SolarCity Corp
Total capacity of implemented projects
up to 10 MW
Countries of projects presence
1
SolarCity Corp is a leading American company that specializes in the development of renewable energy projects. The company was founded in 2006 by brothers Peter and Lyndon Rive, and is headquartered in San Mateo, California. SolarCity is a subsidiary of Tesla, Inc., which acquired the company in 2016.
The primary focus of SolarCity is to develop and install solar energy systems for residential and commercial customers. The company offers a range of services, including design, installation, and maintenance of solar panels. SolarCity also provides financing options for customers who want to install solar panels but cannot afford the upfront costs.
SolarCity's mission is to accelerate the world's transition to sustainable energy. The company believes that renewable energy is the key to reducing carbon emissions and combating climate change. SolarCity is committed to making solar energy accessible and affordable for everyone.
SolarCity's business model is based on the concept of solar leasing. Instead of selling solar panels to customers, the company leases them to customers for a fixed monthly fee. This allows customers to enjoy the benefits of solar energy without having to make a large upfront investment. SolarCity also offers power purchase agreements (PPAs) which allow customers to purchase the electricity generated by the solar panels at a fixed rate.
SolarCity has installed over 3 gigawatts of solar energy capacity, making it one of the largest solar companies in the United States. The company has a presence in 27 states and has over 15,000 employees. SolarCity has also won numerous awards for its innovative business model and commitment to sustainability.
One of the key factors that sets SolarCity apart from other solar companies is its focus on customer service. The company has a dedicated customer service team that is available 24/7 to answer any questions or concerns that customers may have. SolarCity also offers a mobile app that allows customers to monitor their solar energy production in real-time.
SolarCity is also committed to sustainability in its own operations. The company has implemented a number of initiatives to reduce its carbon footprint, including the use of electric vehicles in its fleet and the installation of solar panels on its own facilities. SolarCity has also committed to sourcing all of its electricity from renewable sources by 2020.
In addition to its focus on solar energy, SolarCity is also involved in other renewable energy projects. The company has developed a number of energy storage solutions, including the Powerwall and Powerpack, which allow customers to store excess energy generated by their solar panels. SolarCity has also developed a number of microgrids, which are small-scale power grids that can operate independently of the main power grid.
SolarCity's commitment to sustainability has earned it a number of accolades. The company has been named one of the World's Most Innovative Companies by Forbes magazine, and has been recognized by the Environmental Protection Agency as a Green Power Partner. SolarCity has also been recognized by the Solar Energy Industries Association as the top residential solar installer in the United States.
SolarCity's success has not gone unnoticed by investors. The company went public in 2012 and has since seen its stock price rise significantly. In 2016, Tesla, Inc. acquired SolarCity in a deal worth $2.6 billion. The acquisition was seen as a strategic move by Tesla to expand its presence in the renewable energy market.
In conclusion, SolarCity Corp is a leading American company that is focused on developing renewable energy projects. The company's primary focus is on solar energy, and it has installed over 3 gigawatts of solar energy capacity in the United States. SolarCity's innovative business model, commitment to customer service, and focus on sustainability have earned it numerous accolades and made it one of the most successful renewable energy companies in the world.