SAN RAFAEL, Calif., Sept. 16, 2014 (GLOBE NEWSWIRE) -- SolarCity (Nasdaq:SCTY) unveiled a new product in its Zep Solar line of solar products today—a flat roof solar mounting solution that is twice as fast to install and can generate significantly more solar electricity from each rooftop than alternatives for the commercial market. ZS Peak makes it possible for far more businesses, schools and other organizations to install solar power on their buildings and immediately pay less for solar electricity than they pay for utility power, and will significantly expand the addressable market for commercial solar.
Like the revolutionary Zep residential solar systems, ZS Peak provides an innovative snap-together system to simplify and accelerate installation. SolarCity estimates that ZS Peak can increase generation capacity on flat roof buildings by 20-50 percent per building and do so without requiring any penetrations. The system's dense, east-west layout structure will allow SolarCity to fit up to 20 percent more solar panels on standard roofs and up to 50 percent more panels on lightweight roofs, such as those commonly found on warehouses. The increase in panels per roof is particularly valuable in the commercial market, as conventional flat-roof solar systems typically power less than half of a commercial building's load.
ZS Peak's east-west orientation not only allows installers to fit more solar panels on each roof than standard south-facing systems, it also captures peak power production throughout a longer period of the day. By lengthening power production time and eliminating the typical mid-day spike of standard solar systems, SolarCity can also make more efficient use of solar inverters to further reduce costs for customers. ZS Peak has so significantly improved on the aerodynamics of conventional systems that it can be installed as a lightweight, non-penetrating system on many roofs that would otherwise require the solar panels to be bolted down.
SolarCity is currently installing its first project with ZS Peak and expects to begin installing the product in volume in January. Businesses and other organizations interested in SolarCity's services can contact the company directly at 1-888-SOL-CITY (1-888-765-2489) for a free, no-obligation solar consultation or visit SolarCity online.
SolarCity® (Nasdaq:SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 15 states and signs up a new customer every minute of the work day. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
This release contains forward-looking statements including, but not limited to, statements regarding addressable markets, generation capacity increases and customer impacts. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
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