COMPANY OVERVIEW SOLARCITY INNOVATIONS SolarCity has fueled its growth through a series of energy product and service innovations, including: STRUCTURED FINANCING: ELIMINATING UPFRONT COST SolarCity has created a range of solar financing options that can make solar power less expensive than utility power. Bundled with custom design and installation, monitoring, energy efficiency services, a performance guarantee and extended warranties, SolarCity’s financing options have helped significantly increase clean power adoption, including among lower and middle-income homeowners. SOLARCITY—AN AMERICAN PROACTIVE MONITORING SYSTEMS ENERGY SUCCESS STORY SolarCity’s PowerGuide service gives SolarCity customers a real-time view of their home or business’ net energy Founded in July 2006, SolarCity provides renewable electricity consumption and carbon footprint. Through easy-to-read directly to homeowners, businesses and government graphical displays, SolarCity’s monitoring systems collect, organizations for less than they spend on utility bills. SolarCity monitor and display critical performance data from SolarCity gives customers control of their energy costs—protecting them solar energy systems, including production levels, local from rising rates—and makes clean energy easy by taking care weather, electricity usage and environmental impacts such of everything from design and permitting to monitoring and as carbon offset and pollution reduction. maintenance. SolarCity now serves residential, commercial and government segments across the country, and has provided ENERGY STORAGE clean energy services to more than 168,000 customers as SolarCity has developed a proprietary battery management of September 30, 2014. SolarCity’s high-touch approach to system built on its solar energy monitoring communications every phase of the customer experience has already allowed it backbone. The battery management system is designed to enable to create more than 9,000 jobs across a range of disciplines, remote, fully bidirectional control of distributed energy storage including construction, engineering design, finance, sales and that can potentially provide significant benefits to our customers, marketing. SolarCity also hires locally as it expands, leveraging utilities and grid operators. The benefits of energy storage coupled talent in each new location to boost local economies in new with a solar energy system to SolarCity customers may include service territories. back-up power, time-of-use energy arbitrage, rate arbitrage, peak demand shaving and demand response. Advances in battery storage technology, steep reductions in pricing and burgeoning policy changes that support energy storage hold significant promise for enabling deployments of grid-connected energy storage systems. COMMUNITY SOLAR SolarCity pioneered the community solar program, whereby communities can collectively adopt clean power in partnership with their local government or community organizations. By engaging communities and community leaders, SolarCity has helped more than 50 communities complete more than 1,500 solar projects, increasing each region’s use of renewable energy. SolarCity Corporate Headquarters 3055 Clearview Way, San Mateo, CA 94402 (888) 765-2489 SOLARCITY.COM SOLAR MANUFACTURING AT HIGH SOLARCITY JOB GROWTH EFFICIENCY & LOW COST SolarCity acquired Silevo, a solar panel technology and 9,000 manufacturing company whose modules have demonstrated 8,000 a unique combination of high energy output and low cost. The company is also building an initial manufacturing plant in 7,000 the state of New York. This would be followed in subsequent 6,000 years by one or more significantly larger plants at an order of magnitude greater annual production capacity. Our intent is to 5,000 combine what we believe is fundamentally the best photovoltaic 4,000 technology with massive economies of scale to achieve # of Employees breakthrough in the cost of solar power. 