SolarCity
Sign in to saveSolarCity Corporation was a publicly traded company headquartered in Fremont, California, that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla CEO Elon Musk. Tesla acquired SolarCity in 2016, at a cost of approximately US$2.6 billion (equivalent to $ billion in ) and reorganized its solar business into Tesla Energy.
Key facts
- Company.type
- Public
- Company.name
- SolarCity Corporation
- Company.logo
- SolarCity wordmark.svg
- Company.logo_size
- 175px
- Company.image
- 393 Vintage Park Drive, Foster City.JPG
- Company.image_caption
- Original SolarCity headquarters in Foster City, California
- Company.traded_as
- (2012–2016)
- Company.industry
- Solar energy generation
- Company.successor
- Tesla Energy
- Company.founders
- Lyndon and Peter Rive
- Company.fate
- Acquired by Tesla, Inc.
- Company.hq_location_city
- Fremont, California
- Company.hq_location_country
- United States
- Company.website
- solarcity.com (defunct)
via Wikipedia infobox
Article
31 sectionsContents
- History
- Workforce reduction
- Acquisition by Tesla, Inc.
- Products and services
- Solar leasing
- Commercial solar panels
- Installation technology
- Energy efficiency evaluations and retrofits
- Electric vehicle chargers
- SolarStrong project
- Energy storage
- Giga New York
- Lawsuits and investigations
- Buffalo Billion
- Oregon Attorney General investigation
- "Solar by Degree" project
- Treasury Department inquiries
- Customer litigation
- Customer cancellation investigation
- FCC receiving radio interference complaints
- Vermont projects without approval
- Allegations of faked sales numbers
- Walmart lawsuit and Project Titan
- The Checks and Balances Project
- Project financing and the Google Fund
- Trade organization and collaboration
- Government-funded collaboration
- See also
- References
- Further reading
- External links
SolarCity Corporation was a publicly traded company headquartered in Fremont, California, that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla CEO Elon Musk. Tesla acquired SolarCity in 2016, at a cost of approximately US$2.6 billion (equivalent to $ billion in ) and reorganized its solar business into Tesla Energy.
SolarCity heavily focused on door-to-door sales of leased systems, where customers would pay no upfront costs, but agreed to purchase the power generated by those panels from the company for 20 years. The business model became the most popular in the US and made the company the largest residential solar installer, but it caused SolarCity to have over $1.5 billion in debt by the time of its acquisition in 2016 (equivalent to $ billion in ).
Connections
Categories
2006 establishments in California2012 initial public offerings2016 mergers and acquisitionsAccuracy disputes from May 2015American companies established in 2006Companies based in Fremont, CaliforniaCompanies formerly listed on the NasdaqElon MuskEnergy companies established in 2006Energy in the San Francisco Bay AreaRenewable resource companies established in 2006