Tag: SolarCity

May 2, 2022

A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar […]

September 24, 2018

Elon Musk unveiled prototypes of Tesla’s Solar Roof tiles In October 2016. They came in four styles that looked just like normal roofing material but were essentially miniaturized versions of traditional solar panels. The announcement helped Tesla justify its $2.6 […]

June 14, 2017

Recently, the Securities and Exchange Commission opened investigations into the selling practices of some of the largest solar installers in the country. The oversight commission’s concerns are primarily centered on the high cancellation rates of residential solar lease and power […]

May 17, 2017

After a record-breaking year for the solar market, the total global installed base of operational PV systems surpassed 300 gigawatts. And the identity of the top asset owner may come as a surprise: Tesla. According to a new report from […]

November 18, 2016

Shareholders of Tesla Motors Inc. and SolarCity Corp. approved Tesla’s $2.1 billion all-stock offer to merge and create one company headed by Elon Musk that would sell emissions-free cars and rooftop solar panels that power them. “Your faith will be […]

October 31, 2016

Tesla Motors Inc. is getting ready for one of its biggest unveilings to date: a new home roofing system that redefines the aesthetics of solar power, combined with massive wall-hung batteries to provide electricity into the night. The new products will […]

August 2, 2016

Tesla Motors said it would buy solar panel installer SolarCity for $2.6 billion in shares to form a one-stop clean energy shop. The deal is a major part of Tesla Chief Executive Elon Musk’s master plan “part deux” that calls […]

June 28, 2016

Two additional SolarCity board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla’s offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new recusals […]

June 22, 2016

Elon Musk proposed combining the electric-car and solar-energy companies that he backs, the latest in a series of financial shuffles among disparate firms of his empire. Tesla Motors Inc., Mr. Musk’s Palo Alto, Calif., electric-car company, on Tuesday offered to […]

June 15, 2016

California is ground zero for solar energy in the United States. So, it seems logical to start our state-level solar energy deep dives here. In the article below, I’ll provide as thorough a look at California solar incentives + solar […]

June 3, 2016

US residential installer SolarCity is now offering customers the chance to immediately pay less for solar each month than they previously paid for utility bills while collecting thousands in additional from applicable tax credits through its new loan programme that […]

May 11, 2016

After their hot rally at the end of last year, shares of solar energy firms have turned ice cold as concerns about slower growth and regulatory uncertainties plague the group. SolarCity (SCTY.O) led the sell-off on Tuesday after the company […]

May 6, 2016

SolarCity, best known for its services in the US for providing residential and commercial rooftop solar, today announced a new set of services targeted at utility and grid operators. The PV provider will be branching into installation, financing and consulting […]

April 11, 2016

SolarCity closed two major rounds of funding this week that will give a boost to its residential and commercial solar businesses, and could possibly breathe new life into a languishing commercial and industrial (C&I) solar market. On April 7, the […]

April 7, 2016

SolarCity Corporation (NASDAQ: SCTY) today announced it has closed a new $150 million non-recourse financing facility with Credit Suisse to support deployment of commercial solar energy systems—including battery storage systems—for businesses, schools and government organizations across the U.S. The facility […]

February 26, 2016

America’s leading solar provider, SolarCity, has announced the creation of a new $249 million tax equity fund to finance solar projects. Less than a fortnight after the company revealed impressive installation growth in 2015, installing 870 MW throughout the whole […]

January 27, 2016

SolarCity appears to be back in growth mode with the agreement of a US$160 million financing deal for residential rooftop arrays. Prior to the confirmation of the investment tax credit extension, the company said it was changing strategy. Read More […]

January 25, 2016

Leading solar company SolarCity recently finalized its 5th securitization of loans, and the world’s 1st securitization of distributed solar loan assets, totaling $185 million. With an expected repayment date of March 2022, SolarCity securitization’s are offering a blended yield rate of 5.81% and […]