The World's #1 Renewable Energy Network for News, Information, and Companies.

SolarCity, Honda Establish $65 Million Project Investment Fund

SolarCity, Honda Establish $65 Million Project Investment Fund

SolarCity Corp., the solar-power provider led by billionaire Elon Musk, is partnering with Honda Motor Co. to finance $65 million worth of rooftop projects for car buyers and dealers.

Japan’s third-largest automaker will begin offering Honda or Acura buyers living in SolarCity’s 14-state coverage area, including California and New Jersey, a $400 discount toward a residential system, Steven Center, a vice president at American Honda Motor Co., said in an interview today. The partnership also will deploy systems on as many as 20 dealerships.

“We’re trying to create the liquidity that will build the solar market,” Center said. “We’ll probably run the course of the program this year.” As many as 3,000 customers will qualify for the discount, he said.

The agreement with Honda allows SolarCity, based in San Mateo, California, to offer discounts to their customers, Chief Executive Officer Lyndon Rive said.

“We can be a lot more aggressive with the price,” Rive said in an interview.

SolarCity said last month that installations of rooftop solar systems will climb to 250 megawatts this year, up from 156 megawatts in 2012.

This isn’t the first time an automaker has partnered with a solar producer. In 2011, Ford Motor Co. and SunPower Corp., the second-largest U.S. solar manufacturer, combined to offer solar systems to Focus Electric drivers.

Copyright 2013 Bloomberg

Lead image: Gary Blakely via Shutterstock



Three Chinese Solar Panel Groups Lose Exemption From EU Tariffs

Jonathan Stearns, Bloomberg

The European Union applied tariffs on three groups of Chinese solar-panel makers that have been exempted from the levies, potentially reviving tensions in the EU’s biggest trade case of its kind.

Stock graph

Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Cordell Eddings, Bloomberg Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new iss...
Loss and profit binders

Yingli May Return to Profitability in Second Half, CFO Says

Justin Doom, Bloomberg

Yingli Green Energy Holding Co., a Chinese solar manufacturer that hasn’t reported income in almost four years, may return to profitability in the second half, the chief financial officer said.

Students and solar powered cars with energy storage

Rain or Shine, Students Keep Their Solar Race Cars Going with Energy Storage

Wayne Hicks, NREL Teegan and Kira Cordova love the original Star Trek TV series. That much is obvious. The eighth-grade twins from Ken Caryl Middle School in Littleton are wearing the uniform tunics from the 1960s show — Teegan's in red and...


Volume 18, Issue 3


To register for our free
e-Newsletters, subscribe today:



PV-301: Advanced PV Design & Installation

This highly desirable and advanced course is intended for the profession...

PV-401: Advanced Field Training

Real world on the job solar installation, training, and experience is th...

PV-201: Introduction to PV Design & Installation

PV 201 Introduction to PV Design & Installation is simply the best i...


Community Solar Solutions Appeal to Eco-Conscious Millennials

Tech savvy and convenience oriented, the millennial generation is the mo...

Building Rapport

How do you build rapport with your prospect? This is a question that I a...

Up to Bat – Why More Solar Companies Are Thinking Seriously About A...

Given the growth of the solar industry in the U.S., with 2014 year-...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now