SAN MATEO, Calif., Mar. 10, 2011—SolarCity®, the nation’s leading provider of solar power financing, design, installation, monitoring and energy efficiency services, today announced that its affordable financing options have been recognized by the editors of Renewable Energy World as the 2011 Business and Finance Innovation of the Year. SolarCity was recognized with one of the publication’s Excellence in Renewable Energy Awards at the Renewable Energy World Conference and Expo in Tampa, Florida March 8th-9th.

“SolarCity has done as much as any company in the world to move distributed solar power forward,” said Oliver Strube, publisher of Renewable Energy World. “The company’s unique full-service model creates a one-stop-shop for homeowners and businesses, and its revolutionary lease financing allows them to pay less for solar than they pay for electricity from the grid.”

“It’s a great honor to be recognized by Renewable Energy World; a publication that follows our industry so closely,” said Lyndon Rive, SolarCity’s CEO. “We hope this award will help us spread the word that it’s possible for businesses and homeowners to switch to solar and save money from day one in a growing number of communities across the U.S.”

Earlier this year SolarCity undertook a massive expansion on the East Coast to create the largest residential solar installation footprint in the U.S. SolarCity also undertook a large-scale integration of solar power and energy efficiency services in 2010, and the U.S. Department of Energy named the company a Green Power Supplier of the Year.

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 serves more than 2,000 communities in Arizona, California, Colorado, 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.