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SolarCity unveils solar home deal with Oakwood Homes

(SeeNews) - Feb 4, 2014 - US firm SolarCity (NASDAQ:SCTY) is offering solar systems with capacities of between 2.5 kW and 5 kW to homebuyers at the Carriage House community in Denver, Colorado, under a partnership with Oakwood Homes.

The solar power solutions provider said on Monday that the arrangement with the homebuilder and community developer would allow many homeowners to go solar without incurring any upfront costs and then buy solar power that is cheaper than electricity from utilities.

SolarCity said that after the introduction of the solar offer in 2013, 80% of those who have bought a home in the Carriage House community have opted for a solar system. The partnership between the solar company and Oakwood Homes does not add to the purchase price of homes.

Already SolarCity partners with over 100 builders in nine states. Last week it unveiled a similar cooperation agreement with Taylor Morrison for its 33 existing and soon-to-be-opened communities in the greater Phoenix area. Earlier last month, the company said it would work with Brookfield Homes Hawai‘i to offer solar options to the owners of existing and new homes in the KaMilo community at the Mauna Lani Resort. Also in January, 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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