The Tesla Powerwall 3 is one of the most highly anticipated pieces of technology developed by Tesla, with many alternative energy enthusiasts chomping at the bit to try this new upgraded version of Tesla’s solar power bank.
The Tesla Powerwall 3 was set to be released in Spring 2022, but market analysts predict that the release date may be delayed into 2023. There is currently a delay in the commission and installation of Tesla Powerwall 2 batteries due to consumer demand.
Even though the release date for the Powerwall 3 might be up in the air, there’s still plenty that potential buyers can learn from what’s been revealed so far. Keep reading to learn more about Tesla Powerwall 3 and when consumers can expect to see it unveiled.
The Powerwall 3 Release Date Is Unknown
Tesla fans have been eagerly waiting for Elon Musk to announce the next iteration of his wildly popular Tesla Powerwall, but Powerwall fans will have to keep waiting. There have been no official announcements when the Powerwall 3 is expected to release either for testing or to the general public for retail sale.
The last release date for the Powerwall was the release of the Powerwall 2 in the fall of 2016. While there hasn’t been any official news on the reveal of the next generation of Tesla’s Powerwall, the fact that four years have passed since the last model was announced points to an upcoming announcement for the new model coming soon. (Source: Tesla Mania)
Predicting the Powerwall Release Date
If Tesla and Elon Musk are staying quiet on the drop of the Powerwall 3, then how are market analysts able to predict when the Powerwall 3 will be announced? The answer is in looking back at the development of the Tesla Powerwall so far.
Tesla Powerwall Development
The original model of the Tesla Powerwall was released on April 30th, 2015. (Source: Venture Beat) This reveal was announced along with the news that Tesla was establishing it’s solar energy sector, Tesla Energy.
The Powerwall was a big aspect of Tesla’s decision to brand itself as a company centered on energy innovation rather than a car company alone.
With the Powerwall, Tesla began the market push to force solar energy into the mainstream one home battery at a time. By continually making home solar battery banks more efficient, Tesla will make solar energy accessible to everyone.
The Tesla Powerwall 2
Once the Tesla Powerwall was established in the spring of 2015, Elon Musk didn’t waste time working to improve the base technology of his product. By October of 2016, Tesla was ready to announce its second iteration of the Powerwall, the Tesla Powerwall 2.
The advantage of the Powerwall 2 is that it is designed to help store solar energy gathered during the day for use at night. One of the biggest challenges that solar energy producers have historically faced is that solar panels and solar banks are ineffective after dark, but this is also when a household most needs electricity for lighting, cooking, and bathing. (Source: Alphr)
Production of Powerwall Units Is Running Behind Demand
Even though current Powerwall consumers may be more than ready to upgrade to the Powerwall 3, the logistics are a little more complicated. Consumers who are looking to purchase a Powerwall 2 are already waiting for an average of three to four months minimum to get a Powerwall delivery, with some wait times going up to a year or more.
Factors That Affect Powerwall 3 Development
Powerwall is expected to announce its third iteration inside the year. However, there are still several factors that may negatively affect Powerwall 3 development between now and the time it is announced. Here are a few variables that may slow down the process of releasing a new model:
- COVID-19 Delays: The impact of COVID-19 has been devastating to all industries, but strict COVID-19 regulations have significantly slowed down the production of current Powerwall 2 models.
- Supply and Demand: In areas where Tesla products experience increased popularity, such as California, the demand for new Powerwall products has outstripped the ability of Tesla’s current production capabilities.
The most immediate challenge currently facing Tesla with the rollout of the Powerwall line is that backed-up Powerwall orders of the second model will likely harm the sales of Powerwall 3 units and upgrades until the company is caught up delivering its Powerwall 2 units. It isn’t likely that Tesla will launch the Powerwall 3 amid production problems.
The good news is that while Tesla Powerwall 2 delivery wait times were upwards of a year in 2018, these wait times have reportedly decreased in 2021 and 2022 down to the reasonable span of three to four months for at least some consumers. (Source: Green Tech Media)
This still isn’t optimal for sales or production, but it’s a significant improvement for a company ready to get its third solar battery model off the ground.
