FOSTER CITY, Calif., Dec. 17, 2009—SolarCity®, a national leader in solar financing, design, installation, monitoring and related services, today announced that David White has joined the company as chief financial officer. White will oversee SolarCity’s finance and accounting functions, and brings more than 20 years of executive-level financial management experience to his role. White joins SolarCity in a time of increasing growth. The company recently passed the 5,000 customer mark in scarcely more than three years of operation, and continues to expand despite the broader recession. Earlier this week, SolarCity introduced service in Colorado and plans to expand to five additional states in 2010.

“David White has extensive experience managing large companies through periods of rapid growth,” said Lyndon Rive, SolarCity’s CEO. “His considerable financial management experience is a perfect match for SolarCity’s next stage of development.”

White joins SolarCity from Hands-On Mobile, a global leader in mobile gaming, where he served separate stints as chief financial officer and CEO. Before joining Hands-On Mobile, White served as vice president of finance for Chiron Corporation, a publicly-traded, multi-national biotechnology company. Prior to Chiron, White served as vice president of finance for Cable & Wireless, a global telecommunications company, where he oversaw financial planning, reporting and analysis for all U.S. operations. White was also vice president of finance and chief accounting officer for Digital Island, a network hosting and content delivery company that he helped guide through an initial public offering in 1999. White has also held executive management positions at Coopers & Lybrand, Cigna and May Company Department Stores. He holds a bachelor’s degree from the University of California, Berkeley, and is a Certified Public Accountant.

“SolarCity’s unique value proposition—allowing homeowners to use clean power for less than they previously paid for electricity—has allowed it to grow in the midst of the worst recession of my lifetime,” said White. “SolarCity is one of the most exciting companies in the U.S., and I relish the opportunity to manage the company’s growth as it expands nationwide.”
 

About SolarCity

SolarCity®—a national leader in solar power design, financing, installation, monitoring and energy efficiency services—was founded with the mission to help millions of homeowners and businesses adopt clean power, protect themselves from rising gas and electricity costs and protect their environment from polluting power sources. The company’s SolarLease® and 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’s 23 operations centers serve Arizona, California, Colorado, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas and Washington, D.C. Additional information about the company is available on the Web at www.solarcity.com.