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Last €26.93 EUR
Change Today +0.58 / 2.20%
Volume 940.0
0SC On Other Exchanges
As of 3:48 PM 02/5/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3055 Clearview Way

San Mateo, CA 94402

United States

Phone: 650-638-1028

Fax: 650-638-1029

SolarCity Corporation engages in the design, manufacture, installation, and sale or lease of solar energy systems to residential and commercial customers; or the sale of electricity generated by solar energy systems to customers. The company primarily serves customers in 15 states and the District of Columbia. Products, Services, and Technology The company uses a portfolio of complementary products, services, and technology innovations to reduce the burdens of switching to solar energy. Solar Energy Systems The major components of the company’s solar energy systems include solar panels that convert sunlight into electrical current, inverters that convert the electrical output from the panels to a usable current compatible with the electric grid, racking that attaches the solar panels to the roof or ground, and electrical hardware that connects the solar energy system to the electric grid and the company’s monitoring device. In 2014, the company further integrated its business by acquiring Silevo, Inc. (Silevo) and its proprietary Triex technology, allowing production of solar panels with a combination of high energy output. The company also entered into a long-term partnership with the Research Foundation for the State University of New York to construct a manufacturing facility capable of producing 1 gigawatt of Silevo Triex solar panels annually. Customer Agreements SolarLease and SolarPPA Customer Agreements: The company’s SolarLease and SolarPPA customer agreements have fueled its growth by allowing its customers to pay little or no upfront costs to switch to distributed, solar energy. Over the terms of both agreements, the company owns and operates the system and guarantees its performance. MyPower Loan Agreement: The company’s first-of-its-kind MyPower product combines the benefits of its SolarPPA with financing directly through the company. Under the MyPower loan agreement, the company operates and maintains the system through the 30-year term of the agreement. The MyPower product allows the company to expand its customer base to customers preferring system ownership and expand its markets to jurisdictions less favorable to third-party owned systems. Grid Control/Energy Storage Systems The company is also developing proprietary battery management systems built on its solar energy monitoring communications backbone. These battery management systems are designed to enable remote, fully bidirectional control of distributed energy storage that could provide benefits to its customers, utilities, and grid operators. The benefits to the company’s customers of energy storage coupled with a solar energy system might include back-up power, time-of-use energy arbitrage, rate arbitrage, peak demand shaving, and demand response. The benefits to utilities and grid operators might include stable grid management and improved up-time. Zep Solar (Zep Solar, Inc.) Mounting Systems The company owns Zep Solar and operates it as a wholly-owned subsidiary. Zep Solar supplies the company with complementary mounting and grounding hardware. In 2014, Zep Solar launched ZS Peak, a flat roof solar mounting solution reducing installation time and increasing the electricity generation and panel capacity with a dense, east-west layout. Proprietary Software SolarBid Sales Management Platform: SolarBid is the company’s proprietary sales management platform that incorporates a database of rate information by utility, sun exposure, roof orientation, and various other factors to enable a detailed analysis and customized graphical presentation of each customer’s savings. SolarBid simplifies the sales process and automates pricing, system configuration, and proposal generation. It also automatically prepares the customer agreements, incentive forms, and utility paperwork required to complete a project. SolarBid is designed for maximum flexibility, allowing the company to add new products, services, and geographies. SolarWorks Customer Management Software: SolarWorks is the company’s proprietary software platform used to track and manage every project. SolarWorks’ embedded database and custom architecture offe


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0SC Competitors

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Company Last Change
SunEdison Inc $2.69 USD -0.17
SunPower Corp $24.62 USD -1.03
Sunrun Inc $7.96 USD -0.09
Vivint Solar Inc $8.05 USD -0.25
Yingli Green Energy Holding Co Ltd $4.35 USD -0.10
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