The future is solar energy
SolarCity's leases run for 15 years. The company designs, installs and maintains the system. SolarCity owns the system and gets the accompanying federal tax credits and state incentives. Homeowners pay SolarCity for the lease and the electricity they use. That's typically about 15% less than their traditional monthly electric bill ingenious if you ask me.
I collected a few articles below on SolarCity, and I think that TSLA and SolarCity are feeding off each they are two companies with the same goal. Both are the future but I have a feeling SolarCity has even more potential as a long term investment. With its IPO just out a few months ago Musk is one person who knows how to use public relationships and return value and money back to the shareholder.
You are NOT investing in what this company making now what you are investing is in the companies future once this starts to show profit this company will be trading over $120 per share and I will project $75 is not out of question by the end of 2014.
Honda has had a few solar projects-a sun-powered hydrogen station in Japan, a massive 100-kilowatt installation at its Performance Development headquarters in California-but nothing on the scale of what it's proposing now: with partner SolarCity, a $65 million investment fund to subsidize solar on 10 to 20 Honda dealerships and up to 3,000 Honda-customer homes in 14 states.
Here's what this means for consumers: If you bought a Honda recently, or are somewhere in the company's huge database, and you live in one of SolarCity's 14 states (Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas, Washington and Washington, D.C.), then you're eligible for a $400 discount to reduce your monthly electric bill (by approximately half a cent per kilowatt-hour) from the solar on your roof.SolarCity
Musk provided the initial concept for SolarCity, where he remains the largest shareholder and chairman of the board. SolarCity is the largest provider of solar power systems in the United States. His cousin Lyndon Rive is the CEO and co-founder. The underlying motivation for funding both SolarCity and Tesla is to help combat global warming. In 2012, Musk announced that SolarCity and Tesla Motors are collaborating to use electric vehicle batteries to smooth the impact of rooftop solar on the power grid.
Whats next if you ask me? I think solar powered electrical cars will be the next big thing and Musk will create the future for us Musk is like investing in Apple in 1980's. This is the future solar is here to stay while carbon fuel will only last us so long maybe 50 more years before oil will be a scarce resource.
Today we consume around 4 times as much oil as we discover. If we apply Hubbert's Peak to world oil production we estimate that approximately half of all oil that will be recovered, has been recovered, and oil production may reach a peak in the near future, or perhaps already has.
"Understanding depletion is simple. Think of an Irish pub. The glass starts full and ends empty. There are only so many more drinks to closing time. It's the same with oil. We have to find the bar before we can drink what is in it." Campbell
What peaking does mean, in energy terms, is that once you've peaked, further growth in supply, is over. Peaking is generally, also, a relatively quick transition to a relatively serious decline at least on a basin by basin basis. And the issue then, is the world's biggest serious question. Simmons
Entrepreneur Elon Musk is a man with many plans. The founder of PayPal, Tesla Motors and SpaceX sits down with TED curator Chris Anderson to share details about his visionary projects, which include a mass-marketed electric car, a solar energy leasing company, and a fully reusable rocket.
Lets not get to the point of no return, the future is solar power and electric cars any society that stays dependent on oil will go extinct in the next 50 years even Iran knows this that is why its building nuclear power plants.
Disclosure: I am long SCTY.