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Tesla Electric — New Electricity Plan From Tesla

Tesla has launched a new division, or perhaps we should say a new offering — Tesla Electric. Starting in Texas, this is an electricity plan from Tesla. In other words, Tesla could be your utility.

As the company stated in an introductory tweet, “Introducing Tesla Electric, the electricity plan that offers low-cost clean energy for homes with Powerwall—starting in Texas → Tesla Electric lets Powerwall owners generate, use & export sustainable power to run their homes.”

With this Tesla utility plan, your Powerwall automatically makes the calls on when it’s best to sell electricity to the grid, when it’s best to store it, and when it’s best to charge your electric vehicles.

Also, any electricity usage you need beyond your own solar generation is provided via renewable energy (or renewable energy offsets).

Indeed, you do have to be a Tesla Powerwall owner to participate in the Tesla Electric utility plan. “You earn credits toward your bill when you contribute energy stored in your Powerwall to buffer the grid. As a member, you can also monitor the sources of your electricity supply 24/7 in the Tesla app and ensure that any electricity you use from the grid is offset with 100 percent Texas-generated renewable energy. On average, Tesla Electric members have the potential to earn over 50 percent more in credits on their electricity bills compared to similar plans,” Tesla states.

For more information, head straight to the Tesla Electric webpage.

As stated at the top, Tesla Electric is launching in Texas, but it will presumably be expanded to other places in the US and abroad as quickly as possible and practical. How can you tell if you’re eligible for Tesla Electric? You can check your Tesla app and see if you have the “Tesla Electric” banner.

All images courtesy of Tesla.

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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


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