What can the Tesla Powerwall 2 do to your home’s value?

If you were ever considering solar power or concerned with short term power loss from black-outs, you should consider buying a battery and the Telsa Powerwall 2. While Chicago’s energy prices are around the national average of 12.5¢ per kWh, it might not make sense for the every-day user to match Forbes’ estimate of 30¢ per kWh unless you are in more of an off-grid area like Hawaii or California. UnderstandSolar .com provides a comprehensive review of the Powerwall 2. See below the full announcement video for the Powerwall 2.

 

If you are considering what a Tesla Powerwall 2 or any other type of battery storage competition has on your home value, first consider the energy usage savings, if any, in the Chicago market. Theoretically, one should be able to directly discount the savings amortized over 30 years at a market interest rate. However, not all home buyers truly compare energy usage when searching for a home, especially when that home is something they will occupy themselves. For a full analysis of your home’s value, contact a real estate agent at Pearson Realty Group or submit your information here for a full, online home price analysis at no cost or obligation.