When to Expect Production on the Powerwall 3
While market analysts and Tesla enthusiasts anticipate an announcement on Powerwall 3 sometime in 2022, Tesla will not commit to a production scheduled until they’ve announced the new Powerwall model. It’s seeming most likely that the Powerwall 3 will be released in 2023.
This means even if Tesla does announce the new Powerwall 3 model sometime this year, it isn’t likely that production will catch up with demands for the new units until sometime after.
Expected Features of the Powerwall 3
Tesla’s Powerwall 3 might not be available yet, but that hasn’t stopped Tesla analysts from predicting what features are most likely to be included in the company’s newest solar battery bank. Here are some of the most anticipated features of the Tesla Powerwall 3:
- Tesla brand optimization: It’s predicted that Tesla’s newest Powerwall model will be designed to better integrate with Tesla’s other home systems, such as Tesla vehicles and Tesla solar roofs. This should allow it to gather and store energy more efficiently through ancillary Tesla products.
- Built-in inverter: A built-in inverter would eliminate the need for consumers to attach their own inverter to their solar panel system before plugging it into the Powerwall. This simplifies the solar power system and also improves efficiency.
- Smart energy management: Improved software in the Powerwall 3 is expected to make micro-adjustments to energy collection and consumption based on household patterns, weather forecasts, and other data points. (Source: The Canadian Association for the Club of Rome)
- Increased battery capacity: The Powerwall 3 is rumored to be a 28kWh battery rather than a 13.5kWh battery like the Powerwall 2. This would effectively double the Powerwall 3’s energy storage.
Should Buyers Wait for the Tesla Powerwall 3?
Since there is no official release date or production schedule for the Powerwall 3, consumers looking to get into a solar energy system as quickly as possible may not find it feasible to wait until the Powerwall 3 is released before getting a Powerwall system. This is for a few different reasons:
- Powerwall 3s will be untested. A major advantage of going with a Powerwall 2 is that the unit has already been on the market for several years. This has allowed Tesla to refine the Powerwall’s software while taking advantage of the Powerwall 2’s increased hardware capabilities in comparison to the original Powerwall.
- The Powerwall 3 wait time will likely be several months or even up to a year after the release is announced. Even if you get on the waitlist for a Powerwall 3, you may end up having to wait a long time after the product is released for retail sale before you can get the unit installed.
Even though there are some advantages to people buying the Powerwall 2 now, there are also a few advantages to putting off your solar power installation until after the Powerwall 3 unit drops. Here are a few things to consider about waiting for the Powerwall 3:
- It will be a better unit for creating a Tesla energy system across your household. Because the Tesla Powerwall 3 is expected to have better seamless integration with the Tesla vehicle and solar roof or panels, it’s going to be a technologically more efficient unit for setting up a Tesla-centric system in your home.
- The release of the Powerwall 3 may lead to a drop in price for the Powerwall 2. Even though the system’s price has been increased since its release due to popularity and increased demand, the release of a new model will eventually cause older models to depreciate in value. This may allow people to buy earlier models at a discount.
At the end of the day, it really depends on what your personal energy goals are to determine whether it’s better for you to go ahead and invest in a Tesla Powerwall system or wait for the drop of the third model. There are pros and cons associated with either choice.
Why Buy a Powerwall?
There are many reasons why a person might consider investing in a Tesla Powerwall system for their home. These are just a few of them (Source: Lightning Solar):
- Solar energy will reduce utility bills. Over time, using passive solar energy and storing it in a Powerwall battery system allows more of a household’s energy use to be collected rather than bought through the traditional power grid.
- Solar energy is good for the environment. Electricity generation accounts for a third of all fossil fuels that are consumed by the United States, and reducing the consumption of fossil fuels is a necessary step towards combating climate change driven by carbon emissions.
- Tesla has a robust warranty system. The warranties on Tesla Powerwall units make them a solid investment for anyone who is wanting to purchase a solar energy system. While the Powerwall and solar panels can be an expensive buy for a house, the benefit of a Tesla solar energy system is that it has the potential to pay itself off over time.
