Beruflich Dokumente
Kultur Dokumente
Contents
1 History
1.1 2016 workforce reduction
1.2 Subsidiary of Tesla Inc. (2016�present)
2 Locations
3 Products, services, and technologies
3.1 Solar leasing
3.2 Commercial solar
3.3 Electric vehicle chargers
3.4 Energy efficiency evaluations and retrofits
3.5 SolarStrong project
3.6 Energy storage
3.7 Installation technology
3.8 Solar roof
3.9 Government-funded collaboration
4 Litigation and investigations
4.1 Buffalo Billion
4.2 Oregon Attorney General investigation
4.3 "Solar by Degree" project
4.4 Treasury Department inquiries
4.5 Customer litigation
4.6 Customer cancellation investigation
4.7 Federal settlement for allegations of False Claims Act violations
4.8 Vermont projects without approval
4.9 Faked sales numbers
4.10 Walmart lawsuit
5 The Checks and Balances Project
6 Project financing and the Google Fund
7 Gigafactory
8 Trade organization
9 See also
10 References
11 External links
History
The company launched their expansion to the East Coast with the acquisition of the
solar division of Clean Currents[6] and groSolar[7]. Following the acquisitions,
SolarCity further expanded operations on the East Coast and opened in
Connecticut[8], Pennsylvania[9], South Carolina[10], Florida[11], Vermont[12], and
New Hampshire[13].
In 2013, according to GTM Research, SolarCity was the leading residential solar
installer in the U.S.[14] Solar Power World magazine listed it as the No. 2 overall
solar installation company in the U.S.[15] SolarCity purchased Paramount Solar from
Paramount Equity for $120 million in 2013.[16] It had installed panels generating
6,200 MW of power by 2014.[4] In 2015, SolarCity installed 870MW of solar power,
[17] approximately 28% of non-utility solar installation in the U.S. that year.[4]
In late 2015, SolarCity withdrew from solar sales and installation in Nevada,
following the decision by the state's Public Utilities Commission (PUC) to raise
the monthly service charge for rooftop solar customers and progressively reduce the
return on solar energy sold back into the grid under the state's net metering rule.
[20] Under the new rules, the monthly service charge imposed on Nevada Power's
rooftop solar-generating customers rose from $12.75 to $17.90 and was scheduled to
rise to $38.51 by January 1, 2020; simultaneously, the rates given to rooftop solar
generating customers for their surplus solar energy were also clawed back and were
to continue to decline over the ensuing four years.[20] As a result, SolarCity
eliminated more than 550 jobs in Nevada.[20]
In June 2016, Musk's car and battery company, Tesla, submitted an offer to acquire
SolarCity for $2.5�3 billion.[21] According to Musk, the reason for this is
"Creating a seamlessly integrated Tesla battery & solar power product that looks
beautiful".[22] On August 1, 2016, SolarCity accepted Tesla Motors' offer of 2.6
billion. The merger was completed later in 2016.[23][24]
In August 2016, it was announced that the company planned to take up $5 million in
charges to cover its planned layoffs. The company also cut the salaries of its two
co-founders from $275,000 to $1 per year.[29]
Tesla's 2017 goals were to launch a new car, open a large battery factory, and
"perfect autonomous driving". As of 2019 In November 2016 Musk called the merger a
"no-brainer" for SolarCity. He said that it was an accident of history that Tesla
and SolarCity were two separate companies before the merger.[36] Lyndon Rive left
SolarCity in June 2017,[37] and Peter Rive announced in July 2017 he would be
leaving also.[38] The chief policy officer of SolarCity, John Wellinghoff, left
SolarCity in April 2017.[39] Gigafactory 2 opened in Buffalo in late August 2017.
[40]
Locations
Headquarters are in San Mateo, California, while the company uses a distributed
service model in which it provides installation from local operations centers.[41]
The "no-money-down solar" business model became the most popular in the USA[46] and
increased installations but also added to SolarCity's debt, accounting for about
half of the company's over $3 billion debt.[47] Beginning in 2017, the company
shifted its business model to one where customers buy the solar systems with cash
or via financing.[26] Tesla, the parent company, is also changing how solar is
sold: in Tesla's stores, which will save on advertising compared to door to door
sales which reached new customers.[27][48]
Commercial solar
In May 2008, the company completed what was, at the time, the largest commercial
solar installation in San Jose on the North Campus of eBay. That July, SolarCity
completed what was then the largest commercial solar installation in San Francisco,
for British Motor Car Distributors, consisting of 1,606 solar photovoltaic panels.
