Direct Energy and SolarCity Sign Multimillion Dollar Deal to Provide Solar Electricity to Businesses

Direct Energy and SolarCity Sign Multimillion Dollar Deal to Provide Solar
Electricity to Businesses

Financing Tailored for New and Existing Direct Energy Customers May Make it
Possible for Many to Pay Less for Clean Energy Than They Currently Pay for
Energy Costs

PITTSBURGH and SAN MATEO, Calif., Sept. 10, 2013 (GLOBE NEWSWIRE) -- Direct
Energy and SolarCity® (Nasdaq:SCTY) have undertaken a broad agreement to
provide solar electricity directly to businesses. The two companies have
created a dedicated investment fund capable of financing up to $124 million in
solar projects for Direct Energy's commercial and industrial (C&I) customers,
which is partially funded with up to $50 million from Direct Energy. While
many retail electricity providers ask customers to pay a price premium for a
"green energy" option, SolarCity can make it possible for many of Direct
Energy's customers to pay less than current rates for clean power*. Through
the arrangement, eligible Direct Energy C&I customers will be able to utilize
solar power with little or no upfront cost, depending on the customer's choice
of plans. Customers will be given a choice to pre-pay for their solar
electricity or pay a monthly payment, with installation, insurance, repairs
and monitoring service included.

Solar energy's use of free, abundant sunlight and rapidly falling technology
and operations costs have made it cost-competitive with power generated from
fossil fuels in a growing number of markets nationwide. SolarCity's vertically
integrated service model, combined with Direct Energy's energy expertise,
North American footprint, customer relationships and financial stability are
attractive to customers in a fragmented solar market.

"Solar is a viable opportunity that positions Direct Energy Business as a
total energy management service provider for commercial and industrial
customers," said Mike Senff, head of U.S. sales, marketing and 360Direct for
Direct Energy Business. "Solar complements Direct Energy Business' other
product offerings while supporting our customers' corporate sustainability

SolarCity is America's No. 1 full-service solar power provider in the U.S.
with more than 68,000 customers across 14 states, including more than 1,000
commercial and government customers. SolarCity has created 28 investment funds
to date. Direct Energy Business serves commercial and industrial customers in
14 states, the District of Columbia and five Canadian provinces, providing
electricity and natural gas supply and energy management services to more than
180,000 customers. Direct Energy Business is part of Direct Energy, North
America's largest competitive retail energy supplier, with more than six
million customer relationships across the continent.

"This unique relationship demonstrates how traditional energy companies and
renewable energy companies can work together to make clean energy more
accessible and affordable," said Jimmy Chuang, vice president of structured
finance for SolarCity. "Direct Energy is giving business and industrial
customers direct access to cheaper, cleaner energy. SolarCity gains an
important new avenue to provide its groundbreaking services to businesses at a
lower cost."

*Please note, this is not a guarantee for future energy costs.

About Direct Energy

Direct Energy is North America's largest provider of heating & cooling,
plumbing and electrical services and a leading energy and energy-related
services provider with over six million residential and commercial customer
relationships. Direct Energy provides customers with choice and support in
managing their energy costs through a portfolio of innovative products and
services. A subsidiary of Centrica plc (LSE:CNA), one of the world's leading
integrated energy companies, Direct Energy operates in 46 U.S. states plus the
District of Columbia and 10 provinces in Canada. To learn more about Direct
Energy, please visit,VSRPtargetId:2767,VSRPcmpt:hero

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 offers solar power, energy
efficiency and electric vehicle services, and makes clean energy easy by
taking care of everything from design and permitting to monitoring and
maintenance. SolarCity currently serves 14 states and signs a new customer
every five minutes. Visit the company online at and follow
the company on Facebook & Twitter.
This release contains forward-looking statements including, but not limited
to, statements regarding the number of organizations that can pay less for
solar electricity, the value of the projects that will be financed and the
benefits to SolarCity and Direct Energy. 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 registration statement on Form S-1, which has been
filed with the Securities and Exchange Commission and identifies certain of
these and additional risks and uncertainties. SolarCity does 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: Andrea Romo
         Direct Energy
         Jonathan Bass
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