SolarCity and PSW Real Estate Offer Solar Systems As a Standard Feature on All New Homes in Dallas-Fort Worth

Dallas-Fort Worth, TX and San Mateo, CA (PRWEB) November 20, 2013

PSW Real Estate, a leading Texas homebuilder, will offer solar power as a standard feature on every home in its new Bishop Heights and 1600 Kings Highway communities in Dallas-Fort Worth through a partnership with SolarCity. PSW is partnering with SolarCity (Nasdaq: SCTY), America’s No. 1 full-service solar power provider, to assist new PSW homeowners to potentially reduce their utility bills by hundreds of dollars per year, and lock in their solar electricity costs for decades into the future. This is the first time that a home builder in the Dallas-Fort Worth area has made solar standard on all new homes with SolarCity.

“At PSW, environmentally conscious elements are not add-ons to our designs, but intrinsic characteristics,” said Adam Stetson, PSW’s Dallas-Fort Worth Area President. “With such an abundance of sunshine here in Texas, and homeowners who increasingly care about sustainability as well as household savings, standardizing solar only makes sense.”

Every new PSW home will come equipped with a 3 kilowatt solar array, which is expected to cut the home’s carbon-dioxide (CO2) emissions by more than half over the life of the system.* The PSW home buyer’s cost for solar electricity is pre-paid by the builder with no additional monthly costs, and SolarCity provides free solar installation, insurance, monitoring service and repairs.

“More and more U.S. homebuilders are offering solar as a standard amenity and we’re gratified to help PSW lead the way in Texas,” said Walter Cuculic, SolarCity’s national manager of Builder Programs. “SolarCity and PSW make it exceptionally easy to go solar while providing their customers with the chance to save on energy costs by going green.”

Both of PSW’s Bishop Heights and 1600 Kings Highway communities are within walking or easy biking distance of the area’s Bishop Arts District, downtown, parks and nature centers. Standard environmentally-friendly features in the new PSW homes also include advanced spray foam insulation systems, tankless hot water heaters, compact fluorescent lighting packages, low-VOC (volatile organic compounds) paint which contributes to healthy indoor air quality, high efficiency HVAC systems with digital programmable thermostats, dual pane low E vinyl windows, Nexia home intelligence systems, and Energy Star appliances.

SolarCity provides homebuilders across the country with a range of solar services that include customer assistance, real-time monitoring and repairs for homebuyers. SolarCity currently works with more than 75 builders in 9 states across the U.S.

About PSW

PSW Real Estate is a Texas home builder and real estate developer that designs and builds urban living environments for people who care about quality and their impact on the world around them. Using a discerning eye for creating value, PSW thoughtfully produces homes and communities that naturally integrate with their surrounding neighborhoods. With a vision for how the world will be living and working in the future, PSW homes offer proximity to work, school and other important resources while implementing energy efficient construction methods and materials. These key elements promote urban density and conservation, reduce waste, and engender social connectivity. Visit the company online at http://www.pswrealestate.com and follow the company on Facebook & Twitter.

About SolarCity

SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly 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 offers solar power, energy efficiency and electric vehicle services, and makes clean energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 14 states and signs a new customer every five minutes. Visit the company online at http://www.solarcity.com and follow the company on Facebook & Twitter.

This release contains forward-looking statements including, but not limited to, statements regarding expected savings, expected electricity offsets, expected emissions reductions and assumptions relating to the foregoing. 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 our registration statement on Form S-1 which has been filed with the Securities and Exchange Commission, which 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.

• Calculations are based on agreement terms of 20 years and based on data from the National Renewable Energy Laboratory.

For PSW
Meridith Brewer
(214) 299-8700
meridith(dot)brewer(at)pswrealestate(dot)com

For SolarCity
Zan Dubin Scott
(310) 392-1130
zan(at)zdscommunications(dot)com

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