[51][52] SolarCity introduced new financing options for businesses in 2009[53] and
has built multiple solar projects for other large organizations including Walmart,
[54][55] Intel,[56] and the U.S. military.[57]
SolarStrong project
SolarStrong is SolarCity's 5-year plan to build more than $1 billion in solar
photovoltaic projects for privatized military housing communities across the United
States, announced in late 2011.[65] SolarCity plans to work with the country's
leading privatized military housing developers to install, own and operate rooftop
solar installations and provide solar electricity at a lower cost than utility
power. SolarStrong is ultimately expected to create up to 300 megawatts of solar
generation capacity that could provide power to as many as 120,000 military housing
units, which would make it the largest residential photovoltaic project in American
history, if completed. In November 2011, SolarCity and Bank of America Merrill
Lynch announced that they have agreed to terms on initial debt financing for
SolarStrong.[66]
Energy storage
Tesla and Panasonic opened the Gigafactory, a battery factory in Nevada, in 2016,
where they make a battery storage device called Powerwall that stores solar power
for use as a battery backup. The device is sold to companies including SolarCity.
[67][68] SolarCity ran a 2015 pilot project in 500 California houses, using 10-
kilowatt-hour battery packs,[69][70] using the GridLogic software for PowerWalls as
a grid backup resource.[71] This concept is also being tested in Vermont.[72]
Installation technology
SolarCity provides technologies for mounting solar panels on rooftops developed by
Zep Solar, which it acquired in 2013.[73] Zep is best known for inventing a system
that allows PV installers to "snap together" panels on the roof more quickly than
other installation approaches to shorten installation time.[74] Zep Solar's
technology eliminates the need for mounting rails on many roof types.[75]
Solar roof
In August 2016, Musk announced that Solar City would be introducing a new product
called the Tesla Solar Roof where the photovoltaic electrical energy generating
devices and system would make up an entire roof surface, rather than merely be the
mounting of solar panels on an existing roof, stating "It�s not a thing on a roof.
It is the roof,"[76] as solar energy systems have generally been designed and
installed during the early decades of terrestrial solar power.[77] Assorted styles
of solar roof tiles, made of glass, were unveiled at Universal Studios' Colonial
Street backlot street set in late October 2016. Also unveiled was the Tesla
Powerwall 2, a home battery product designed to store surplus power, either from
the tiles or from the grid.[78] Consumer Reports compared the estimated economy of
solar roofs to traditional roofing.[79][80]
As of August 2017, production of tiles for the Tesla Solar Roof had begun at the
company's Buffalo, New York Gigafactory 2.[81] In January 2018, Tesla announced,
after testing on employees' roofs, that it would begin installing the product on
commercial customers' homes "within the next few months".[82]
Government-funded collaboration
The SunShot Initiative is a national effort to support solar energy adoption to
make solar energy affordable for all Americans. It is run by the US Department of
Energy's Solar Energy Technologies Office and funds research, development,
demonstration, and deployment projects. It is a collaboration of private companies,
universities, state and local governments, and nonprofits, as well as national
laboratories. The program began in 2011 with the initial goal of making solar
energy competitive with traditional forms of electricity by 2020. By 2016, the
program achieved 70% of the progress towards the 2020 goal.[83]
In the fiscal year 2012 Congressional budget, the program was appropriated $457
million. According to the US Department of Energy's appropriation request for that
year, "The program also encourages Systems Integration by developing radically new
approaches to reduce the cost and improve reliability and functionality of power
electronics and supporting industry development through test and evaluation
standards, and tools for understanding grid integration issues."[84]
SolarCity was involved in a collaboration with the program along with the Energy
Department's National Renewable Energy Laboratory and Hawaiian Electric Industries.
