SolarCity Partners with BMW – i3 and i8 Owners to Receive 10% Discount on Home Solar
SolarCity (yes, of which Elon Musk is the Chairman), which is BMW’s preferred solar provider, announced that, together with BMW, it will prepare a special offer for owners of the new BMW i vehicles as a feature of BMW’s “360° Electric” Package.
The offer is to buy a BMW i3 or i8 and sign with SolarCity to get a 10%t discount on SolarCity’s home solar:
“As part of the partnership, BMW i owners will receive a 10-percent discount on SolarCity’s home solar offer with flexible financing options, including options with no upfront installation cost and 20 years of locked-in solar energy rates. The discount will be available with the purchase of any BMW i vehicle at all participating BMW i Centers in SolarCity’s 14-state service territory. SolarCity makes it possible for many homeowners to install solar panels with no upfront costs, and pay less for solar electricity than they currently pay for utility bills, with insurance, repairs and monitoring service included.”
Rob Healey, BMW’s EV Infrastructure Manager remarked:
“Experience with our MINI E and ActiveE field trials has demonstrated that driving electric is a lifestyle, where customers gain a keen understanding of their driving habits beyond driving and are often inspired to find ways to live more sustainably. With help from SolarCity, BMW i customers will have the opportunity to maximize the commitment to sustainability. This reinforces the entire concept behind the BMW i3, which is engineered and produced by the most sustainable manufacturing process in the automotive industry.”
SolarCity CEO Lyndon Rive stated:
“This partnership makes the more sustainable fuel option—emissions-free solar electricity—also the more affordable one. By making renewable energy far more accessible and affordable for its customers, BMW is helping to bring clean transportation into the mainstream.”
In the latest 10-Q, SolarCity stated that cumulative energy contracts (“a residential, commercial, or government lease or power purchase agreement pursuant to which consumers use or will use energy generated by a solar energy system that we have installed or have been contracted to install”) was 72,506 units at the end of September, versus 40,685 at the end of 2012. This mean that SolarCity will probably double its number of customers at the end of the year.
On the energy side, we see even higher growth – cumulative megawatts deployed almost doubled after just 9-months (average power deployed grew from about 5.9 kW to 6.4 kW:
SolarCity’s service territory includes:
- New Jersey
- New York
- Washington D.C.