Stay current: the week’s best solar links

By SolarCity

June 24, 2016


We’ve rounded up our top reads of the week about solar and the future of the energy … so you can stay current.

-A report published this week by the International Renewable Energy Agency finds that recycled solar photovoltaic panels could be worth $15 billion by the year 2050. (PV Magazine / Ian Clover)

-Pacific Gas & Electric Co. announced it’s closing the last remaining nuclear power plant in the state of California. The decision is accompanied by a proposal to replace the power currently produced by the nuclear plant – enough electricity to power over 1.7 million homes – with a combination of energy efficiency, renewables and energy storage. (LA Times / Ivan Penn and Samantha Masunaga)

-Solar Impulse, the airplane currently making the first round-the-world flight powered completely by solar energy, achieved a milestone this week, becoming the first aircraft to cross the Atlantic Ocean running on nothing but sun. (BBC News / Jonathan Amos)

-Scientists in South Korea have created solar PV cells that are thinner than a human hair. (Vox / David Roberts)

-Nigeria, Africa’s largest economy, is no stranger to electricity challenges: the country has a reliable power supply rate of only 18%. A new solar power solution hopes to increase the adoption of renewable energy there by allowing customers to lease solar equipment with an affordable pay-as-you-go subscription model. (Quartz / Yomi Kazeem)

Stay current: the week’s best solar links

By SolarCity

June 17, 2016


We’ve rounded up our top reads of the week about solar and the future of the energy … so you can stay current.

-A new forecast from Bloomberg New Energy Finance suggests that clean energy is poised to dominate in the coming decades. Between 2016 and 2040, global investment in renewables is predicted to reach $7.8 trillion (led by solar), compared to $2.1 trillion for fossil fuels. During that period, more than two-thirds of new electricity capacity will be renewable. (Bloomberg / Tom Randall)

-A Boston University study offers further evidence that rooftop solar panels can save money for everyone – yes, even for homes that don’t have solar panels. The reason, explains Professor Robert Kaufmann, is that solar power helps avoid the need for operating expensive power plants; that, in turn, lowers the cost of electricity for all consumers. (Boston University / Nancy Averett)

-America’s cars, trucks, and planes now rival its power plants for being the country’s biggest source of carbon pollution. The transportation sector and the electricity sector each currently accounts for roughly one-third of the country’s CO2 emissions, although electricity generation has recently become cleaner thanks to advances in renewables and energy efficiency. Those same innovations, it turns out, will be crucial for realizing the promise of sustainable transportation. (Vox / Brad Plumer)

-Solar power can make living in affordable housing even more affordable. Community HousingWorks, which operates affordable housing communities, will partner with Everyday Energy and SolarCity to install 12 new solar arrays –- totaling 2.9 megawatts of electric capacity. (CleanTechnica / Derek Markham)

Stay current: the week’s best solar links

By SolarCity

June 10, 2016


We’ve rounded up our top reads of the week about solar and the future of the energy … so you can stay current. 

We’ve rolled out a new loan program at SolarCity, and we’re excited about it: homeowners can now buy solar panels instead of leasing them, thereby collecting the federal and state tax benefits that come with system ownership. (Ivan Penn/Los Angeles Times

India and the United States have joined forced in the fight against climate change. The countries’ leading announcement earlier this week was a clean energy initiative that’s expected to provide renewable electricity to around 1 million households by 2020. (Cristina Maza/The Christian Science Monitor)

Go, EV, Go: a new report by the International Energy Agency estimates over a million electric cars hit the roads worldwide last year. Four charts summarize the EV industry’s fast growth. (Brad Plumer/Vox)

Speaking of huge milestones, last month marked the first time solar electricity outproduced coal in the UK. (Damian Carrington/The Guardian)

Advocates saying solar can save ratepayers money by avoiding costly grid infrastructure improvements now have proof. Thanks to efficiency and rooftop solar, California’s primary grid operator was able to cancel upgrade projects totaling $192 million dollars in savings for PG&E customers. (Julia Pyper/Greentech Media)

The San Francisco Business Times Got My Salary Wrong, But Only By $77 Million

By Lyndon Rive, CEO

June 09, 2016

The San Francisco Business Times reported yesterday that my salary was $77 million in 2015, when I actually earned $275,016. They refuse to correct it, so I’m setting the record straight here. 

The SFBT story based its number on the stock option grant I received from the SolarCity board in August, but that grant is completely tied to business metrics that will take years to achieve. I have received zero options thus far from the grant. Bloomberg did an excellent job of explaining the caveats associated with this grant in April. SFBT didn't bother to do so.

Misleading stories are written about CEOs every day, but this one really bothers me because I personally believe CEOs’ compensation should be directly connected to the value they create for employees, customers and shareholders. In my opinion, CEOs should not receive a reward if their companies are not creating similar value for the other people that are making the company successful.

My own compensation is based on this principle: if SolarCity does not significantly increase value for shareholders and employees and deliver a better experience for customers, then I do not deserve more than my base salary, and that’s the only pay I will receive.

6 tweets that show solar panels really do brighten your day


June 07, 2016


There are now over 1 million solar power systems in the U.S. It’s a big moment for the solar power community, but it’s also just a start. The number of solar installations in America is projected to increase by another million within just a couple years.

Solar customers have a lot of reasons to be happy – including lower utility bills, greater independence from fossil fuels, and a healthier environment. But don’t just take our word for it. Hear what our growing community of solar customers – now more than 250,000 strong -- are saying about their solar power experience.

Twitter, among other social networks, is pulsating with posts from SolarCity customers that capture their excitement about capturing energy from the sun.

First and foremost, our customers don’t hesitate to brag about their spectacularly low utility bills.

Beyond saving cash, our solar customers are also proud of their leadership in protecting the planet -- cutting carbon pollution, reducing water use, and improving air quality.

Here's another beaming customer, four years after going solar...

Since all our customers can view the performance of their solar panels in real-time through the nifty MySolarCity app, they can take comfort and pride in seeing firsthand their panels performing well throughout the year – rain or shine, hot days and cold days. All without the need to burn a single drop of fossil fuel.

The enthusiasm from the above customers doesn’t go unnoticed by their neighbors. In fact, a large fraction of SolarCity customers are referred by a friend. As a result, solar power in America – and the excitement that comes along with it – is spreading faster than ever.

The new generation of solar citizens is growing year after year. With the number of systems installed set to double in the next two years, happy solar customers are popping up all over the country.

Want to join a community of financially savvy and environmentally friendly folks who are leading the charge on energy independence? There’s never been a better time … get your free, no-commitment solar consultation with SolarCity today!

About This Blog

SolarCity's mission is to accelerate the mass adoption of clean energy. Follow solar’s progress here.

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