Energy Value
Installing solar and Powerwall can help you save money by lowering your energy consumption from the grid. The Tesla app helps estimate savings from your Powerwall with the Energy Value card. This information allows you to view the amount of value generated on a single day, week, month or lifetime from your Powerwall.
By signing in to your Tesla app , you can manually enter your energy rates to help calculate the cost of energy for your home.
If you have a Powerwall, Energy Value also accounts for the additional value that your Powerwall generates by storing solar energy and lowering your consumption from the grid during the most expensive hours of the day. Your Energy Value is calculated even if your system is not on Time-Based Control.
Energy Value Estimation
We estimate your Energy Value to be based on the price of your grid energy. This information is based on the data you input from your energy rate plan, your rates can typically be found on your energy bill or by contacting your energy provider.
Follow the steps to add an energy rate plan to help provide estimates for your home.
The Energy Value estimate is calculated from all energy data Tesla has available for your home in the selected period: Solar Production, and your Home and Grid usage. Energy Value is primarily influenced by your solar production, and — if available — your grid imports and exports throughout the day but also accounts for the value that your Powerwall earned by storing excess solar energy produced during off-peak hours and using it during the most expensive hours of the day, also known as load shifting.
Feature Availability
The Energy Value impact cards require the Tesla app version with version 4.2.0 or later. Additional utilities and regions will be added routinely.
Frequently Asked Questions
How accurate is Energy Value?
The information on your energy rates are inputted by a user based on their current energy rate plan, we expect these values to be fairly accurate, however all values presented in the Tesla app are estimates. For several reasons, these values may vary from other calculations, such as those in your energy bill. These may include factors like aggregation, taxes and local fees, meter inaccuracies, data gaps, energy usage, non-bypassable charges, transmission / service fees or rounding, to name a few.
If I change my rate plan in the Tesla app, does that change my retail energy bill?
Changing your rate plan in the Tesla app will not change your rate plan with your current energy retailer. Contact your energy retailer should you wish to switch to a new rate. Similarly, switching your rate plan with your energy retailer or switching to another energy retailer will not automatically update the rate plan details in your Tesla app and will require you to update your rates within the app. You can always update your rates in the Tesla app at any time.
Can I edit my rate plan to find additional savings with my energy retailer?
You can edit your rate plan to estimate potential value changes when you switch your rate plan with your energy retailer.
When will my Powerwall get support for rate plan features and the Energy Value card?
These features are being released on a routine basis as we monitor performance and make adjustments to improve accuracy. As with other software updates, availability of these app features may vary, with a phased user rollout.