2014 in Review

It’s been another amazing year at SolarCity with many huge milestones and accomplishments.

From acquiring Silevo to installing energy storage, launching a new solar loan and bringing hundreds of megawatts of solar capacity online, we’ve got a lot to celebrate. It was our company’s eighth anniversary in July, and we reached a new peak of more than 8,500 employees this month – that works out to nearly 1,000 hires per year since we launched the company with just two.

Our loyal customers, industry-leading partners and steadfast employees have made all of this possible. Together, we are changing the world and we can’t thank you enough for your help. Here’s a closer look at all of 2014’s milestones below. Cheers to 2015!

December

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MySolarCity brings info to the hands of customers and Solar Ambassadors

The new app brings real-time insights on energy production and consumption, as well as analysis of energy use, to SolarCity customers. New social features and tools including a photo sharing platform are also available to customers and Solar Ambassadors.

Jon Carson joins SolarCity

Jon, who previously served as the executive director of Organizing for Action, will work to promote a grass-roots movement for solar energy through SolarCity’s Solar Ambassador program.

November 

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More Solar and Energy Storage for Walmart

SolarCity, which has completed more than 200 solar projects at Walmart locations since 2010, enters into a contract for new installations in up to 36 states. Walmart has also completed 13 energy storage and solar projects with SolarCity, and ten new energy storage-solar projects are also planned.

SolarCity Teams with Navy

solar systems on nearly 6,000 Navy and Marine Corps housing units across San Diego County, California. The deal could generate 20 megawatts or more of solar power in one of SolarCity’s largest residential projects to date.

First Commercial Energy Storage Installation

SolarCity announces its first DemandLogic™ commercial smart-energy storage system: BJ’s Wholesale Club in Massachusetts will house combined solar and energy storage systems at two stores.

October

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Nation’s First Public Offering of Solar Bonds

SolarCity launches the nation’s first registered public offering of Solar Bonds along with an online marketplace (solarbonds.solarcity.com) to make investment opportunities directly available to consumers across the U.S.

September

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New Gigafactory in Buffalo, NY

SolarCity breaks ground for a new 1.2 million-square-foot gigafactory in Buffalo to manufacture solar panels through its recent acquisition of Silevo.

Seven State Expansion

SolarCity announces plans to open 20 new operations centers across Arizona, California, Delaware, Maryland, Massachusetts, Nevada and New York.

New Product Makes it Possible for Businesses to Increase Solar Output

SolarCity unveils ZS Peak, a flat-roof solar mounting solution that’s twice as fast to install and can generate significantly more solar electricity from each rooftop than alternatives for the commercial market.

August

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First Nevada Operations Center

SolarCity, with two Las Vegas offices, expands its Nevada presence with its first operations center in the state, a 18,000-square-foot facility in Henderson.

July

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SolarCity celebrates its eighth anniversary, announcing its workforce has grown to 7,500.

Pricing of Third Securitization

SolarCity announces another $200 million in Solar Asset Backed Notes.

June

Silevo Acquisition

SolarCity signs agreement to acquire Silevo, a solar panel technology and manufacturing company whose modules have demonstrated a unique combination of high energy output and low cost. In a blog by Elon Musk, Peter Rive and Lyndon Rive, the cousins explain their strategy to combine the best photovoltaic technology with massive economies of scale to achieve a breakthrough in the cost of solar power.

May

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SolarCity launches solar service in Nevada

For the first time, Nevadans can take advantage of clean, affordable energy!

SolarCity Teams Up with Carrier

SolarCity and Carrier, the HVAC conditioning giant, team up: Homeowners can receive a $1,000 rebate on Carrier equipment from participating dealers by going solar with SolarCity.

March

Poll: Americans overwhelmingly want clean energy

Clean Edge and SolarCity announce results of an inaugural national poll of U.S. homeowners, conducted by Zogby Analytics. Findings demonstrated that a majority of homeowners want more choices when it comes to their energy and electricity supply – www.solarcity.com/insideenergy.

February

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Long Island, Delaware and Eastern Shore Expansion

SolarCity expands its Long Island operations into an 18,000 square foot facility in Hauppauge. New center quadruples SolarCity’s Long Island footprint.

SolarCity expands to Delaware and the Eastern Shore of Maryland as well with a new 9,600 square-foot operations center in Seaford, Del.

January

Common Assets Acquisition and Expansion of Investor Access

SolarCity acquires Common Assets, which developed the new, web-based investment platform through which SolarCity allowed (in Oct. 2014) a broad range of investors, including both individuals and organizations, to participate directly in solar investments that had previously only been available to large financial institutions.

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