Using government and taxpayer funds, SolarCity helped 2,500 Hawaii residential
customers connect their solar power systems to the grid by the end of December
2015.[85]
As of May 2016, federal investigators were investigating how money and contracts
within the Buffalo Billion program were distributed. SolarCity was a partner in the
program. The company intended to open a large solar panel factory on the Buffalo
River. In May 2016, New York State officials postponed the approval of almost $500
million for the SolarCity project. According to The New York Times, Buffalo Billion
will benefit "a tangle of well-connected players � including developers and
frequent donors to the governor � who have feasted on Buffalo Billion money".[87]
On April 29, 2016, then-U.S. Attorney Preet Bharara (of the Southern District of
New York) began an investigation into state construction projects and contracts.
Buffalo Billion was a part of that investigation. Many companies have been
subpoenaed, and have provided information, including SolarCity and the office of
New York Governor Andrew Cuomo. SolarCity is not the subject or focus of the
investigation, and not involved in the vendor selection or contracting.[88]
The United States attorney's office for the Southern District of New York is
leading a federal inquiry into Buffalo Billion. Prosecutors subpoenaed several
state institutions who were responsible for SolarCity and other components of the
Buffalo Billion project. The subpoenas sought information about how government-
funded programs were awarded and what the role was of state officials who selected
the winners. Cuomo has strongly defended the project noting that there has been a
decrease in unemployment and an increase in spending around the Buffalo area.[87]
In February, three executives who worked for LPCiminelli Development who were
arrested in 2016 in a federal bid-rigging investigation motioned to have the case
against them either dismissed or moved from Manhattan to Buffalo. The three men
face a 14-count indictment for wire fraud and bribery and alleged bid rigging of
the SolarCity RiverBend construction contract. Additionally, five other people have
been charged with related crimes. The trials will begin in late spring of 2017.[86]
An Albany firm called Whitman Osterman and Hannah represented both LPCiminelli and
Fort Schuyler Management Corporation, which was a subsidiary of SUNY Polytechnic
that was awarded the contract to develop the site where SolarCity is being built.
The governor's office said that the formal awarding of the SolarCity contract was
made by Fort Schuyler on behalf of the state. On May 18, 2016, the Public
Authorities Control Board delayed a meeting at which it was set to approve $485
million in new funds for SolarCity. As late as May 2016 SolarCity said that it was
cooperating with federal agents who had been in contact with the company.[87]
The New York state legislature plans to approve a budget by April 1, 2017 that
would give $500 million more into the Buffalo Billion program. In return, the
legislature wants the Cuomo administration to put more transparency into how the
money is spent.[86]
The Campaign for Accountability reviewed 58 complaints that consumers filed with
the Oregon Department of Justice and said that the complaints indicated "a
widespread pattern of apparent fraud and abuse by solar companies".[90] The Oregon
Solar Energy Industry Association, however, said that it examined the complaints
and "found the numbers to be relatively low � lower than those being cited by the
Campaign for Accountability".[90]
The state's case revolves around two documents, which include an invoice from Solar
Foundations Systems dated February 25, 2011, and a December 2011 letter signed by
Ryan Davies, the former head of RedCo, a Utah-based company, which was the second
developer on the project. According to KOIN-TV, "The Davies letter reported
$210,000 had been spent toward the project and that construction was
progressing."[92] The Solar Foundations invoice contains details of the
construction of solar arrays. The invoice was necessary to provide proof of work on
the project to get tax credits from the state. The "Solar by Degree" project
received the tax credits, but it was later shown that the company named on the
invoice, Solar Foundations, does not exist. In addition, Davies claims he did not
write nor has ever seen the RedCo letter in question and that his name was forged.
