Off grid energy storage has been severely hampered by the lifecycle cost of $ per kWh stored. Lead acid batteries suck, lithium ion/liPo has until very recently been very expensive in $/kWh. Other energy storage systems have been limited in scale or are only feasible at very specific places, such as large scale pumped-storage hydroelectricity.
If the cost of $$$/kWh stored comes down far enough, it will be entirely possible to build a home that has no connection to the electrical grid at all. Assume this prototypical home is in an American city where electricity from the grid costs 8 cents per kWh. If you make a refrigerator sized battery low enough cost it may be possible with TODAY's cost of solar panels to have a lifecycle cost of 6 cents per kWh consumed. While simultaneously having the effect of making that home energy-independent from the grid and the whole thing being its own immense UPS.
The powerwall is the first step towards this.