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Tag: solar

SolarCity and Honda Announce $50 Million Commitment to Provide Solar Power to Honda and Acura Customers and Dealerships

Today, at the SXSW Eco conference in Austin, TX, SolarCity® (Nasdaq: SCTY) and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the U.S. The companies have completed or initiated a range of solar projects for homeowners, dealerships and corporate facilities that total more than 12.5 MW of solar generation capacity. The two companies have already brought enough solar capacity online to offset more than 400 million pounds of CO2 over a 30-year lifecyclei. The $50 million fund is a follow-up to a $65 million fund the companies created in 2013.

The partnership, which is aimed at addressing air pollution and global climate change by reducing CO2 emissions and particulate emissions from home, business and transportation energy use, covers the cost of solar equipment and installation and makes it possible for many homeowners to pay less for solar electricity than they pay for electricity from utilities, with insurance, repairs and monitoring service included.ii

Envisioning a future in which personal mobility products will be powered in large part by renewable energy, the two companies have begun implementing co-marketing programs that specifically encourage owners of either solar powered homes or plug-in electric vehicles to adopt the complementary product. The companies have also collaborated on advanced projects that demonstrate the full potential of distributed renewables combined with plug-in electric vehicles, including Honda Smart Home US. SolarCity installed the high-efficiency and cost-effective solar system used in this project.

SolarCity has developed a proprietary system that has greatly simplified the process by which homeowners can go solar. From an initial phone call or Web consultation, SolarCity can quickly assess whether a homeowner is a good candidate for solar, and can design a custom solar system to meet a customer’s specific energy needs. Honda and Acura customers and dealers interested in solar can find more information at www.hondasolarcity.com.

Executive Quotes
“The first phase of this partnership has proven that Honda drivers have a high affinity for solar power, while owners of solar-powered homes have a high affinity for Honda products,” said Steven Center, Vice President of the Environmental Business Development Office of American Honda Motor Co., Inc. “As we look toward a future in which renewable energy will be an increasingly pervasive fuel source for personal mobility products, we are excited about capitalizing on the technological, environmental and market opportunities available through partnerships of this nature.”

“Our partnership with Honda is creating local jobs and helping to address air pollution, water pollution and climate change,” said SolarCity CEO Lyndon Rive. “Honda’s commitment is making a difference for the economy and the environment.”

About Honda
Based on its vision of “Blue Skies for our Children,” Honda is working to advance technologies that address society’s environmental and energy concerns through a diverse lineup of products and technologies, including more fuel-efficient gasoline engines, natural gas, hybrids, plug-in hybrids, battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Today, Honda is targeting a 30-percent reduction in CO2 emissions from its U.S. automobile product lineup by 2020, compared to 2000 levels. In pursuit of its vision for a zero-carbon future, the company is advancing electromotive technologies in many forms, and will introduce an advanced new fuel cell electric car in 2015.

In keeping with its commitment to produce vehicles with the lowest CO2 emissions at plants with the smallest environmental footprint, the company is broadly addressing emissions, energy, water use and waste in all phases of its products life cycles. In the manufacturing realm, this includes a 95 percent reduction in waste sent to landfills in North America. Honda is working to extend its “green factory” and “green purchasing” initiatives to its more than 650 parts suppliers in North America and is also pursuing more environmentally responsible business practices among its U.S. dealers through the company’s “Green Dealer” program.

Honda is also demonstrating its vision for zero-carbon mobility and living with the creation of the Honda Smart Home US, in Davis, California, which was opened in early 2014 and is capable of producing more energy on-site from renewable sources than it consumes annually, including enough energy to power a Honda Fit EV for daily commuting.

About SolarCity
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes clean energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 15 states and signs a new customer every minute of the workday. Visit the company online atwww.solarcity.com and follow the company on Facebook Twitter.

Honda Develops Solar Powered Compatible EV Charger

Honda is changing the way we think of electric vehicles and how they charge. Honda “…has made its way to the spotlight by working on a normal speed EV charger that is able to garner its energy from the power of the sun, too, which would go some way in promoting the use of electric-powered vehicles.”

Not only that, but it is a small solar panel that can be installed on a wall just about anywhere. According to this article, “Not only that, it can also be installed in a jiffy in existing parking areas, as it offers support for network-based billing services and smart card authentication. Not only that, the HEH55 will also sport locking systems that include a “gunlock” function so that any untoward mischief can be prevented.”

While all manufacturing are battling to create more efficient vehicles, including electric vehicles, Honda is taking it one step further and making the way these vehicles get power environmentally friendly, too. Not just environmentally friendly, but convenient.

And that’s pretty awesome.

Solar City & Elon Musk Choose Honda Over Toyota to be Vehicle for Solar Power Discount

Buy a Honda (or Acura) and get $400 off solar power at your house? Sounds good to us!

In a first-of-its-kind incentive, Honda and SolarCity have teamed up to offer residents of 14 states, including Washington State, a $400 break on solar power if you purchase a Honda or Acura. It’s a unique idea and one backed up market research, according to this article. It seems like a solid marketing plan considering “(a) Honda and Acura sales in SolarCity’s 14-state area are pretty strong, and (b) Honda and Acura owners are more likely than other vehicle owners to be interested in solar power.”

Honda’s vice president for Environmental Business Development, Steven Center, references that second point fairly directly: “At Honda, we are always looking at ways to improve the lives of our customers while reducing our environmental footprint…. We believe Honda and Acura customers are going to be very interested in going solar once they find out that they can install solar at their home with little or no upfront cost, can lower their monthly utility bill, and can make a positive contribution to protecting the environment.”

As much as we think this solar power incentive is great, we think the most interesting part about this story is behind the scenes having to do with the fact that the SolarCity chairman is Elon Musk…as in Tesla Motors, Elon Musk. While Tesla and Honda may not be the biggest rivals or be direct competitors yet, Tesla does “a fairly significant alliance with one of Honda’s biggest rivals, Toyota.” In fact, Tesla bought its newest manufacturing plant from Toyota for next to nothing and Tesla is working on the battery system for the all new electric Toyota RAV4 (apparently, their goal is to build many electric vehicles together).

Considering all this, why wouldn’t Elon Musk and SolarCity create this car-buying, solar-powering incentives program with Toyota…instead of one of their biggest rivals, Honda? According to the article, no one really knows Musk’s reasons yet for choosing Honda over Toyota, but we are dying to know.

Is it because Musk wants to strategically get involved with several auto manufacturers for future endeavors? Is it because he doesn’t really like working with Toyota and wants to plant seeds with another company? (not that he’d ever admit it) Or, is it simply a business move and he expects more Hondas to sell and, therefore, create more business for SolarCity.

Why do you think Elon Musk chose Honda over Toyota?

 

 

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