Tesla's PowerWall unit comes in a 7kWH 'daily cycle' and a 10kWH 'weekly' cycle version, both guaranteed for ten years.
I suppose that's supposed to mean a rating for 3,650 x 7kWH cycles, best case, or they're fudging and assuming fewer and shallower cycles.
Also, California has a progressive electrical rate that you're not factoring in. The more you use, the higher the rate. Many if not most houses and virtually all businesses are buying some electricity at $.30+/kWH or so. Saving that portion saves more than just the overall average rate.
Add all those together, and it might make financial sense for someone to buy one of these taxpayer-wrought boondoggles quickly, before it blows up.
Two of my neighbors, having calculated in decent detail that 'green' subsidies will enrich them from the public weal, are installing massive rooftop solar arrays to sell energy back to the utility. The neighbors profit, and the utility gets to offset its reliance on dirty, dirty, carboniferous hydroelectric power (it's a hydro facility). Isn't politics great? Win-win.
Cheers, James Arthur