November 22, 2024 1:18 pm
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SolarCity reports record bookings, installations

Lyndon and Pete Rive
Lyndon and Pete Rive

By Eric Wesoff | Greentech Media

(Disclosure: Rose Law Group represents SolarCity.)

SolarCity has started to describe itself as two types of operations under one roof — a development company and a power company.

The development company sells and installs solar and energy storage. The power company provides financing and harvests 30 years’ worth of energy production and asset yield. (Similarly, SolarCity Chairman and Tesla CEO Elon Musk recently said that there are two Teslas, the car company and the energy company.)

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