SolarCity

SolarCity

SolarCity announced record solar capacity installed during the third quarter (256 MW) for both residential (203 MW) and commercial (53 MW) categories.

In total, SolarCity now operates 1.7 GW of installed capacity.

Comparing the total 298,030 customers with 262,495 in Q2, it seemsĀ 35,535 new customers were added.

Another positive is a new record low of $2.84 cost per watt ($0.07 lower than in Q2) installed.

SolarCity recently entered Mexico and announced that its the first solar company to have reached 1 GW in annualized distributed solar installations.

The next big thing, in parallel to solar installations, is energy storage systems with Tesla Motors packs, but we need to wait until 2016-2017 to see the eventual rush.