I got the same email. I emailed back asking for clarification. The way it's written, it says if you elect to wait, after 12 months if they still aren't installing powerwalls in your area, you're just screwed. I have to imagine that if you wait, then at the end of 12 months they'd convert it to a credit. But that's not how it's written. It's also weird that they're putting this 12 month deadline on it when there's still a lot of people that are actually in the service areas that are still waiting on their powerwalls.
The whole situation is crappy. Most of us asked about getting a credit a while ago, and were told no (even though some people got a credit). I wanted to use the credit towards my Model 3. Now that I already bought a Model 3 a couple of months ago, Tesla is finally willing to give me a credit, but the credit will expire in 12 months. I just got my 3 so I don't plan on buying a new car anytime soon.
I understand offering a credit less than the retail price of the powerwall for people who just don't want it since they don't offer any credit for the other prizes. But it sucks for people want the powerwall, but Tesla won't give it to them because they don't do installs in that area. I think those people should get the full retail price. Or be able to give/sell the powerwall to someone else that lives in an area where Tesla installs them.
I'll give an update once I hear back. Hopefully Tesla updates their options.
Now can we all get back to what this thread is all about? Spamming referral codes!