Tesla launches $35/month Powerwall lease in Texas
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- Tesla launched a Powerwall Lease in Texas at roughly $35/month for two Powerwalls, with a $100 one-time order fee and a marketed "$0 installation" promotion
- The headline rate comes from an $87/month credit tied to the Tesla Electric Backup plan; the underlying two-Powerwall lease is $122/month in year one with a 3% annual escalator
- Tesla Electric enrollment is not optional—the $87 credit only applies after installation, permission to operate, and ongoing participation, and the lease locks customers into Tesla as their retail electricity provider
- Tesla monetizes the leased batteries through its virtual power plant, dispatching stored energy back to the ERCOT grid during peak demand and price spikes
- The program is limited to select Texas areas with retail electric choice and explicitly excludes solar panels, making it a battery-and-electricity play rather than a solar one
- Tesla has installed more than one million Powerwall units worldwide; the lease extends a broader push that included reviving solar and Powerwall leasing in October and launching a Cybertruck vehicle-to-grid program in Texas in February
Why it matters: For Texas customers, a backup setup that typically costs five figures just became a $35/month utility-style bill—but the $87 credit and 3% annual escalator only hold as long as customers stay on Tesla Electric, giving Tesla dispatch control over thousands of home batteries on the ERCOT grid.
Ask SkimNews
