Press release from GlobeNewswire (a Nasdaq OMX company)
SolarCity Partners With BMW i to Create Exclusive Solar Service Package for BMW i Drivers
Thursday, November 14, 2013
SolarCity Partners With BMW i to Create Exclusive Solar Service Package for BMW i Drivers09:45 EST Thursday, November 14, 2013
Drivers to Receive Exclusive Access to SolarCity's Most Affordable Service Option as a Feature of BMW's "360° Electric" Package
SAN MATEO, Calif., Nov. 14, 2013 (GLOBE NEWSWIRE) -- SolarCity (Nasdaq:SCTY), America's No. 1 full-service solar power provider, and BMW have partnered to offer owners of the new BMW i vehicles exclusive access to SolarCity's most affordable solar service option. The partnership will make it possible for many BMW i owners in SolarCity's territories to power their cars with clean electricity for less than it would cost with electricity provided by their utility company.
SolarCity is BMW's preferred solar power partner. SolarCity's service will be a feature in BMW's 360° Electric portfolio of innovative products and services to support the EV lifestyle.
"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," said Rob Healey, BMW's EV Infrastructure Manager. "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."
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.
"This partnership makes the more sustainable fuel option—emissions-free solar electricity—also the more affordable one," said SolarCity CEO Lyndon Rive. "By making renewable energy far more accessible and affordable for its customers, BMW is helping to bring clean transportation into the mainstream."
360º Electric is BMW's vision of holistic electric mobility, which extends past the vehicle itself to include the realms of charging infrastructure and home energy use. The 360º Electric portfolio will provide services and products to ensure that BMW i drivers have the driving experience expected from a BMW while making every component of electric driving convenient and environmentally sustainable.
Potential customers who are interested in this special offer or want to learn more about the partnership can visit www.solarcity.com/bmw or call 866-832-SOLAR (7652).
SolarCity® (Nasdaq:SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company offers solar power, energy efficiency and electric vehicle services, and makes clean energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 14 states and signs a new customer every five minutes. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
BMW NA has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and the Rolls-Royce brand of Motor Cars; DesignworksUSA, an industrial design firm in California; a technology office in Silicon Valley and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is part of BMW Group's global manufacturing network and is the exclusive manufacturing plant for all X5 Sports Activity Vehicles and X6 Sports Activity Coupes. The BMW Group sales organization is represented in the U.S. through networks of 338 BMW passenger car centers, 335 BMW Sports Activity Vehicle centers, 142 BMW motorcycle retailers, 83 MINI passenger car dealers, and 30 Rolls-Royce Motor Car dealers. BMW (U.S.) Holding Corp., the BMW Group's sales headquarters for North, Central and South America, is located in Woodcliff Lake, New Jersey.
Visit bmwusanews.com for more information.
This release contains forward-looking statements including, but not limited to, statements regarding potential savings, expected emissions offsets and assumptions relating to the foregoing. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.
Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in our most recent quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission, which identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
CONTACT: For SolarCity Molly Canales 650-963-5674 email@example.com