Wednesday, May 1, 2013

Honda SolarCity will partner on solar energy installments

Honda, SolarCity will partner on solar-energy installments For the longer term, the companies say theyll work on ways to further the possibilities for drivers of plug-in vehicles like the Honda Fit EV and the Accord Plug-in Hybrid to charge their cars via sunlight. Check out the press release below.

Honda, SolarCity will partner on solar-energy installments

Honda, SolarCity will partner on solar-energy installments

Add Honda to the list of companies that Elon Musk is partnering with. This time, though the CEO of Tesla Motors is not involving his electric car company, but instead the home solar-panel installation company SolarCity, chaired by Mr. Musk, which will work with the Japanese automaker to increase the number of installations at homes and dealerships throughout SolarCitys 14-state territory.

Honda, SolarCity will partner on solar-energy installments

The two companies are starting a $65-million fund to be used to partially subsidize installation of solar-panel systems at Honda dealers and at the homes of Honda and Acura drivers. The companies plan on working with "hundreds" of Honda dealerships and "thousands" of homeowners. SolarCity says its systems can cut homeowners utility bills by reducing power demands from the grid.

Honda, SolarCity will partner on solar-energy installments