Tesla Powerwall is a popular home battery pack manufactured and sold by Tesla.
in recent times the demand for this power wall has been on the increase, Tesla has responded to this increase in demand with an increase in price.
Tesla Powerwall Demand
Since 2015, Tesla decided to use its expertise in making battery packs for electric vehicles to produce energy storage devices for homes and businesses by launching the Powerwall and Powerpack.
Over the years Powerwall became extremely popular with residential solar customers, people looking to have backup power, and even with virtual power plant projects more recently.
Many states such as California have strong incentives for installing residential energy storage capacity that has created more demand than Tesla, the market leader with the Powerwall, can handle right now.
Tesla has continue to grow in the production and sales of electric cars.
Although lately NIO has been an upcoming competition.
Tesla CEO Elon Musk said that Tesla is working hard on increasing Powerwall production as delivery delays are getting longer in many markets.
Tesla Powerwall Price
With the demand outpacing production for a long time, Tesla has been increasing price of the Powerwall.
Now, Tesla is again increasing the price of the Powerwall by $500.
The automaker updated its online configurator yesterday, and now the price of the home battery pack is $7,500 (hat tip to Risshiraj):
That’s just for the battery pack itself. Tesla also charges $1,000 for the Gateway, a device that is sort of the brain of the installation, and the actual installation cost of $3,500.
These costs have remained the same since the last price increase three months ago. Reports electrek