CA Companies: Install solar. Save money from day one. No upfront investment.
Tuesday, October 19th, 2010
Solar City is a California-based startup company that offers its solar-related services to homeowners, businesses and government. “Install solar. Save money from day one. No upfront investment. And you have a predictable forecast of what your power costs will be for the next 20 years” is their selling proposition. The company’s customer base includes 10,000 homeowners, companies such as Intel and eBay, over 75 schools and universities, and government agencies. Solar City provides solar system financing, design, installation and monitoring.
Lyndon Rive is the CEO of Solar City, and his brother Peter Rive is its chief operating officer. They founded the company in 2006.
Solar City is one of many companies that allow lease of solar equipment; the others include SunRun and Sungevity. All are CA-based companies, and for good reason. According to Lyndon, over half of the estimated 80,000 US homes with rooftop solar are situated in the area covered by PG&E Corp., a solar-friendly utility company which has invested in both Solar City and SunRun.
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