SolarCity Taking Orders for Tesla Batteries Starting at $5,000

Here's Why Tesla Is Building Batteries for Your Home

SolarCity Corp. has begun taking orders for energy-storage systems, starting at $5,000 installed.

The battery, called Powerwall, is being offered to new solar customers with two payment options, SolarCity spokesman Jonathan Bass said in an e-mail Friday. It was announced Thursday by Elon Musk, SolarCity’s chairman.

For a 10 kilowatt-hour system, customers can prepay $5,000 for a nine-year lease, which includes installation, a maintenance agreement, the electrical inverter and control systems. Customers can also buy the same system outright for $7,140, Bass said.

The rooftop solar company will begin installations in October.

Tesla Motors Inc., Musk’s electric-car company, gave a price of $3,500 Thursday for a 10 kilowatt-hour battery, excluding the inverter and installation; in competing products those costs account for more than half of the battery system.

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