The SolarCity company was founded in 2006 by the cousins of the famous entrepreneur and founder of Tesla Motors and Space X - Elon Musk. Knowing well his outstanding business qualities, they also entrusted the management of their company to him.
During this time, SolarCity managed to become the largest solar panel manufacturer in the United States. Its clients are private homeowners, businesses, schools, nonprofits and government organizations who have opted for clean solar energy, which has proven to be much cheaper than what power plants produce by burning hydrocarbons.
Company officials said their new solar panels are the most efficient in the world. So on an area of 0, 093 sq. m (1 sq. ft.) they produce more energy than analogues in the world. At present, their efficiency is 22.5% - the highest indicator for today among the models on the market.
This became possible after SolarCity acquired new solar cell technology from Sivelo. The new configuration of the solar panel reduces efficiency losses to 0.5%, while the closest competitors SolarCity these figures reach from 1.5 to 2.5%.
The solar modules will be assembled in Buffalo, New York. The plant is expected to produce between 9, 000 and 10, 000 solar panels on a daily basis. Thanks to new technologies, the cost of panels can be reduced to 55 cents per watt of rated power.
The unique panels assembled at SolarCity's workshops will produce 30-40% more energy than comparable batteries from competitors. The brothers' ambitious plans are to achieve a generated capacity of 1 GW. Next to the panel plant, they intend to create a solar farm that will provide clean energy to Buffalo residents.
To become a SolarCity customer, all you have to do is contact the company's representatives, who will take care of all the necessary calculations and design of solar panels. And then something incredible begins. The installers install and connect the equipment, and the client does not pay a cent for all this.
He will later pay monthly and exclusively for the electricity generated by his solar panels. In this unusual way, SolarCity and its founders are introducing their fellow citizens to the use of solar energy.