In December 2015, Green Mountain Power (GMP) became the first utility to lease and sell Tesla Powerwall batteries directly to customers. The battery systems can be paired with small-scale solar to store locally generated energy, or it can be used without solar as a battery to store power from the grid.
The GMP battery strengthens the customer relationship as it is the utility—and not a third-party provider—offering an innovative and high-profile new technology to customers. In addition, the model allows the electric utility and customer to share the costs and benefits of the battery system thereby making the battery system a valuable asset and a more cost-effective investment for both parties.
Greentech Media: What’s the Value of a Tesla Powerwall? $50 Per Month, Bets Green Mountain Power
Green Mountain Power: Green Mountain Power to Offer Tesla Home Battery
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