Relying on this evidence, the state claims Shain forged both documents. Shain
denies forging the invoice and claims it was given to him by someone else involved
in the project.[93] The tax credits involved were given to SolarCity, the third
developer in the project, along with its financial backers. According to The
Oregonian, "Those backers provide upfront financing for the projects in exchange
for a share of the project revenues and the federal and state tax credits, which
they can use to offset their own taxes."[91] SolarCity stated, "We financed and
constructed the projects in accord with the requirements of the Oregon Department
of Energy."[91] The company argues that the state hired Shain, and it had no
knowledge of the phony documents in question, otherwise it would have not pursued
the endeavor.[91]
SolarCity received roughly $501.2 million in credits up until December 31, 2015. In
SolarCity's 2015 annual report, a note was made stating that if the government
determines misrepresentations were made, "the Department of Justice could bring a
civil action to recover amounts it believes were improperly paid to us".[94]
Customer litigation
Since 2006, SolarCity has lowered the minimum FICO score required for customers to
get the leasing deals. It uses the score of 650 (a "fair" credit rating) as the
cutoff. However, between 2014 and 2017, SolarCity signed long-term lease agreements
with at least 14 homeowner customers right before the customers defaulted on their
mortgages. The company has been named in 139 lawsuits where it is the defendant in
legal proceedings based on "residential foreclosure action".[95]
In its response, SolarCity said in a statement to the New York Times, "Out of more
than 305,000 installed customers, SolarCity is currently involved in 139 such
proceedings. The litigation is not adversarial � being named in the foreclosure
proceeding provides us with advance notice that we need to reassign a contract, and
many are immediately resolved with the relevant bank."[95]
The federal government is investigating whether solar companies are "masking how
many customers they are losing". The SEC is involved because "investors use that
cancellation metric as one way to gauge the companies' health".[96] According to
the Wall Street Journal, "To generate business, solar companies have long relied on
thousands of salespeople who knock on doors, make hundreds of cold calls and even
trail people as they shop at retailers like Home Depot Inc., according to
salespeople, executives and homeowners."[96]
Some customers say they were strong-armed into buying solar-energy systems by sales
representatives who threatened to sue them if they didn't proceed with a project or
to place a so-called mechanic's lien on their homes�a measure used to force a
homeowner to pay for a home-improvement project. Others say they didn't realize
they had actually signed contracts."[96]
As part of the settlement, the company agreed to �release all pending and future
claims against the U.S. for additional payments from the grant program". The move
ended a five-year investigation.[98]
Walmart lawsuit
SolarCity installed and manages solar panels on the roofs of more than 240 Walmart
stores. On August 21, 2019, Walmart filed a lawsuit against Tesla, seeking
reimbursement for millions of dollars in damages and release from contracts,
claiming that fires on the roofs of seven of those stores since 2012 were caused by
SolarCity's "negligent installation and maintenance".[102]
Gigafactory
Main article: Gigafactory 2
In 2014, SolarCity announced plans to build a new manufacturing facility in
Buffalo, New York, in coordination with the SUNY Polytechnic Institute after
acquiring Silevo, a maker of high-efficiency solar modules. The initial
manufacturing complex will be a 1.2-million-square-foot (110,000 m2) facility that
will cost $900 million and employ 1,500 workers in Buffalo and 5,000 statewide.
[107] With a planned capacity of one gigawatt of solar panels annually by 2019, the
new plant would be the largest solar plant in the U.S.[108] Groundbreaking for the
project occurred in September 2014 with a target completion date of early 2016.
[109]
The facility would be the largest of its kind in the Western Hemisphere.[110][111]
Panasonic is to handle production at the Buffalo plant, investing $256 million.
[112] Panasonic and SolarCity/Silevo are developing similar but somewhat different
HIT-technology, and Panasonic hopes to use SolarCity's 6-inch (150 mm) wafers
combining the two companies' technologies at an efficiency of 22%.[113][114]
SolarCity expects demand to outstrip the Buffalo production of 10,000 solar panels
per day, and buys solar equipment from other manufacturers until more factories can
be built.[115]
In February 2016, CEO Lyndon Rive announced that due to delays incurred in the
supply of machinery for the plant, production would begin in summer 2017.[116] New
York State owns the building and most of the equipment, leasing it to SolarCity.
Most of the work was completed by November 2016, when the Buffalo Billion project
was under investigation, delaying state payments to contractors, but not
influencing progress on completion of construction.[117] SolarCity started hiring
for the factory in December 2016.[118]
Elon Musk announced in 2017 that production of Tesla's solar roof products would be
moved to the Buffalo plant at the end of 2017.[119] As of August 2017, production
of solar roof tiles had begun at the factory, and Tesla expected to continue to
ramp up production through the rest of the year.[81]
Trade organization