SolarCity and Groupon Offer First of Its Kind Deal on Solar Power

By GlobeNewswire,  May 28, 2014, 09:00:00 AM EDT


Deal Available in 84 Metro Areas Including Hundreds of Cities and Towns; the Largest Online Discount Available for SolarCity's Services

CHICAGO and SAN MATEO, Calif., May 28, 2014 (GLOBE NEWSWIRE) -- In an effort to make sustainability more affordable than ever, Groupon and SolarCity have created the first online offer of its kind for solar power systems.





Groupon (Nasdaq:GRPN) will work with SolarCity (Nasdaq:SCTY), the nation's largest solar power provider, to offer deals on solar systems in the Groupon marketplace. SolarCity makes it possible for many homeowners to pay less for solar electricity than they pay for utility power. For a limited time, customers can benefit from additional savings with a deal from Groupon by paying $1 for $400 off home solar power.

Groupon has more than 200,000 active deals and more than 51 million active customers globally. The SolarCity offer is Groupon's first national deal in the solar category and is part of their growing collection of home and auto services deals.

After purchasing today's solar deal on Groupon, homeowners will be contacted by SolarCity to schedule a consultation. If the homeowner decides to move forward with solar service, the discount will be applied. Homeowners can install their solar system at no additional cost and pay only for the power. SolarCity currently serves thousands of communities and major metropolitan areas in 15 states.

To purchase the offer and learn more about the terms and conditions of the deal, please visit www.groupon.com/deals/solarcity-1.

About Groupon

Groupon (Nasdaq:GRPN) is a global leader of local commerce and the place you start when you want to buy just about anything, anytime, anywhere. By leveraging the company's global relationships and scale, Groupon offers consumers a vast marketplace of unbeatable deals all over the world. Shoppers discover the best a city has to offer on the web or on mobile with Groupon Local, enjoy vacations with Groupon Getaways, and find a curated selection of electronics, fashion, home furnishings and more with Groupon Goods.

Groupon is redefining how traditional small businesses attract, retain and interact with customers by providing merchants with a suite of products and services, including customizable deal campaigns, credit card payment processing capabilities, and point-of-sale solutions that help businesses grow and operate more effectively. To search for great deals or subscribe to Groupon emails, visit groupon.com. To download Groupon's five-star mobile apps, visit www.groupon.com/mobile. To learn more about the company's merchant solutions and how to work with Groupon, visit https://www.grouponworks.com/.

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 offers solar power, energy efficiency and electric vehicle services, and 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 three minutes. Visit the company online at www.solarcity.com and follow the company on Facebook Twitter.

This release contains forward-looking statements including, but not limited to, statements regarding expected savings on solar, future aspects of the SolarCity and Groupon initiative, and future deals for SolarCity and Groupon customers. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

AZ ROC 243771/ROC 245450/ROC277498, CA LIC#888104, CO EC8041, CT HIC 0632778/ELC 0125305, DC #71101486/ECC902585, HI CT-29770, MA HIC 168572, MD MHIC 128948, NV NV20121135172/EC 0078648, NJ NJHIC#13VH06160600/34EB01732700, OR CB180498/C562/PB1102, PA HICPA077343, TX TECL27006, WA SOLARC*91901/SOLARC*905P7, MASS EL-1136MR. © 2014 SolarCity Corporation. All rights reserved.

CONTACT: Media Contacts

         For SolarCity
         Molly Canales
         650-963-5674
         press@solarcity.com

         For Groupon
         Erin Yeager
         312-999-3434
         eyeager@groupon.com

Source: SolarCity Corporation; Groupon

This article appears in: News Headlines

Referenced Stocks: GRPN, SCTY


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