A Battery for Your House

Tesla’s new PowerWall battery is designed to help you save money on your electricity bill and provide backup power in case of an outage. But do the economics make sense? Elon Musk’s electric car company has spawned a massive new battery manufacturing business, which is the genesis of its new line of battery products for homes. The PowerWall comes in two models, and they’re most useful for homeowners who are also investing in a solar power setup. But the costs are significant, and the savings on electricity won’t offset those costs for many years, even with a solar panel recharging the battery with free energy. I’ll run through some of the specifics on today’s Real Estate Minute. Be sure subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And for more of my real estate and personal finance tips: Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink