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SolarCity ups the Ante

There is no better way to get people to make big purchases than to offer a product with no money down. That is exactly what SolarCity (NASDAQ: SCTY  ) is planning to do. The company just announced that it will be extending its no-money-down offer to homebuilders and developers. It should come as so surprise that SolarCity is extending this deal, which was previously only available to homeowners, because the company recently signed a financing deal with Goldman Sachs  (NYSE: GS  )  for this very kind of move, 

So how does a company that sells solar power make money if customers don't pay for panels? It's all in the contract. SolarCity has a unique business model that separates it from many of the other solar industry plays that are out there today. In this video, contributors Tyler Crowe and Aimee Duffy discuss how this unique business model gives it a leg up over several of its competitors, and how SolarCity could be poised to do well in the future. 

The solar industry in the U.S. has been taking off over the past year, and manufacturers of panels could stand to make a hefty profit because of it. One of the top manufacturers of solar panels in the U.S. is First Solar, and it is well-positioned to supply the solar power boom. If you're looking for continuing updates and guidance on the company whenever news breaks, The Motley Fool has created a brand-new report that details every must know side of this stock. To get started, simply click here now.

Read/Post Comments (3) | Recommend This Article (3)

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  • Report this Comment On June 14, 2013, at 12:52 PM, ifool100 wrote:

    Nice job guys! Good info about SCTY biz model and how it's different.

  • Report this Comment On June 14, 2013, at 6:05 PM, ronwiserinvestor wrote:

    "There is no better way to get people to make big purchases than to offer a product with no money down." Yes, there is a better way and that's a big purchase with no money down and a 30% federal tax credit and a cash rebate and ownership of the product that you're purchasing. You'll get none of these from SolarCity or any other solar leasing company for that matter. Buying a solar system with a $0 down solar loan instead of a lease will always yield a much higher return on investment.

  • Report this Comment On June 15, 2013, at 1:48 PM, RussellL wrote:

    Who is giving these $0 down solar loans and at what apr?

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