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SolarCity, Brookfield Homes to help more Hawaii homes go solar

(SeeNews) - Jan 29, 2014 - US solar energy firm SolarCity (NASDAQ:SCTY) said Tuesday it would partner with Brookfield Homes Hawai‘i to allow the owners of existing and new homes in the KaMilo community at the Mauna Lani Resort go solar.

Homeowner willing to take advantage of the offer, which starts this month, will be able to install a photovoltaic (PV) system at their property in return for monthly fees and without any upfront payments. SolarCity installs and maintains the PV capacity under 20-year contracts.

KaMilo is a luxury community that includes 137 single- and paired-family homes on the Kohala Coast on Hawaii's Big Island. SolarCity noted that it would be the first neighborhood in the state to offer solar power as a feature on selected housing designs at no upfront cost. Homeowners in the KaMilo community could save as much as 50% on their power bills by using solar electricity, according to estimates.

Last week, SolarCity joined hands with 20 homebuilders in Oregon that will offer the solar system installer’s services to homebuyers in the state.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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