General Motors announced it will begin offering its GM Energy home energy management systems and PowerBank residential batteries in lease programs. Homeowners can lease the GM Energy products similar to leasing a vehicle.
“We built GM Energy to unlock new benefits unique to EVs. How incredible is it that a GM EV can provide power to your properly equipped home, help manage your energy costs and in the future will work with the grid?” said Wade Sheffer, vice president of GM Energy. “With leasing, we’re removing a barrier and trying to make this technology available to any homeowner, not just GM EV owners. This is about giving people a smarter way to manage their energy and getting more value out of every dollar they spend.”
Some GM EV owners have kept their household lights on during Gulf Coast hurricanes or West Coast wildfires. Others are lowering their electric bill by charging overnight and using stored energy during peak hours. In Texas, GM’s “Free Charge Nights” program with Reliant Energy makes that even easier. Other utilities are getting on board with programs like PG&E’s vehicle-to-everything (V2X) pilot, which can allow EVs to send power back to the home, the grid, or other devices, offering up to $4,500 in incentives for eligible applicants on qualifying GM Energy products.
GM Energy has seen positive internal testing for vehicle-to-grid capability and is now working to certify it with local utilities, moving closer to a future where cars, homes and the grid actually work together.
More details on GM Energy’s leasing program will be shared closer to launch.
