The Green Communities Act of 2008 stimulates renewable energy development in the Commonwealth. A centerpiece of the Act was the establishment of "Net Metering" – a special metering and billing agreement between utility companies and their customers, which facilitates the connection of renewable energy generating facilities to the power grid.
This innovative deal ensures that no town money is spent on the development, construction or maintenance of the solar facility, and that, as the host customer for the facility, the Town will pay less for its power under the agreement.
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
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This release contains forward-looking statements including, but not limited to, statements regarding expected savings, expected electricity production, 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 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.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.
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