3,000 2,000 MILITARY HOUSING COMMUNITIES 1,000 Our SolarStrong initiative seeks provide solar power to up to 120,000 military housing units, and create up to 300 0 megawatts of solar generation capacity. Expected to be October 2006 January 2015 the largest residential solar photovoltaic project in American history, SolarCity has installed solar for communities serving fifteen military bases across the country, including Los Angeles Air Force Base. The project will also help the Department of SOLARCITY COMPANY GROWTH Defense, currently the largest energy consumer in the United Cumulative SolarCity Customers Serviced States, make additional progress toward its goal to have 25% of its energy requirements met by renewable energy by 2025. 140,000 120,000 GEOGRAPHY 100,000 Currently SolarCity offers commercial energy services across OR MA NY the nation and residential energy services in the following states: 80,000 CT Arizona, California, Colorado, Connecticut, Delaware, Hawaii, NJ Maryland, Massachusetts, Nevada, New Jersey, New York, NV DE 60,000 MD Oregon, Pennsylvania, Texas, Washington, Washington D.C. CA CO 40,000 AZ 20,000 TX 0 2010 2011 2012 2013 Q2 2014 HI Headquarters Regional Operations Centers OR San Mateo, Mateo, CA CA DeerDeer Valley, Valley, AZ AZ Chatsworth,Hawthorne, CA Palm CASprings, CA SanVictorville, Francisco, CA CA Pembroke,Beltsville, MA MDOrange County, NY MA Granite Bay, Bay, CA CA Dewey,Gilbert, AZ AZ Chico, CAInland Empire,Petaluma, CA CA SanDenver, Luis CO Obispo, CAWilmington,Clarksburg, MA Portland, MD OR NY Las Vegas, NV Glendale, AZ Foster City, CA Riverside, CA Parker, CO Beltsville, MD Dallas, TX CT Las Vegas, NV Phoenix,Glendale, AZ AZ Fresno, CALancaster,Sacramento, CA CA SanRocky Rafael, Hill, CT CA White Plains,Hunt Valley,MD El Paso,MD TX Tucson,Mesa, AZ AZ Lancaster,Lemon CA Grove,San Diego, CA CA SantaNewark, Ana, DE CA Blackwood,White NJ Plains, MD NJ WestPhoenix, Valley, AZAZ Livermore,Livermore, CA San CALuis Obispo, CA Stockton,Seaford, DE CA Cranbury,Blackwood NJ NJ NV DE Bakerseld, CA Martinez, CA Santa Ana, CA Kona, HI Henderson, NV MD Berkeley,Prescott CA Valley, AZMorgan Martinez,Hill, CA Stockton, CA CA Victorville,Mililani, HII CA Albany,Cranbury, NY NJ CA CO Camarillo,Tucson, CA AZ Murrieta,Merced, CA Ventura,CA CA Denver,Marlborough, CO MA Elmsford,Albuquerque, NY NM Atwater Village, CA Milpitas, CA Parker, CO Henderson, NV Bakersfield, CA Modesto, CA Hartford, CT N. Las Vegas, NV AZ Berkeley, CA Morgan Hill, CA Washington, DC Albany, NY NM Camarillo, CA Murrieta, CA Seaford, DE Long Island, NY Chatsworth, CA Palm Springs, CA Kona, HI New Windsor, NY Chico, CA Petaluma, CA Mililani, HI Westchester, NY TX Escondido, CA Rancho Cordova, CA Agawam, MA Portland, OR Foster City, CA Riverside, CA Marlborough, MA Dallas, TX Fresno, CA Sacramento, CA Pembroke, MA El Paso, TX Granite Bay, CA San Diego, CA Wilmington, MA HI Headquarters Regional Operations Centers San Mateo, CA Deer Valley, AZ Chico, CA Milpitas, CA San Rafael, CA Marlborough, MA Albany, NY Las Vegas, NV Gilbert, AZ Escondido, CA Modesto, CA Santa Ana, CA Pembroke, MA Long Island, NY Glendale, AZ Foster City, CA Morgan Hill, CA Stockton, CA Wilmington, MA New Windsor, NY Mesa, AZ Fresno, CA Murrieta, CA Victorville, CA Beltsville, MD Westchester, NY Phoenix, AZ Granite Bay, CA Palm Springs, CA Denver, CO Clarksburg, MD Portland, OR Prescott Valley, AZ Hawthorne, CA Petaluma, CA Parker, CO Hunt Valley, MD Dallas, TX Tucson, AZ Inland Empire, CA Rancho Cordova, CA Hartford, CT White Plains, MD El Paso, TX Atwater Village, CA Lancaster, CA Riverside, CA Washington, DC Blackwood NJ Bakerseld, CA Lemon Grove, CA Sacramento, CA Seaford, DE Cranbury, NJ Berkeley, CA Livermore, CA San Diego, CA Kona, HI Albuquerque, NM Camarillo, CA Martinez, CA San Francisco, CA Mililani, HI Henderson, NV Chatsworth, CA Merced, CA San Luis Obispo, CA Agawam, MA N. Las Vegas, NV SolarCity Corporate Headquarters 3055 Clearview Way, San Mateo, CA 94402 (888) 765-2489 SOLARCITY.COM SFSFED1501.