SolarCity Launches Smart Energy Home in Hawaii

Customer Self Supply program offers a customized combination of solar, battery storage, smart electric water heater and Nest Learning Thermostat™

Feb 24, 2016, 14:00 ET from SolarCity

HONOLULU, Feb. 24, 2016 /PRNewswire/ -- SolarCity (NASDAQ: SCTY) is introducing a Smart Energy Home offering to new residential customers in Hawaii. It includes advanced technology: solar PV, battery storage, smart electric water heaters and the Nest Learning Thermostat™—all coordinated by a home gateway that controls the battery, water heater, thermostat and inverter to maximize solar PV generation and self-consumption.

SolarCity's smart energy home management system combines solar with batteries to store excess electricity generated from the solar power system during the day, then deliver it to the home at night. The dynamically-controlled smart electric water heater uses solar PV to heat water during the day and store it for later use in the home. Altogether, the Smart Energy Home uses the battery, smart electric water heater and controllable Nest Learning Thermostat ™ to automatically modify energy usage based on how much solar power is available to prevent energy from being exported back to the grid.

System size, as well as the combination of technology and number of batteries, will vary based on customers' individual energy usage.

The Smart Energy Home offer is available by lease and by cash purchase, and SolarCity will begin taking orders today. For more information, visit http://www.solarcity.com/residential/states/hawaii-solar to learn more.

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 makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. 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 technological advances and future products and offerings. 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 annual report on Form 10-K, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

 

SOURCE SolarCity



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