Curious. So, you are going to pay for the PW without any ITC, but you are leasing the PVs?
What do you mean, "without any ITC"? You qualify for the income tax credit for powerwalls with new OR existing solar, so I will be getting the income tax credit (if thats what you mean by "ITC").
Assuming "PV" means "solar panels" (sorry I am not fully up to speed on energy acronyms), I leased the solar in 2015, as I had just purchased the home in 2013 and wanted to get solar, but could not afford to purchase it outright. I did the calculations back then and considered it just "switching power companies". The cost per kW is .16 cents for me on this lease, which is cheaper than any of the rates that make sense for me under SCE.
I made solar city size the system larger than they originally wanted to do so, because I told them I was buying an EV. I knew I wanted one eventually but figured it would take some time for me to get it.. They wanted to originally size the system for 75% of my consumption, and I made them size it for 99% of my consumption.
Its completely worked out for me. In the winter I save about 50-70 per month on what I was paying prior, and in the summer I save about 150-200 per month. I am going to buy the solar system out next year, as you can do so after 5 years. I saved money every month, even though it was a lease.
Finances are different now, and I will be paying for the 2 powerwalls cash., and will buy the solar system from solar city instead of continuing the lease if the price makes sense. If not, I know that I am still saving money over SCEs energy prices.