Powerwall Lease With Tesla Electric
A Powerwall lease with Tesla Electric allows you to install two Powerwall units with no installation cost and pair them with a Tesla Electric plan for backup power and a low, predictable electricity rate. To get started, lease two Powerwall units and enroll in the Tesla Electric Backup plan.
How It Works
When enrolled, you will receive a bill credit on your lease each month, which will reduce the total amount you owe each month. You will continue to receive the credit as long as you remain on the Tesla Electric Backup plan. Tesla Electric will operate the battery system to store energy during low-cost times and then sell that energy back to the grid or use it to power your home during high-cost times. Those savings keep your electricity rates low and allow us to offer the monthly bill credit.
Tesla Electric will always maintain a minimum 20% Backup Reserve for your home. During outages, you will have full access to your stored energy. You can use the Tesla app to monitor your home energy flow, backup status and Powerwall performance.
Why Lease Powerwall With Tesla Electric
Powerwall is a rechargeable home battery system designed to maximize your home's energy independence, provide seamless backup and save money on your monthly electricity bill.
Backup Power
- Backup for essential home loads during power outages
- Storm Watch to automatically charges your system to full capacity before severe weather events
- Minimum 20% Backup Reserve maintained at all times
- Full access to stored energy during outages
Predictable Energy Costs
- Monthly credit of $87 for being a Tesla Electric customer to reduce what you owe each month
- Low, fixed electricity rate through Tesla Electric
- No upfront installation costs
Proven Reliability
- Over one million Powerwall units deployed worldwide
- Designed for high-demand usage and frequent outages
- Regular software updates to improve system performance over time
Integrated System
- Single system for energy storage, electricity service and monitoring
- Managed through the Tesla app
- Compatible with home EV charging
- Designed and supported by Tesla
Eligibility
To qualify for the monthly lease bill credit, you must:
- Live in an area of Texas with retail electric choice
- Sign up to lease an eligible system configuration featuring two Powerwall units without solar panels or Solar Roof
- Not have solar panels installed at your home
- Enroll in the Tesla Electric Backup plan after your Powerwall units are installed
- Remain a Tesla Electric customer in good standing with no overdue balances
- Remain in good standing on your lease payments
How to Sign Up
To sign up for Powerwall lease with Tesla Electric, follow these steps:
- Sign an eligible lease for two Powerwall units through your Tesla Account.
- Enroll in the Tesla Electric Backup plan.
- Complete system installation and receive permission to operate (PTO) from your local utility.
Bill credits will be applied automatically to your lease invoices within two billing cycles after your system receives permission to operate and you enroll in the Tesla Electric plan.
The lease for two Powerwall units is $122/month in the first year with a 3% annual escalator. If you're enrolled in the Tesla Electric Backup plan, you may qualify for an $87 monthly credit. When applied to your lease payment, it would reduce the amount you owe each month in the first year to $35 + tax.
The credit will be applied automatically to your lease payment after system installation, PTO and successful enrollment. To remain eligible for the $87 monthly credit, you must stay enrolled in Tesla Electric and continue to meet all program requirements.
Available in select Texas areas with retail electric choice. Solar panels are not eligible. Non-standard installations, including those requiring electrical upgrades, special permitting or site-specific modifications, may result in additional costs and could affect your credit eligibility.
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