Real Estate

TeslaÕ first home battery is officially on the market

Only available in Australia – for now

After much anticipation, Tesla’s first crop of energy storage batteries are finally on the market. For now, Tesla is only bringing the Powerwall to Australia since the country is a priority market due to its high number of solar energy users. Per Mashable:

Ariel Bogle writes in the article:

Interest in the Tesla Powerwall in Australia has been extraordinary, Chris Williams, managing director of Natural Solar, an Australian solar company, told Mashable Australia.

"The response since we announced it has been unprecedented, and that has flowed through to a large number of orders," he said. "It's really a pivotal moment in the renewable energy industry and we're proud to be a part of it."

Over the coming weeks, Natural Solar will be rolling out Powerwalls in homes and businesses across Australia.

Meanwhile, America is also breaking ground in the solar energy world, with the Federal Housing Administration announcing a new plan on Thursday to reduce multifamily insurance rates in order to encourage capital financing of affordable and energy-efficient apartments, according to a press call this morning. 

This marked a major move from the government to support energy efficiency, which has been gaining momentum in the industry.

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