It turns out that they need not look very far, as Elon Musk also chairs the US top solar power company, SolarCity.
For now, the best option for solar power system owners is to stay grid connected and make savings through offsets on feed in tariffs.
But with solar cell prices diving, and utilities not exactly encouraging customers to go solar, the business case for going off grid with solar becomes more convincing. The biggest stumbling block, however, is the cost of an energy storage system. Well, that is soon going to change, if Elon Musk would have anything to do with it.
In a conference call with analysts last week, Elon Musk said, “we are going to unveil the Tesla home battery, the consumer storage device that would be for use in people’s houses or businesses fairly soon.” He added that it’ll go into production, most possibly within the year.
But then, while charity begins at home, the company is seeing much interest among utilities. Chief Technology Officer JB Straubel added, “a lot of utilities are working in this space and we are talking to almost all of them. This is a business that is gaining an increasing amount of our attention.”
If that is any indication as to how disruptive the Tesla home battery is going to be, I don’t know what is. Stay tuned to further developments.