Tesla's New Rentable Home Battery - New Revenue Opportunity?

Tesla is rumored to soon offer home battery packs which consumers could rent for as little as $15 per month.

TechnoBuffalo

Tesla is rumored to soon offer home battery packs which consumers could rent for as little as $15 per month.

According to The Guardian, Tesla is ready to unveil a battery designed to power your entire home. You’ll be able to charge the new product overnight and use it during the day, or power it directly with renewable energy sources like wind or solar power. Tesla’s home battery could also be extremely useful during a power outage, assuming it’s charged ahead of time.

Musk already provides the same service on a smaller scale through SolarCity, a separate company he owns which serves around 300 people. Tesla is expected to offer its batteries through a similar rental scheme, which includes an initial $1,500 fee followed by payments of $15 per month for 10 years. Each battery actually costs roughly $13,000, so a rental system makes more sense.

For more about Tesla's new home battery...

Latest