The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Solar panel leasing company SolarCity announced today that it will begin selling 240-volt electric car chargers manufactured by ClipperCreek for $1,500 for customers that currently lease solar panels.
The “Level 2″ 240-volt chargers can charge an electric car like the Nissan Leaf to an 80-percent charge in around 3 hours. SolarCity sells the chargers outright, but gives their solar leasing customers a discount. So residents who lease solar panels are essentially getting subsidized electric car chargers that are priced below market value.
“We’ll install an electric vehicle charging station whether they’re a solar customer or not,” SolarCity spokesperson Johnathan Bass told VentureBeat. “But if you’re a solar customer it delivers a lot of additional economic benefit.”
The electric car chargers can pull electricity from solar panels installed on homes during the day. They pull electricity from a typical power grid at night, but owners are credited for that electricity when their rooftop solar panels produce it during the day, Bass said.
There are two other types of electric car chargers — a low-volt Level 1 charger and a super-fast 480-volt charging station that can charge an electric car much more quickly.
“We’re doing level 2 today, this is our announcement, but we’ll be open to using additional chargers in the future,” Bass said.
SolarCity leases residential solar panels for a 15-year period, handling all the maintenance during the life of the lease. The electricity generated by the panels powers homes directly, taking some load off the electric grid. The company works in the “distributed solar” space, which is designed to help reduce some of the strain on power grids during peak usage hours when homes are drawing more electricity for air conditioning or, in the future, electric car charging.
The company also works with home owners to introduce a number of other energy efficiency tweaks as part of a program it started in 2009. For example, homeowners can hire SolarCity to install more efficient lighting and cooling services and seal up air ducts for better insulation.
Google recently created a $280 million fund for residential solar power projects run by SolarCity. The fund gives SolarCity the capital it needs to create more reasonable financing options for homeowners who are interested in installing solar panels on their roofs but don’t necessarily have the cash to buy panels outright. SolarCity is also raising $42 million in its most recent funding round.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more