SolarCity

Also known as SolarCity Corporation

SolarCity Corporation was a publicly traded company headquartered in Fremont, California, that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla CEO Elon Musk. Tesla acquired SolarCity in 2016, at a cost of approximately US$2.6 billion (equivalent to $ billion in ) and reorganized its solar business into Tesla Energy.

Key facts

Company.type: Public
Company.name: SolarCity Corporation
Company.logo: SolarCity wordmark.svg
Company.logo_size: 175px
Company.image: 393 Vintage Park Drive, Foster City.JPG
Company.image_caption: Original SolarCity headquarters in Foster City, California
Company.traded_as: (2012–2016)
Company.industry: Solar energy generation
Company.successor: Tesla Energy
Company.founders: Lyndon and Peter Rive
Company.fate: Acquired by Tesla, Inc.
Company.hq_location_city: Fremont, California
Company.hq_location_country: United States
Company.website: solarcity.com (defunct)

via Wikipedia infobox

Wikidata facts

Employees: 15000
Official website: www.solarcity.com
Image: 393 Vintage Park Drive, Foster City.JPG

Show 3 more facts

Commons category: SolarCity
inception: 2006-00-00
dissolved, abolished or demolished date: 2016-00-00

Sources (10)

via Wikidata · CC0

~28 min read

Article

31 sections

Contents

History
Workforce reduction
Acquisition by Tesla, Inc.
Products and services
Solar leasing
Commercial solar panels
Installation technology
Energy efficiency evaluations and retrofits
Electric vehicle chargers
SolarStrong project
Energy storage
Giga New York
Lawsuits and investigations
Buffalo Billion
Oregon Attorney General investigation
"Solar by Degree" project
Treasury Department inquiries
Customer litigation
Customer cancellation investigation
FCC receiving radio interference complaints
Vermont projects without approval
Allegations of faked sales numbers
Walmart lawsuit and Project Titan
The Checks and Balances Project
Project financing and the Google Fund
Trade organization and collaboration
Government-funded collaboration
See also
References
Further reading
External links

SolarCity heavily focused on door-to-door sales of leased systems, where customers would pay no upfront costs, but agreed to purchase the power generated by those panels from the company for 20 years. The business model became the most popular in the US and made the company the largest residential solar installer, but it caused SolarCity to have over $1.5 billion in debt by the time of its acquisition in 2016 (equivalent to $ billion in ).