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It's not just the inverter. If the PowerWall battery needs to be heated before you can draw full power out of it (ala Model S), there is nothing that the inverter can do by itself to overcome that.
The difference is my electricity cost for the a ToU customer, over 10 years at 1000kwh/month @ 2 cents KwH, is .02*1000*12*10= $2,400.
Why do you have $10,800?
Assume it was a $$$ tie, are there meaningful environmental gains to be had?
I took a stab at estimating the value of integrating a Powerwall into a solar PV system, using PG&E's EV rate plan. I premised that the Powerwall would be installed between solar PV panels and an existing inverter, and assumed this is a simple, relatively low cost ($500) installation. I assumed 7 kWh of PV solar would be moved every day, shifting partial-peak energy to peak energy on weekdays, and off-peak energy to peak energy on weekends and holidays. Taking into account 92% efficiency, the payback looks to be about 8.4 years. This system doesn't provide battery backup or allow grid arbitrage; need some additional hardware for those capabilities.
Over the next several years a lot more solar will be installed in California. When that happens, I expect that most solar PV energy will become off peak, while peak rates will be something like 5 pm to 10 pm. Payback improves to about 5.9 years in that scenario. In addition to that, if the Gigafactory decreases the Powerwall cost by 30% over the next several years, payback improves to about 4.4 years.
Edit: Battery storage added to a solar PV system is reportedly eligible for the 30% federal tax credit. If that is the case, the estimated payback decreases from 8.4 years to 5.9 years. In the future case where I premise PG&E's off-peak rate for all solar PV time shifted to peak, the payback improves to 4.2 years, and further improves to 3.1 years if the Gigafactory decreases Powerwall cost by 30%.
Interesting to note that there are 14 modules x 7kWh likely means that these are the more advanced battery cell composition and NOT the "stock" Panasonic that may be in the 10kWh PowerWall modules.
@CalDreamin,
At the Tesla Energy press conference, Elon singled out Germany, Hawaii and California as good candidates initially.
CA has rebates on batteries at 1.46 $/W
About the SGIP
Very good observation. It suggests that the "large scale units" have the "daily cycler grade" cells rather than the "weekly cycler grade" ones (whatever this means in reality). I would expect nothing less since of course a large customer like a utility, a factory or a data center would want to cycle their storage aggressively to maximize their ROI.
I was wondering about SGIP in California. Is that program still running and does it have any funds left?
At $1.46 per watt, the SGIP rebate would be $10,220 for a 7kWh system. That does not seem right as that would make the cost less than $0 for CA residents.
Edit: In reality this entire hypothetical is contrived in favor of the PowerWall, and it still fails. In reality your loads will exceed 14kWh during peak times, and be lower during off-peak (hence the terms) which would make the advantage of the whole thing cancel out entirely for the ToU savings, and make the PowerWall even more expensive in the long haul.
To ROI in 7 years (a reasonable long term investment, beyond this it's best to invest elsewhere usually) the unit would have to save about $1.18/day @ $3000. This isn't counting installation and other equipment needed. At a daily cycle, 7kWh per day, those kWh would each need to save at least $0.168 after efficiency losses.
And there are TONS of these 55+ communities where solar will eventually become acceptable, but exterior generators will not. My parents had a nat gas generator installed in New Jersey 2 years ago out of medical need and were required to go in front of the HOA board a bunch of times to get approval, but there are plenty of places that will not bend.There is another use case never mentioned. I have a house in a condo community (they are seperate houses that fall under a HOA). We cannot modify or add anything to the exterior of the building.. This means no solar panels on the roof, or any kind of backup generator outside of the house (even though every house has natural gas). With the powerwall, I can install a whole house UPS, if I wanted.. There is plenty of space on the interior garage wall. Also hoping that after the residents take over the HOA (currently the builder runs it), we can try and push to allow for Solar arrays on the roofs, everyone is aware of the high electric rates after this winter, and might not oppose solar for the houses that have the correct southern exposure for it.
They are selling the 10kw PowerWall for $5000 installed.
For now, people who have solar and live anywhere near trees and thunderstorms could use this system for the summertime when they lose power for a couple days at a time a few times a summer plus once or twice in the winter. So long as your grid tied solar can charge this thing during an outage.