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SolarCity Launches Homebuilder Program on East Coast

SAN MATEO, Calif., Jan. 15, 2015 (GLOBE NEWSWIRE) -- Homebuilders across the East Coast can now partner with SolarCity® (Nasdaq: SCTY), the nation's #1 solar power provider, to secure affordable, clean energy for new home communities. More than 10 local homebuilders from Connecticut, Delaware, Florida, Maryland, Massachusetts, New Jersey and New York have already begun offering solar power to homebuyers through SolarCity, giving hundreds of homeowners the chance to save on their energy bills and lock in low, affordable solar energy rates for years into the future. SolarCity's homebuilder program already serves the West Coast and has more than 100 builder partners across Arizona, California, Colorado, Hawaii, Nevada, Oregon and Texas.

SolarCity added more than 4,000 new jobs in 2014 and significantly expanded on the East Coast in the past year by opening nearly 10 new local operations centers. The solar industry has also experienced major growth across the East Coast thanks to favorable renewable energy policies and high levels of demand from consumers who want to take advantage of clean, affordable energy.

The East Coast builders who have chosen SolarCity to provide clean power in their communities include:

Baldwin Homes
Brookfield Residential
Covell Communities
Eager Street Development
Fernmoor Homes
Greenergy Communities
LifeStyle Homes
Rieger Homes
Shea Homes (Trilogy)
Station Arts
Tommy Williams Homes

SolarCity provides homebuilders across the country with full-service solar solutions that include customer service, real-time monitoring, insurance and repairs for their homebuyers. The company currently serves 15 states from more than 65 operations centers across the U.S.

About the SolarCity Homebuilder Program

Solar power delivers distinct benefits for homebuilders and homebuyers. SolarCity can typically offer solar installation for no added cost and allow homeowners to lock in low, predictable energy rates for years into the future. SolarCity gives homeowners control of their solar electricity costs to protect them from future rate increases and can help them save money on their monthly utility bills.

For homebuilders, solar options represent an enticing (and eco-friendly) way to attract potential buyers to their new communities and homes. In fact, more than 90 percent of Americans think that the United States should develop and use more solar energy. [1] Even more, SolarCity's solar power options do not increase construction costs for the homebuilder. To learn more, please visit www.solarcity.com/homebuilder.

About SolarCity

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 approximately one new customer every minute of the work day. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.

[1] According to the Solar Energy Industries Association National Solar Survey.

This release contains forward-looking statements including, but not limited to, statements regarding future projects and partners and associated cost savings. 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.

CONTACT: Media Contact Molly Canales 650-963-5674 press@solarcity.comSource:SolarCity