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Tesla turns to Australia for its Powerwall 2 where it can pay for itself in 6 years

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As we reported last week when Sweden announced a significant incentive for residential energy storage that brings down the price of a Tesla Powerwall 2 to less than $3,000, incentives and/or high electricity rates are still required to make a return on investment with Tesla’s new residential battery pack despite the significant upgrade from the previous generation.

Though there’s one place where it is making more sense than anywhere else right now and that’s down under. Just a few weeks following Tesla’s launch of the new home battery pack and the release of the pricing details in the country, Australian homeowners with solar installations are starting to calculate the return on investment and they expect to be able to pay it back within 6 years.

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Tesla Powerwall 2 to be popular in Sweden with new $5,000 incentive to install home battery packs

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Even though Tesla made several significant improvements to the Powerwall with its latest generation, and it virtually has no competition as we discussed, it will still only make sense economically in markets with high electricity rates or significant incentives to deploy energy storage – unless someone simply wants to use it for backup energy storage.

Sweden confirmed that it will be one of those markets as the government announced a new significant incentive this week for homeowners to install battery packs. 

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