SolarCity is a full-service solar provider for homeowners, businesses and government organizations. It provides solar power system design, financing, installation, energy efficiency and monitoring services. The company makes clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas. SolarCity's mission is to make solar power the workhorse of the world's energy production.
Parent Company
San Mateo, US
SolarCity was founded in 2006 and is headquartered in San Mateo, US

Key People at SolarCity

Lyndon Rive

Lyndon Rive

Founder, CEO
Radford Small

Radford Small

Peter Rive

Peter Rive

Elon Musk

Elon Musk

Aaron Gillmore

Aaron Gillmore

Vice President, Solar Development

SolarCity Office Locations

SolarCity has offices in San Mateo, Las Vegas, Roseville, New York and in 75 other locations
San Mateo, US (HQ)
3055 Clearview Way
San Francisco, US
444 De Haro Street
Roseville, US
1000 Enterprise Way
Las Vegas, US
300 6671 S Las Vegas Blvd

SolarCity Data and Metrics

SolarCity Summary

In total, SolarCity had raised $1.7 b. SolarCity is a subsidiary of Tesla

SolarCity Financial Metrics

SolarCity's revenue was reported to be $730.3 m in FY, 2016 which is a 83% increase from the previous period.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


126.9 m163.8 m255 m399.6 m730.3 m

Revenue growth, %


Cost of goods sold

34.7 m176.4 m280.8 m478.9 m

Gross profit

129.1 m78.6 m118.8 m251.4 m

Gross profit Margin, %


Operating expense total

188.7 m414.2 m766.6 m901.8 m


(149.4 m)(335.6 m)(647.8 m)(650.3 m)

EBIT margin, %


Pre tax profit

(37.8 m)(402 m)(765.5 m)(820.7 m)

Income tax expense

54 k(24.8 m)(26.7 m)3.3 m308 k

Net Income

(151.8 m)(375.2 m)(768.8 m)(820.3 m)
USDY, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


50.5 m160.1 m577.1 m504.4 m382.5 m290.7 m

Accounts Receivable

23 m22.7 m34 m66.9 m


111.4 m217.2 m343 m172.7 m

Current Assets

787.7 m1 b902.1 m692.9 m


101.9 m

Total Assets

2.8 b4.6 b7.3 b9.1 b

Accounts Payable

121.6 m237.8 m365 m207.6 m

Total Debt

246 m303.3 m1.2 b1.7 b

Current Liabilities

338.2 m567.1 m1.2 b1.5 b

Common Stock

10 k

Additional Paid-in Capital

819.9 m1 b1.2 b1.3 b

Retained Earnings

(202.3 m)(258.4 m)(316.7 m)(77.9 m)

Total Equity

804.4 m1.2 b1.4 b1.9 b

Debt to Equity Ratio

0.3 x0.3 x0.8 x0.9 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x0.2 x

Financial Leverage

3.5 x4 x5.2 x4.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(151.8 m)(375.2 m)(768.8 m)(820.3 m)

Depreciation and Amortization

166.7 m

Accounts Receivable

2.9 m22.7 m(11 m)(33 m)


(20 m)217 m(130 m)171 m

Accounts Payable

50.8 m237.8 m125.5 m(149.7 m)

Cash From Operating Activities

174.5 m(789.9 m)(508.8 m)

Purchases of PP&E

(9.1 m)

Cash From Investing Activities

(729.9 m)(1.7 b)(1.7 b)

Long-term Borrowings

(65.3 m)(215.9 m)(866.9 m)

Cash From Financing Activities

972.4 m2.4 b2.1 b

Interest Paid

6.6 m54 m107.2 m

SolarCity Job Categories

SolarCity Median Salaries

Source: 176 public H-1B filings from SolarCity

SolarCity Online and Social Media Presence

SolarCity News and Updates

SolarCity Company Life and Culture

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