SolarCity Goes Public, Offers Sun-Power for EV Charging Stations

solar panel

If you’re sell­ing plug-in elec­tric vehi­cles at your deal­er­ship, keep in mind that some prospec­tive cus­tomers are going to be inter­ested in hav­ing solar pan­els installed on their houses to pro­duce the elec­tric­ity needed to charge the car. Cer­tainly not that many of them, but for those seri­ous about sus­tain­abil­ity and green issues, they’re very inter­ested in it (and that includes fleets and cor­po­rate cus­tomers). SolarCity has become the best known solar energy com­pany in the US, and it just went pub­lic on the stock mar­ket. Tesla Motors CEO Elon Musk has been a key backer of the com­pany, which saw its stock val­ues do very well on the first day of trad­ing – soar­ing 47%. Musk has done well with stock for his Tesla com­pany – with shares open­ing at $17 in 2010 and more recently sell­ing for about $35 a share.

SolarCity is work­ing with Tesla on set­ting up solar-powered fast charg­ers for its Model S elec­tric sedan; they’re called Tesla Super­charg­ing sta­tions and are being built along Inter­state high­ways. The com­pany has also been work­ing with Ford Motor Co. on solar-powered charg­ing for those shop­ping for elec­tri­fied Ford models.