SolarCity Announces New Residential Solar Service in Oregon, Plans to Expand Local Operations

PurePower Can Enable Oregon Homeowners to Install Solar Power for No Money Down
and a Net Cost of $0 Each Month
PORTLAND, Ore.--(Business Wire)--
SolarCity, a national leader in solar financing, design, installation,
monitoring and related services, today announced a new residential solar service
for Oregon homeowners. SolarCity`s PurePower can enable Oregon homeowners to
power their homes with solar electricity and pay the same rate they were
previously charged for electricity from the utility company. PurePower pricing
for a 3.5 kilowatt solar system in Oregon, appropriate for a typical three or
four-bedroom home, would start at $30/month, with no upfront cost, on approved
credit. This solar system would typically reduce the customer`s electricity bill
an equivalent amount, for a net cost of $0 each month. The service includes
custom design and installation, SolarCity`s SolarGuard proactive monitoring
service, repairs and maintenance.

"Financing has traditionally been a barrier to going green, and especially to
going solar," said Portland Mayor Sam Adams. "This summer, we launched Clean
Energy Works Portland, a program to remove up-front cost barriers so homeowners
can do energy retrofits. Now, with SolarCity's innovative approach, Portlanders
will have one more affordable way to reduce their emissions, save energy, and
contribute to Portland's sustainability."

PurePower is a power purchase agreement (PPA) with a 10-year term, in which
SolarCity installs, owns and maintains the solar system and the homeowner pays
for the power it produces. With PurePower, SolarCity is delivering the same
affordable financing model to homeowners that it provides to Oregon businesses.

"Oregon homeowners want clean power, but residential solar has not reached its
full potential here due to upfront cost and complexity," said Lyndon Rive, CEO
of SolarCity. "PurePower can allow Oregon homeowners to go solar at a $0 net
cost. This is a simple solar option that makes clean power affordable and
accessible for a large number of families."

SolarCity made PurePower available to Oregon homeowners this week. The company
expects to hire 20 new employees in Oregon and move into a new facility to
accommodate new residential demand, with new installations set to begin in
March. PurePower will initially be available to Oregon homeowners in Portland
and surrounding communities in areas served by Portland General Electric and
Pacific Power. More information about PurePower is available online at
www.solarcity.com/purepower.

Homeowners interested in PurePower can contact SolarCity directly at
1-888-SOL-CITY (1-888-765-2489) to speak with a solar advisor, or visit
SolarCity online at www.solarcity.com/request. Candidates interested in
available positions in Oregon can contact SolarCity via its online jobs form at
www.solarcity.com/jobs.

About SolarCity

SolarCity - a national leader in solar power system design, financing,
installation, monitoring and related services - was founded with the mission to
help millions of homeowners and businesses adopt solar power, protect themselves
from rising electricity costs, and protect their environment from polluting
power sources. The company`s SolarLease, PurePower and Commercial Power Purchase
Agreement (PPA) options can make it possible for homeowners and businesses to
switch to clean, solar power for less money than they currently pay for
electricity. SolarCity currently serves 500 communities in California, Arizona
and Oregon. Additional information about the company is available on the Web at
www.solarcity.com.

SolarCity
Jonathan Bass, 650-963-5156 (Media)
jbass@solarcity.com
or
A&R Edelman for SolarCity
Emily Douglas, 650-762-2945 (Media)
Emily.Douglas@ar-edelman.com

Copyright Business Wire 2009