SAN MATEO, Calif., April 13, 2015 (GLOBE NEWSWIRE) -- SolarCity ® (Nasdaq: SCTY ), America's #1 solar power provider, today announced a partnership with Nest Labs, creator of the Nest Learning Thermostat™, to make saving money on energy even easier for customers. Beginning today, the first 10,000 new customers in California who sign up with SolarCity will receive a Nest Thermostat installed at no additional cost. To qualify, customers must have a compatible air conditioning system and agree to connect their Nest Thermostat to SolarCity as part of the Works with Nest program.
This special offer combines two home energy solutions that can cut power bills as well as homeowners' carbon footprint, and allows homeowners to experience these benefits with one easy package through SolarCity.
SolarCity, which provides more than one out of every three new solar power systems in the U.S. 1 , can make it possible for homeowners to install a solar system at no upfront cost and pay a lower rate for solar electricity than they pay for utility power. The Nest Thermostat can program itself – it remembers what temperatures homeowners like, creates a custom schedule for the home and automatically turns itself down when homeowners are away. Results from three recent energy-savings studies show that on average, Nest can save customers about 10 to 12 percent on their heating bills and 15 percent on their cooling bills. This translates to an estimated average savings of $131 to $145 a year with the Nest Thermostat alone, and combined with affordable solar power from SolarCity, customers can save hundreds more each year.
SolarCity will offer qualifying customers access to Nest energy services – such as Seasonal Savings – that were previously only available through utilities and government energy programs. Additionally, SolarCity is building connections with the Nest Learning Thermostat that can deepen solar integration capabilities and help homeowners further optimize their savings and comfort. These Works with Nest integrations will be available to eligible SolarCity customers this summer.
To learn more about SolarCity and Nest's collaboration and to gather details on the offer, including terms and conditions, visit www.solarcity.com/nest .
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 makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 16 states. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter .
1 Source: GTM Research U.S. PV Leaderboard Q4 2014; U.S. Solar Market Insight Report Q4 2014
This release contains forward-looking statements including, but not limited to, statements regarding customer savings and benefits, and future technology developments. 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.
For SolarCity Molly Canales 650-963-5674
