CHARLESTON, S.C., Oct. 5, 2016 /PRNewswire/ -- SolarCity Corporation (NASDAQ: SCTY) today announced that it has launched residential solar service in South Carolina. The nation's number one solar power provider will make it possible for many local homeowners to immediately pay less for solar each month than they previously paid for utility bills and be eligible for thousands in additional dollars from applicable tax credits.
SolarCity expects to open a local operations installation center in the Charleston area at the end of October, and is actively hiring solar installers and salespeople now.
SolarCity's expansion into South Carolina is due in large part to the introduction of a new solar loan earlier this summer. SolarCity offers residents the option to choose 10-year or 20-year loan options or purchase their systems outright. All options include design and local installation, monitoring and a performance guarantee. The loans allow customers to prepay their entire balance or a portion of their loan to lower their monthly payments at any time, with no fees or penalties. SolarCity will also provide and install a Nest Learning Thermostat at no additional cost for qualifying customers.
Under a new pilot program available exclusively in South Carolina, SolarCity will allow Charleston area customers to purchase their systems online at a discount. Interested customers can visit www.solarcity.com/buyonline to see how much they could expect to save by going solar or they can contact the company by phone at 1-888-SOL-CITY (1-888-765-2489).
About SolarCity SolarCity (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing solar power 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.
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SolarCity is an Equal Opportunity / Affirmative Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state or local laws.
This release contains forward-looking statements including, but not limited to, statements regarding future hiring and company expansion, and customer cost savings. 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 most recent quarterly report on Form 10-Q, 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.
The statements contained herein should not be construed as tax advice. Please consult with your tax advisor regarding your eligibility for any tax credits or incentives.