Tesla offers rebate on Powerwall home batteries – but not for long

Tesla has opened a four-and-a-half month window for Australian customers to get a small discount on the cost of a Powerwall home battery, with the launch on Friday of a nationwide rebate.

In an email sent to distributors by Tesla Australia on Friday, the US battery and EV maker said a $A750 rebate was being offered for all units installed and registered between August 11 and December 31, 2023.

With the rebate, the cost of a Tesla Powerwall 2 comes down to just over $12,000 dollars, at $12,150.

The undiscounted cost of a Powerwall 2 in Australia currently sits at $A12,990, following a 10 per cent reduction in the home battery’s cost in April.

“We are pleased to announce that due to continued improvements in the cost of goods, freight and logistics as well as ongoing consistent supply, we are able to reduce the cost of Powerwall by a further $A1,699,” an email from Tesla said at the time.

Before that, Tesla made another $1,600 price cut in late February, when it also cited improvements along the supply chain. That was the first price cut in at least two years and the reductions this year now total more than 20 per cent.

The Australian rebate follows the introduction of a temporary $US500 rebate, from June to the end of October, in Tesla’s home market of the US, to celebrate the installation of the 500,000th Powerwall.

Meanwhile, Tesla is gearing up to launch the third iteration of the hugely popular home battery – the Powerwall 3.

As One Step Off The Grid reported, rumours that a “cheaper and better” version of the Powerwall was in the works at Tesla first emerged last year, in details leaked from of an internal meeting.

EV and clean energy news site Electrek then reported in April that Tesla had applied to have a new home battery storage product approved as certified equipment for connection with some electric utilities in the US.