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Tesla Powerwall Price Slash

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Tesla Powerwall Price Slashed in Australia: Is Now the Time to Invest?

happy customer who has 2 tesla powerwall batteries installed at home

So you may have heard by now. Tesla has slashed the price of their Powerwall. But what does this mean for homeowners?

Well let’s take a deep dive into what this price drop means for homeowners and the future of the solar battery industry. Not only that, but its effect on the push towards renewable energy and a more sustainable future across Australia. 

Without wasting any time, let’s jump straight into this. 

Tesla Has Slashed The Price Of Their Tesla Powerwall In Feb 2023

So, some pretty big news. Tesla has officially announced a drop in the price of their Powerwall. This price cut is around approx 10% and has gone from $16,230 to $14,599. 

Many homeowners will be delighted to see this price drop come into action and begin their move towards a cleaner and more independent lifestyle with a solar battery. This is the first price drop we’ve seen since May 2022

For me, and many others, I find this quite exciting. I also think it could indirectly put some pressure onto other solar battery manufacturers like sonnen or BYD to consider their move in the market and if they need to adjust prices as well. 

Overall, this is a positive shift but not to be overlooked. In the past we’ve seen many price changes in a Tesla Powerwall and this may not mean the price is forecast to keep dropping. 

Could this be the best time to consider investing in a Powerwall

This Is The Lowest Price It Has Been Since May 2022…

Amazingly enough, this is the lowest price we’ve seen for a Powerwall since May 2022. This is a huge difference for many homeowners who have been wanting to make the shift towards a cleaner and more independent lifestyle with a solar battery.

Along with the Victorian solar battery rebate, this will make a really big difference for a lot of people. Put it this way, right now you can get the same price as it was last year. Don’t forget, the Tesla Energy Plan also gives access to an even bigger energy network. 

However, we have no idea how long this price drop will last. Given the previous forecasts (which we will show below) the price never drops for too long. The same applies for the solar battery rebate, which is due to drop again in July. 

It’s not just the price that’s exciting, though. With the Tesla Powerwall 2, you’ll have access to a reliable and efficient solar battery system that can power your home during blackouts, reduce your reliance on the grid, and help you save money on your electricity bills.

This Will Help a Positive Shift Towards The Solar Battery Market

First is first, this is going to make Powerwalls much more popular across Australia. The knock on effect of this will be a positive shift in a movement towards renewable solar batteries in our country. 

This further helps with the pressing issue of global warming and will help Australia with the 0 net emission goal. I think something that I find most important though, is the freedom that homeowners will gain. 

The last few years we’ve seen unprecedented increases in energy prices which are almost unbearable for many. Now with a price drop for a Powerwall, homeowners can escape the contracts from energy suppliers and get peace of mind knowing they won’t see 35% monthly increase on their energy bills. 

It’s an important move for the industry altogether, with Tesla announcing the stock for Powerwalls will be stable and continuous. This could suggest that it’s a long term plan for Tesla to lead the battery industry across Australia. 

This Price Drop Will Increase Demand For Tesla Powerwalls Across Australia

Furthermore to the point of stock, the demand is bound to increase across Australia now that Tesla has dropped approx. 10% off their Powerwall. 

Another important statement made by Tesla is that the stock will be on a first come first serve basis, meaning if demand does skyrocket then stock might become more difficult to get and waiting times may increase.

Solar battery installers with partnerships with Tesla will be favoured over stock and hold the best prices due to their quality of installation and required guidelines they must meet to become an official partner. 

We suggest to everyone to consider going with Tesla Powerwall partners. Either way, it’s great to see the forecast of increased demand and it shows a good indication of the battery market over the next 5-10 years. 

Don’t hold back, consider getting your Tesla Powerwall without any waiting times whilst providers have the stock now. 

Now Will Be The Best Time To Consider Investing In a Powerwall

Which nicely brings us onto our next point. Is now the best time to invest in a Tesla Powerwall?

Yes. Now is absolutely the best time to invest into a Tesla Powerwall and give yourself the freedom of energy independence and peace of mind knowing not only are you saving your pockets, but also saving the planet. 

As renewable energy shifts towards the main source across the world, energy prices are only going to increase to maintain profits they lose to the ever losing battle of renewables. 

Future-proof your home. Move towards a lifestyle that allows you total freedom over your energy and access when you want to use it. 

Given the previous price changes, we rarely ever see a price drop. This happens maybe once every year given the history of data we are going to show below.

Right now, truly, is the best time to buy a Tesla Powerwall 2. Here’s our guide on what to consider when buying renewables.

History Of Tesla Powerwall 2 Prices

The history of Tesla Powerwall prices paints an amazing picture and shows a steady increase in price.

Here’s some more details:

February 2017 (est.): $9,000
February 2018: $9,600
October 2018: $12,350
July 2019: $11,700
October 2020: $12,500
February 2021: $13,300
May 2021: $12,750
March 2022: $13,700
May 2022: $14,650
October 2022: $16,2301
February 2023: $14,599

And a nice graph to help visualise this:

What Does This Mean For Homeowners And The Shift Towards Electrifying Australia?

Well, a price increase means you can get a battery for a more affordable price compared to before. This allows more freedom for homeowners to begin the shift that is required by many, to help electricity Australia and move away from unsustainable resources. 

It certainly paints a positive picture towards the electrification of Australia and predicts that this may come sooner rather than later. Not only does it help our nation, but it helps homeowners at a personal level. 

Being independent in your home and energy usage is a huge step personally and for our nation as well.  

Conclusion

Well, a price increase means you can get a battery for a more affordable price compared to before. This allows more freedom for homeowners to begin the shift that is required by many, to help electricity Australia and move away from unsustainable resources. 

It certainly paints a positive picture towards the electrification of Australia and predicts that this may come sooner rather than later. Not only does it help our nation, but it helps homeowners at a personal level. 

Being independent in your home and energy usage is a huge step personally and for our nation as well.  

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About your author...

Luke Cove

Luke is passionate about renewable energy and has been an electrician for over 15 years. After spending over a decade mastering his craft on the tools, he took to a leadership role within the renewable energy industry.

On a mission to electrify Australia. Luke is known for being at the forefront of his industry offering design, supply, installation and advice on solar panels, solar batteries, lighting, electric vehicles and chargers.

Luke has been known to invest most of his time (and money) in helping people create and experience new lifestyles through clean energy at home, business and with their cars. As well as investing his time training the next generation of climate enthusiasts through his team at Lightning Energy.

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