SolarCity Corporation is a subsidiary of Tesla, Inc. that develops and sells solar panels and
solar roof tiles. It is headquartered in Fremont, California.
After its acquisition in 2016, effectively all products and services are sold through Tesla's
website. The company, in partnership with Panasonic, manufactures solar module
components in Tesla Giga New York, a factory in Buffalo, New York.
In August 2019, Tesla announced they would begin renting solar systems to customers in six
states starting at $50 a month, in a plan to boost residential solar deployments.
In July 2020, Tesla claimed "Tesla Solar is the lowest-cost solar in the United States" with a
price of $1.49 per watt for solar panels when including federal tax credits.
SolarCity was founded in 2006 by brothers Peter and Lyndon Rive, based on a suggestion for
a solar company concept by their cousin, Elon Musk, who was the chairman and helped start
the company. By 2009, solar panels it had installed were capable of generating
440 megawatts (MW) of power.
