Tesla Powerwall 2 Best Price & Is VPP Participation Worth It (NSW)

brad1-8tsi on 29/08/2024 - 09:43
Last edited 31/08/2024 - 06:54

I've been quoted $10,750 for a Tesla Powerwall 2 fully installed in November after the NSW government subsidies kick in.
Has anyone heard of / had a better deal in Sydney?

Up to now I've thought the payback on batteries was a bit long but I assume FITS will drop and electricity prices will rise.
I have a 5.4 panel / 5.0 inverter System. I sell ~250kWh to the grid in winter; ~700kWh in Summer. My FIT is 11c uncapped, which is above average.
I pay 90c(inc GST) supply charge, 49c peak, 30c shoulder/offpeak. Which isn't great but I'm a low usage consumer and the solar FIT more than offsets it.
My partner & I are usually home during the peak period from (2.00pm-8.00pm) so the battery will offset that 49c tariff period.
I'll be selling the property in 3 years before the payback (8 years?) is attained but know that in an area of buyers who are generally "thinkers" rather than "doers" it will sell quicker and recoup the outlay.

VPP:
If I join a VPP I get an additional $250 government rebate.
Can anyone recommend a decent one with either no contract or a 1 year commitment?
I see Engie offer a $500 sign-on incentive but reading the fine print it's pro-rata over 5 years and I believe they are not great to deal with these days.

Home & Garden Solar Battery Tesla Inc

Comments

  • freefall101 on 29/08/2024 - 11:49

    I assume that 250kwh/700kwh is per month that you sell back to the grid? Otherwise your payback period is way off.

    Did your quote include any costs specific to your install? It seems a pretty reasonable price considering the cost of the hardware, but without knowing the specifics of what you were costed any comparison won't mean much.

  • JimB on 29/08/2024 - 14:26
    +3

    "I'll be selling the property in 3 years before the payback (8 years?) is attained but know that in an area of buyers who are generally "thinkers" rather than "doers" it will sell quicker and recoup the outlay." Unlikely.

    Worth it? No.

  • Seraphin7 on 29/08/2024 - 14:42
    +2

    I'll be selling the property in 3 years before the payback (8 years?) is attained but know that in an area of buyers who are generally "thinkers" rather than "doers" it will sell quicker and recoup the outlay.

    Yeah, nah. Your place will sell and the price it will achieve will be based on its fundamental merits, not whether or not a battery has been installed.

    I bought a place a couple of years back with a solar/battery system already there. Nice to have? Yeah, I guess. Did it make me buy the property/be prepared to pay extra? Absolutely not.

  • KevinL on 30/08/2024 - 12:37

    Who was the quote with? We're looking to add a battery to an existing system too and the price seems pretty sharp

  • shrewdster on 14/09/2024 - 17:02

    I've requested quotes for the Tesla PW2 from a couple of installers for Nov rebate time, all of them have said they haven't received pricing on the rebate scheme yet. I guess Natural Solar is taking a punt to try lock in some customers now.

    I've been quoted 14.5k installed, before rebate as prices aren't known yet, from Penrith Solar Centre for a PW2.

    • brad1-8tsi on 16/09/2024 - 19:40

      I had a couple of places say "this is what we think it will be. If it's more we pass it on to you, if it's less we will wear it."

      One of the suppliers appears to have increased their prices in response to the anticipated rebates (wow, didn't see that coming /eye roll)

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