Details on the Megapack have been in short supply up until now since, unlike the more consumer-focused Powerwall, the Megapack has largely been a business-to-business product.
A single Megapack energy storage unit can store up to 3.0 MWh of energy — equal to approximately 220 Powerwalls, and deliver a whopping 0.8 MW of power.
Pricing varies slightly from one state to another.
According to the order page, one Megapack costs $1,235,890 USD in the state of California, where Megapacks have already been used in the Saticoy power storage project that was recently built in lieu of a gas plant, the Moss Landing storage site, and Apple’s solar farm.
The $1,235,890 USD sticker price works out to about $406 USD/kWh with installation. Cost per unit decreases with every additional Megapack purchased, and a non-refundable deposit of $5,000 USD per Megapack is required to place an order.
In addition, Tesla charges an annual maintenance fee at a flat rate of 0.5% of the original order value every year.
Customers can purchase up to a maximum of 1,000 Megapacks per order. 1,000 Megapacks would offer 3 GWh of storage capacity, and would cost $848,135,990 USD at $278 USD/kWh.
Estimated Delivery Time
During his court testimony defending Tesla’s 2016 acquisition of SolarCity earlier this week, CEO Elon Musk revealed that the Powerwall had hit a significant production backlog due to the global chip shortage. Unfortunately, the Megapack happens to be in the same boat.
The estimated delivery time also varies by state. New orders in California, Nevada, Texas, and Hawaii will get estimated delivery timelines of 2022, whereas all other states are expected to get their orders sometime in 2023.
Expect more insight into the operations, performance, and future of Tesla’s energy division during the company’s Q2 earnings report, slated for Monday, July 26.
Nehal has a passion for everything tech — from electric vehicles to the latest smartphones, and everything in between. Click here to get 1,000 Tesla Supercharger miles free with your next Tesla purchase.