mercedes-benz and vivint solar partner to compete with tesla in home energy - home energy storage system

Mercedes-
Mercedes is working with the United States. S. -
Based on Vivint Solar energy (VSLR)
With Tesla (TSLA)
There are similar companies in residential solar and storage. Mercedes-Benz (DAI-DE)
Energy will combine 2 of it. 5 kilowatt-
An hourly energy storage battery on the Vivint roof that produces a combined product for the homeowner. "As Mercedes-
Mercedes-Benz powered its fleet, and solar storage is critical to enabling these vehicles to be powered by clean energy, "said Mercedes-Benz CEO Boris von Borman.
Mercedes-Benz American Energy said in a press release.
He added that similar projects have been successful in Europe.
Depending on the system, the cost will be different, but 2 of the full installation.
According to a Vivint solar spokesman, it will cost about $5 KW to pair the battery system with the solar system at 5,000 hours.
Household energy storage system at 20 KW hours-
Consists of several connected batteries
It takes about $13,000 to fully install.
The product includes complete packaging: Battery, inverter, all required technical components, professional installation, licensing, System Design and Consultation with Vivint Solar.
Once licensed, the installation of the entire system, including solar panels and batteries, usually takes one to two days.
Through this partnership, the two companies will be able to offer products similar to what other companies are bringing to market.
Tesla highlighted in particular the benefits of selling energy storage batteries with solar panels.
The company has begun accepting orders for solar roof tiles that can be connected to its Powerwall battery.
But the news comes as some indicators show the solar industry slowing.
According to a press release, the Vivint/Mercedes project will start rolling out in California in the second quarter.
"The choice to work with Mercedes --
Mercedes-Benz energy, world-
The first-class innovator in the energy storage space is a simple innovator, "said David Biwater, CEO of vivinint Solar, at a press conference.
"We believe their energy storage system will delight our customers and are impressed by their ambitious plans for the future.
"Mercedes-Benz's fleet is rapidly moving in the direction of electric vehicles, and some believe that the company may become a strong competitor to Tesla, especially in terms of luxury cars.
For example, the German carmaker announced on the 3 th that it plans to speed up the 10 batteries for its debut --
From 2025 to 2022, it took three years for electric vehicles.
Vivint Solar is one of the three largest residential Solar installers in the United States. S.
Although it lags behind SolarCity, which Tesla bought at the end of last year.