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SolarCity Teams With Carrier To Offer Affordable, Solar-Powered Air Conditioning

SAN MATEO, Calif., May 5, 2014 (GLOBE NEWSWIRE) -- Challenging the false assumption that greener products must be more expensive than less sustainable options, SolarCity and Carrier are teaming up to make high-efficiency, solar-powered heating and cooling solutions far more accessible and affordable for homeowners.

Carrier® is the world's leader in high-technology heating, air-conditioning and refrigeration solutions. SolarCity (Nasdaq:SCTY), the nation's largest full-service solar power provider, will provide Carrier customers the option to lower their energy costs by powering their heating, ventilation and air conditioning (HVAC) systems with solar electricity that costs less than utility power rates. The cost savings that customers realize by using solar power and more efficient HVAC help to offset the costs of switching to a cleaner, more comfortable indoor air solution.

To maximize efficiency and sustainability, the 21 st-century home will increasingly need to align more intelligent energy consumption with clean energy production. This initiative will allow homeowners to create a comfortable indoor climate in a sustainable way, and simultaneously realize savings expected from the combination of efficient HVAC equipment and affordable solar energy systems.

Furthermore, customers can benefit from a special offer from the two companies beginning today. Homeowners can receive a $1,000 rebate on Carrier equipment from participating Carrier dealers by going solar with SolarCity. The rebate can be applied to furnaces, air conditioners, heat pumps, packaged units, ductless systems or entire system upgrades, upon operation of the homeowner's SolarCity system.

To be eligible for the rebate, please visit www.carrier.com/homecomfort to find a Carrier dealer in your area.

To learn more about going solar, please visit www.carriersolarcity.com .

About Carrier

Founded by the inventor of modern air conditioning, Carrier is the world's leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.carrier.com or follow @CarrierGreen on Twitter.

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 15 states and signs a new customer every three minutes. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.

This release contains forward-looking statements including, but not limited to, statements regarding expected savings on solar and HVAC offerings, future aspects of the SolarCity and Carrier initiative, and future deals for SolarCity and Carrier customers. 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 annual report on Form 10-K, 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.

CONTACT: Media Contact
         Molly Canales
         650-963-5674
         press@solarcity.com

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