Major Solar Project Announced for California Solar District

SolarCity, Visalia Unified School District Announce Major Solar Project Made Possible by Measure E.


major solar project

September, 2013 — SolarCity  and the Visalia Unified School District (VUSD) this month announced a major solar power project made possible by the Measure E bond to improve energy efficiency. More than 9,500 solar panels will be installed on carports at 12 VUSD schools under the project, expected to save the district roughly 464,169.38€ in electricity costs in its first year and 8.14€ million over the next 25 years.


“Measure E is enabling us to boost the energy efficiency of our schools and greatly reduce our energy costs,” said District Superintendent Craig Wheaton.

This will free up funding for our chief priority—top notch classroom instruction throughout the district.

VUSD worked with the TerraVerde Renewable Partners consultancy to issue a comparative bidding process for the 2.35-megawatt project. It resulted in the selection of SolarCity, a leading provider of clean energy with more than 1,900 employees in California and more than 400 customers in Visalia.

“Almost nothing is more gratifying than installing solar on forward-looking school districts like Visalia’s,” said Dennis Cox, SolarCity’s regional vice president for Central California.

In addition to conserving energy through reduced utility-electricity use, these projects directly benefit our children and our educational system by cutting energy costs.

The highly visible solar carports will also make the concept of energy efficiency real for VUSD students, faculty and staff. “Our district takes pride in bringing learning alive, with real-world applications,” Wheaton added.

SolarCity, which expects to hire additional local construction workers for the project, will install solar on these VUSD facilities: Fairview, Highland, Linwood, Crowley, Houston, Ivanhoe, Pinkham, Veva Blunt and Willow Glen Elementary Schools; La Joya and Green Acres Middle Schools; and Redwood High School.

SolarCity also offers businesses and homeowners the chance to reduce their electricity bills by paying less for clean, renewable solar electricity than they pay to their utilities. Those interested in SolarCity’s services can contact the company directly at 1-888-SOL-CITY ( 1-888-765-2489) for a free, no-obligation solar consultation or visit SolarCity online at www.solarcity.com/request. Candidates interested in employment opportunities can contact SolarCity via its online jobs form at www.solarcity.com/jobs.

This release contains forward-looking statements including, but not limited to, statements regarding expected savings, expected electricity offsets 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 FormS-1, which has been filed on June 18, 2013 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.

 

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 www.solarcity.com and follow the company on Facebook & Twitter.

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