Founded in 2006, 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. SolarCity's operations are in Arizona, California, Colorado, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas and Washington D.C. According to the company's website, SolarCity's founders believe that the environmental impact of energy production is one of the greatest challenges that our planet will face in the near future, and the company aims to alleviate this impact with solar power systems. Their stated mission is to "make solar power the workhorse of the world's energy installation at a time."
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
Robert Kelly

Robert Kelly

Chrysanthe Gusis

Chrysanthe Gusis

Vice President andDeputy General Counsel
Aaron Gillmore

Aaron Gillmore

Vice President, Solar Development
Elon Musk

Elon Musk

Chairman and Principal Shareholder

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
Roseville, US
1000 Enterprise Way
Las Vegas, US
300 6671 S Las Vegas Blvd

SolarCity Metrics

SolarCity Summary

In total, SolarCity had raised $1.6 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 82.8% increase from the previous period.
FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$126.9 m$163.8 m$255 m$399.6 m$730.3 m

Revenue growth, %


Cost of goods sold

$34.7 m$176.4 m$280.8 m$478.9 m

Gross profit

$129.1 m$78.6 m$118.8 m$251.4 m

Gross profit Margin, %


Operating expense total

$188.7 m$414.2 m$766.6 m$901.8 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 m$308 k

Net Income

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


$50.5 m$160.1 m$577.1 m$504.4 m$382.5 m$290.7 m

Accounts Receivable

$23 m$22.7 m$34 m$66.9 m


$111.4 m$217.2 m$343 m$172.7 m

Current Assets

$787.7 m$1 b$902.1 m$692.9 m


$101.9 m

Total Assets

$2.8 b$4.6 b$7.3 b$9.1 b

Accounts Payable

$121.6 m$237.8 m$365 m$207.6 m

Total Debt

$246 m$303.3 m$1.2 b$1.7 b

Current Liabilities

$338.2 m$567.1 m$1.2 b$1.5 b

Common Stock

$10 k

Additional Paid-in Capital

$819.9 m$1 b$1.2 b$1.3 b

Retained Earnings

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

Total Equity

$804.4 m$1.2 b$1.4 b$1.9 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
FY, 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 m$22.7 m($11 m)($33 m)


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

Accounts Payable

$50.8 m$237.8 m$125.5 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 m$2.4 b$2.1 b

Interest Paid

$6.6 m$54 m$107.2 m

SolarCity Job Categories

SolarCity Median Salaries

Source: 176 public H-1B filings from SolarCity

SolarCity Online Presence

SolarCity News

SolarCity Company Life

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