Another Big Tesla Powerwall Price Increase In Australia

Australians hankering after a Tesla Powerwall solar battery system will need to dig deeper into their pockets to buy one of the beasties.

In late March, Tesla sent out a notification to certified installers stating that due to increasing global logistics and components costs, the recommended retail price of Powerwall was to be increased on the Tesla.com website by $950 (inclusive of GST) as of March 25, 2022.

The old vs. new pricing structure:

• Powerwall: $11,050 -> $12,000
• Gateway¹: $1,700 -> no change
• Total: $12,750 -> $13,700

At $13,700, the Tesla Powerwall is currently the priciest it has ever been in Australia – and added to that are installation costs, which will pile on thousands more.

Powerwall Price Rollercoaster

When the original Powerwall 2 was released in February 2017, it was just $9,000 (approximate) in Australia. Here’s how pricing has tracked since:

• February 2018: $9,600
• October 2018: $12,250
• July 2019: $11,700
• October 2020: $12,500
• February 2021: $13,300
• May 2021: $12,750
• March 2022:  $13,700

The Powerwall now costs over 50% more than it did back in 2017 when originally released here. Still, it remains one of the most popular battery systems in Australia. In the latest SolarQuotes Installers’ Choice Awards it was voted the best solar battery in 2022 in both the “money no object” and “budget” categories; the latter because it seems many installers can’t bear the thought of installing anything else.

High Prices Hinder Home Battery Uptake

According to information from solar industry analyst SunWiz, there were approximately 30,246 home battery installations last year in Australia – a small drop on 2020. SunWiz pegged the cumulative total of home batteries installed in Australia at around 140,000.

Early home battery uptake forecasts for Australia were very optimistic – and way off the mark.

While solar battery prices remain so high, this means in most circumstances they won’t pay for themselves within their warranty periods – making it an unattractive proposition for many households.

However, there is support for home energy storage purchases in some states and territories that can improve the economics to some degree. You can see what incentives are currently available (or not) in your neck of the woods on the SolarQuotes solar/battery rebates and subsidies page.

Tesla Model 3 Price Increase

Over to electric vehicles now, and the news from Tesla isn’t good there either. For Australians wanting a Tesla Model 3, they’ll also be shelling out more.

A couple of weeks ago, Tesla increased the price of Model 3 EVs by at least $3,000.

• Model 3 standard: $ 63,900
• Long range: $ 76,200
• Performance: $ 88,900

Drive-away pricing for the Performance model in SA is now $98,304. Australians won’t just be paying more, but waiting longer – with an estimated delivery time of 6 – 9 months.

Stay tuned for an article from SQ’s Ronald delving into why 1 in 10 new cars sold in the world are electric, but in Australia it’s just a little more than 1 in 50.

Original Source: https://www.solarquotes.com.au/blog/tesla-powerwall-price-rise-mb2419/