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

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 email 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.

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