SolarCity Introduces its First Community Solar Option for Renters

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Go back to SolarCity Introduces its First Community Solar Option for Renters

SolarCity's (SCTY) Move into Community Solar Won't Immediately Move the Needle, But Its Important - Raymond James

June 17, 2015 3:21 PM EDT

Raymond James affirms SolarCity Corp. (Nasdaq: SCTY) at Outperform with a price target of $75 as the company looks to push into community solar.

Analyst Pavel Molchanov commented, The low hanging fruit for residential PV adoption is, not surprisingly, single-family detached homes. As we detailed in April 2014, there are 70 million such homes in the U.S., with over 15 million in states where retail power prices... More

SolarCity (SCTY), Sunrise Energy Partner on Solar Rental Program

June 17, 2015 7:04 AM EDT

SolarCity (NASDAQ: SCTY) and Minnetonka-based solar developer Sunrise Energy Ventures have partnered to create a new community solar program offering that allows renters, schools, municipalities and other current Xcel Energy (NYSE: XEL) customers to purchase renewable energy without installing solar panels on their properties. Minnesota's new community solar program is mandated by law and is expected to be the largest in the nation when completed. According to GTM Research and SEIA's Q1 2015 U.S. Solar Market Insight Report, only 66MW(DC) of community solar projects are operating in... More