Dearest Australians, rejoice! The highly anticipated Powerwall by Tesla will be hitting the shores later this year.

The same people behind the Model S electric Sedan have developed a new battery that can run your entire house.

Tesla’s CEO, Elon Musk announced the Powerwall back in May, claiming that it would help to reduce dependency on the grid and getting rid of it completely one day.

“Our goal is to fundamentally change the way the world uses energy,” Musk said.

“It sounds crazy, but we want to change the entire energy infrastructure of the world to zero carbon.”

The aim of Telsa Energy, similar to that of Telsa Motors, is to eliminate dependency on fossil fuels and move towards more sustainable fuel sources, with an expected spike in solar usage.

“In Australia, the price you are paid for the excess solar power your home generates is lower than the price you pay for electricity from the grid,” says the official website

Tesla Energy will be launching in Australia, bringing the Powerwall for residential, and the Powerpack for larger business.

Tesla will be providing the standard 7kWh Powerwall, and also a 10kWh for a higher throughput. The Powerpack will consist of a 100kWh battery block and can be upgraded for anything between 500kWh to 10MWh.

The Powerwall works on a lithium-ion battery that will be mounted onto the wall of a home. So the Powerwall will store any excess energy from the solar panels, meaning that consumers could use their own energy at night, and go right off the grid.

More information will be released in the upcoming weeks as to availability and pricing. Estimates of price sit at around $4000 AUD. Various power supplies will be teaming up with Telsa to provide the service, but no list has been confirmed as of yet.