Investors see potential in SolarCity
SolarCity keeps growing faster than it had publicly anticipated, and if that continues to be the case, 2014 will be a very big year indeed. But it’s already in that category of recent stock offerings that we can all kick ourselves over for not having jumped on when it was oh-so-cheap.
The young company on Friday boosted its 2013 guidance for new installed capacity to 278 megawatts and said it expects to deploy way more than that amount in 2014, putting its best guess at between 475 MW and 525 MW.
image via SolarCity
SolarCity’s business model is to put solar power systems on roofs at low upfront cost, own the system and sell the energy produced to the home or business owner at a rate that beats retail electricity costs from the provider or providers in the area.