- Tax rebates and incentives. Installing a Powerwall and/or solar panels makes you eligible for a hefty tax rebate from the government. The rebate changes from year to year, but it’s about 26% of the total purchase price of your solar system, and comes off as a deduction from your annual income taxes.
- Powerwalls can provide backup power during power outages. For people who live in areas with rolling brownouts or other power interruptions, Powerwalls can prevent the loss of power when the grid goes down.
- Tesla has a strong technical support system. The Tesla Powerwall 2 has already received several software updates, including one which gives users more customization options to tailor their energy collection and consumption to their lifestyle.
Solar energy is the wave of the future, and the reasons above provide more than enough incentive for any forward-thinking consumer to consider investing in the technology. The advances in solar energy design put forth by Tesla have helped the entire solar energy industry make large strides in only a few years.
Is There a Waitlist for Ordering a Tesla Powerwall 3?
There is currently no waitlist available for ordering a Tesla Powerwall 3 since the model hasn’t been announced for retail sale yet. However, there is a waitlist available for ordering the Tesla Powerwall 2.
One of the biggest criticisms of the Tesla Powerwall system is the subpar wait times, with some customers reporting wait times of up to a year or more. (Source: Tesla Forums) And since the delivery deadlines suffer pushbacks and delays, even an anticipated delivery date may not be an accurate indication of when you’ll actually get your Powerwall unit installed.
How Much Does It Cost to Buy a Tesla Powerwall?
The price on the Tesla Powerwall 3 hasn’t been released, but the current price on the Tesla Powerwall is $11,500 for the first one, and $7,000 for each additional Powerwall. There are also additional accessories to the Powerwall system that can increase its price.
This may seem like a steep upfront cost for the solar system, but it’s important for consumers to remember two major ways they can save money by investing in a Tesla solar system:
- Green energy tax credits: Installing a Tesla Powerwall solar energy system, and/or solar panels, entitles the buyer to a 26% tax credit as an incentive for the green energy industry. This means that over a quarter of the money you spend on a Powerwall system can be returned to you at tax time in the form of a credit or return.
- Solar energy pays for itself: While it might take almost a decade for a Tesla Powerwall system to pay itself off, it can eventually get to the point where a solar energy system is cheaper than utility power.
- Solar investment makes you more conscious of energy use. Like writing down your food intake each day can reduce your intake of calories by over 30%, being more self-aware of the energy your home consumes by investing in a solar energy system can make you more motivated to pursue other energy-friendly practices like turning off lights.
Solar energy can save money in household expenses, but it can also help increase the worth of your house too. A solar energy system installed on the house can significantly raise its market worth, especially in a part of the country where off-the-grid or environmentally friendly living is valued.
Why Is Tesla Focusing on Solar Energy?
Since Tesla is a company that has been foremost associated with electric vehicles, it’s only recently that the focus of the company has shifted sharply towards solar energy. Part of this is in response to a rebrand by Elon Musk, who has stated that he wants Tesla to be known as an energy innovation company rather than just a car manufacturer.
However, this doesn’t tell the whole story of why Tesla decided to diversify into solar and alternative power. The company also has some issues with market competition to contend with, at least on the automobile front.
There has been increased activity in electric vehicle manufacturing from major automobile manufacturers such as Ford, Nissan, and Chevy. These heavy hitters in the automobile industry pose a significant threat to Tesla’s share of the electric car market.
This means that when it comes to electric cars, Tesla is getting a smaller share of an already small percentage of the overage automobile industry. While electric cars are slowly catching on, they still only account for 2.6% of global car sales overall. (Source: International Energy Agency)
Tesla Powerwall 3 Buyers Still Have a While to Wait
If you’ve been waiting to invest in a solar energy system until the launch of the Tesla Powerwall 3 release date, the bad news is that there’s no clear picture when the Powerwall 3 will become available for order. However, the good news is the the existing Tesla solar energy hardware is arguably the best solar energy technology on the market today.