESLA Powerwall leads to price increase

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Tesla has been a popular option in the solar world since its first forays into the industry. Obviously they came in with a lot of fanfare, not least due to the profile of their founder Elon Musk, but it seems for the most part they have really followed through with the quality and reliability of their products.

With this success at play, they have recently increased the price of the Powerwall, their signature home battery pack, due to the fact that it is still in huge demand. In addition to Tesla’s strong reputation, there appear to be a few key factors at work presently that are adding to the demand for home solar storage.

One key reason is that electric grids across the US are having their stability challenged by heatwaves, in some cases leading to power blackouts such as in California. An increasing number of homeowners are going with home battery packs in order to ensure they can access backup power.

This increased demand has led Tesla to prioritise Powerwall installations as part of their solar panel and solar roof installations, which have also seen an increase as Tesla continues to grow its place within the industry.

Powerwall pricing can be a little complex to calculate since it needs to come with other hardware and earlier this month Tesla actually reduced its Solar Roof price on their website. What we can say is that Tesla has effectively increased the price of the Powerwall by $500, going from $6,500 for the Powerwall (minus any other hardware or incentives) up to its new mark of $7,000.

It will definitely be fascinating to see the position Tesla takes within the solar industry going forward and whether or not other suppliers can keep pace with their product range and brand awareness. Anything that pushes suppliers to provide the best offerings possible is something we can get behind.

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