SolarCity Lands Huge Military Housing Solar Roof Deal

SolarCity has made headlines for its unique business model. The company's focus is on residential and commercial solar roof installation, and has spread its influence across the U.S. with great success. SolarCity has now received a $344 million loan guarantee from the U.S. Department of Energy to outfit military housing rooftops with solar panels. The loan guarantee will see SolarCity partnering with military housing developers to install up to 160,000 solar rooftops, with an estimated 371 megawatts of generating capacity. That will effectively double the amount of installed solar rooftop power in the U.S., with 166,000 solar roof installations total reported in Q1 2011 by GTM Research. The project is being carried out in partnership with Bank of America Merrill Lynch, SolarCity, and USRG Renewable Finance—a subsidiary of U.S. Renewables Group—who will serve as the lead lender.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Joyce Dayton Corp - Solar Tracking Drive Solutions

Joyce Dayton Corp - Solar Tracking Drive Solutions

Joyce Solar Actuators are designed to precisely position smaller solar tracking equipment. Their robust and efficient DC motor (24V or 36V) keeps power consumption to a minimum. Travel speeds remain nearly constant regardless of the load. Ideal for rugged environments common to the solar industry, these cost-effective SA actuators have an IP65 protection rating. Self-locking features in the mechanism ensure that the solar actuator will hold position throughout the daily tracking cycle. Specifications: • Double clevis mounting for easy installation • Clutch for overload protection • Adjustable limit switches for flexible travel settings • Reed sensor digital feedback for accurate positioning • Duty cycle is 25% (4 min. running, 12 min. rest) • Lubricated for life