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SolarCity Teams With 20 Oregon Homebuilders To Build Solar-Powered Communities

Stocks in this article: SCTY

PORTLAND, Ore., Jan. 23, 2014 (GLOBE NEWSWIRE) -- Homebuilders in Oregon are partnering with SolarCity® (Nasdaq:SCTY), America's No. 1 full-service solar power provider, to provide affordable, clean energy to new home communities. Twenty local homebuilders, from the Portland area to central Oregon, have begun offering solar power to homebuyers through SolarCity, giving hundreds of future homeowners the chance to save on their energy bills from day one without paying a single penny extra for their homes.

"We're thrilled that Oregon's homebuilders and their customers are taking advantage of solar's benefits," said Walter Cuculic, SolarCity's national manager of builder programs. "Not only can solar offer energy cost savings for years into the future, but with SolarCity, homebuilders don't have to endure increased construction costs nor raise their home purchase prices – a win-win for builders and buyers."

Oregon is on the leading edge of renewable energy production in the United States, and Portland actually uses 20 percent more renewable energy compared to the national average.* Solar power for new homes is an easy way for homebuilders and consumers to take part in the state's clean energy and sustainability efforts. The builders who have chosen SolarCity to provide clean power in their communities include:

Solar power delivers distinct benefits for homebuilders and homebuyers. While many upgrades and additions to homes such as granite countertops can greatly increase the purchase price of a home, SolarCity's solar power options can allow homeowners to start saving money on energy costs immediately without increasing their purchase price. SolarCity allows the homebuyer to install solar panels for free, and pay less for solar electricity than they pay for utility bills.

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