SolarCity Launches First-of-its-Kind Solar Service in Reno, Sparks and Carson City, Nevada

Nation's #1 rooftop solar power provider can make it possible for Reno-area homeowners to pay as little as $30 per month for solar power


RENO, Nev., Feb. 17, 2015 (GLOBE NEWSWIRE) -- SolarCity® (Nasdaq:SCTY) is launching its solar service in Reno, Nevada, for the first time. The nation's #1 rooftop solar power provider can make it possible for many homeowners in Reno, Sparks and Carson City to install solar panels with no upfront cost and pay less for solar electricity than they pay for electricity from their utility company. SolarCity can allow area homeowners to go solar for as little as $30 per month [1], with design, installation, financing, insurance and monitoring included. SolarCity plans to open a Reno operations center in April, and expects to hire more than 30 local staff in the next few months.

SolarCity will begin taking the first orders from Reno, Sparks and Carson City homeowners today. The company expects to begin installing solar panels after the operations center opens, and will accommodate customers on a first-come, first-served basis. SolarCity will initially serve customers of NV Energy.

Area homeowners interested in SolarCity's services can visit SolarCity online at www.solarcity.com or contact the company at 1-888-SOL-CITY (1-888-765-2489) for a free, no-obligation solar consultation. Candidates interested in employment opportunities in the area can review available positions and contact SolarCity directly via its online jobs form at www.solarcity.com/careers.

Nevada's strong sun makes solar power more affordable and gives the state the potential to become one of the largest solar markets in America. SolarCity has already attracted thousands of local customers in the state less than a year after it launched residential solar service in the Las Vegas area. SolarCity is also Nevada's largest solar employer with more than 1,000 employees in the state. Nevada's solar jobs increased 146 percent in The Solar Foundation's 2014 jobs census, and the state now places #1 in the nation in solar jobs per capita.

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] A 3 kW system starts at $30-$40 per month with an annual increase of 0-2.9% each year for 20 years, on approved credit.

This release contains forward-looking statements including, but not limited to, statements regarding future hiring, future savings and assumptions related to the foregoing. 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.

Nevada Contractor's License Number: NV20121135172/EC 0078648



            

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