Statement from SolarCity Chief Policy Officer Jon Wellinghoff on the Recommendation of the Chair of the Distributed Generation & Storage Technical Advisory Committee of the Nevada New Energy Industry Task Force

SAN FRANCISCO, July 1, 2016 /PRNewswire/ -- SolarCity Corp. (Nasdaq: SCTY) Chief Policy Officer Jon Wellinghoff made the following statement on the recommendation of the Chair of the Distributed Generation and Storage Technical Advisory Committee to the Governor's New Energy Industry Task Force:

"We thank Chairman Jeremy Susac for his proposal to extend net metering, and applaud his leadership in proposing tangible solutions to bring solar back to Nevada.  As the Chairman acknowledged, under the new rates the solar industry is 'drowning' and is unable to do business in the state. We're grateful the Task Force recognized the urgent need to grandfather existing net metering consumers, and we look forward to seeing future proposals that protect consumer choice and allow Nevada to regain its rightful place as a clean energy leader."

About SolarCity
SolarCity (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing solar power 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 makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. 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 proposals to the Nevada New Energy Industry Task Force. 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 most recent 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.

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SOURCE SolarCity

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