(NASDAQ: SCTY), a leading provider of clean energy, announced that it
plans to open a new location in Nevada, and expects to create hundreds
of jobs in the state in the next several years. SolarCity's expansion is
due in large part to the efforts of Governor Brian Sandoval and the
Nevada Office of Economic Development.
"The approval today of SolarCity's Catalyst Fund application, represents
the successful collaborative effort that took place between local,
regional and state economic development agencies," Governor Brian
Sandoval said. "I am excited to welcome SolarCity to the Nevada family."
The new location will initially house new expansions of key
administrative divisions, including portions of the company's sales,
asset management and customer care groups. SolarCity's first solar
projects in the state are also underway--the company is building more
than 100 solar projects in Nevada housing communities in partnership
with Shea Homes.
"SolarCity is changing the way families and businesses across the
country can benefit from clean energy and I am pleased that such an
innovative company is coming to Nevada," said Nevada Senator Harry Reid.
"I was able to help pass an eight-year extension of the federal tax
credits for residential and commercial solar installations in 2008 which
has been instrumental in creating jobs across Nevada and the nation. I
hope that SolarCity's expansion will help Nevada create the regulatory
and business certainty needed to continue to take advantage of Nevada's
abundant solar energy resources."
Nevada receives among the greatest amount of direct sunlight of any
state in the U.S. Though Nevada hosts a handful of large solar power
plants, the state's potential for distributed residential and commercial
solar power generation is largely untapped and has tremendous room for
"With its solar resource, Nevada has an opportunity to be a national
leader in distributed renewable power generation," said Lyndon Rive, CEO
of SolarCity. "We expect today's announcement to initially create more
than 100 jobs, but a sustainable local solar industry could create
thousands of jobs. We hope to partner with the state and industry to
create the business and regulatory certainty that can pave the way for a
thriving local solar economy."
SolarCity is currently scouting locations in Nevada and expects to begin
hiring soon. Candidates can email SolarCity directly about employment
opportunities in Nevada at email@example.com.
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 www.solarcity.com and
follow the company on Facebook & Twitter.
This release contains forward-looking statements including, but not
limited to, statements regarding the expected number of new jobs, the
future growth of solar generation in the region and other future
business opportunities. 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.
Jonathan Bass, 650-963-5156 (Media)