SolarCity announced this week that it has now expanded into the Houston area for the first time, giving residents the chance to go solar for as little as $40 per month.
SolarCity, the United States’ leading solar energy provider, relaunched its solar program earlier this month into 14 states across the US, with plans to expand as soon as possible. The new solar loan program replaced the company’s MyPower product, which the company pulled earlier this year. Announced on Monday, SolarCity revealed that it is now making its solar services available to the Greater Houston area with purchase, loan, and lease options all available.
SolarCity, for as little as $40 per month, provides solar installations complete with the design, installation, financing, monitoring, and a performance guarantee — and qualifying customers can also walk away with a Nest Thermostat free of charge.
In addition, for Houston homeowners, SolarCity has partnered with local retail electricity provider M2P Energy to give residents, whose transmission service provider is CenterPoint Energy, access to full net metering benefits.
SolarCity installed 870 MW of solar in 2015, up 73% from its 2014 figures, solidifying its position as the leading solar installer in the US. However, SolarCity only offered installation guidance of 180 MW for its first quarter, which worried some investors, and only installed 214 MW of new solar in the quarter, which would have been OK, if it had not also lost $2.56 per share during the quarter.
Nevertheless, SolarCity continues to expand, and is expecting to hire between 50 and 100 local staff in Houston for sales, installation, and related fields.
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