SolarCity and Pacific Honda Partner to Help Customers Go Solar

SolarCity and Pacific Honda have partnered in support of solar power for Hawai‘i residents.

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Honolulu, HI (PRWEB) October 30, 2013

SolarCity® and Pacific Honda have partnered in support of solar power for Hawai‘i residents. The agreement is part of a larger, national effort between American Honda Motor Co., Inc. and SolarCity to make solar power more affordable and available to customers. Pacific Honda customers are able to install solar power via SolarCity with little or no upfront cost, and can typically pay significantly less for solar electricity than they pay for utility bills. SolarCity is also making an additional $400 discount available to Honda owners that go solar.

American Honda Motor Co. and SolarCity have created an investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. The partnership is aimed at addressing global climate change by reducing CO2 emissions from home, business and transportation energy use, while providing a cleaner source of electricity at a lower cost than utility-supplied power.

“Pacific Honda is always looking at ways to improve the lives of our customers while reducing our environmental footprint, and we feel that solar power and electric vehicles go hand-in-hand to accomplish this,” said Kenny Ching, vice president of Pacific Honda. “We believe our customers are going to be very interested in going solar once they find out about SolarCity’s program, through which they have little or no upfront costs, can lower their monthly utility bill, and can make a positive contribution to protect the environment.”

SolarCity and Honda will additionally explore opportunities to integrate solar power and electric vehicle recharging, envisioning a future in which Honda Fit EV customers will be able to recharge their vehicles with solar power to further reduce Hawai‘i household CO2 emissions. The use of solar power can also reduce the cost of recharging an electric vehicle at home.

“In a state with abundant solar resources and high energy costs, it makes perfect sense to go solar,” said Jon Yoshimura, director of policy and electricity markets at SolarCity. “This is an unprecedented partnership between SolarCity and Honda that reinforces our commitment to providing customers with environmentally responsible options.”

As part of the agreement, SolarCity will have a presence at Pacific Honda in downtown Honolulu at the corner of Beretania Street and Bishop Street. SolarCity representatives will be on hand with brochures, posters and information cards to explain more about how customers can save money on their electricity bills by using PV solar power systems for their energy needs.    

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 and Twitter.

About Honda
Honda is a leader in the development of leading-edge technologies to improve fuel efficiency and reduce CO2 emissions. Honda has led the Union of Concerned Scientists (UCS) rankings of overall vehicle environmental performance since 2000, and a Honda vehicle has topped the list of America's greenest vehicles from the American Council for an Energy-Efficient Economy (ACEEE) for eleven out of the past twelve years. The company leads all automakers with twelve LEED-Certified "Green Buildings" in North America, and 10 of its 14 North American manufacturing facilities are zero-waste to landfill.

This release contains forward-looking statements including, but not limited to, statements regarding future interest in the SolarCity program, and future cost savings for solar customers. 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 SolarCity’s registration statement on Form S-1, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. SolarCity does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.


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