A Solar and EV Marriage Made in Heaven? SolarCity and BMW Form Powerful Partnership

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SolarCity partners with BMW to offer owners of the new BMW i vehicles exclusive access to SolarCity’s most affordable solar service option. As part of the partnership, BMW i owners receive a 10% discount on SolarCity’s home solar offer with flexible financing options.

SolarCity (Nasdaq:SCTY) and BMW have partnered to offer owners of the new BMW i vehicles exclusive access to SolarCity’s most affordable solar service option. The partnership enables BMW i owners in SolarCity’s territories to power their cars with clean electricity that’s cheaper than what they’re getting from their utility. And it further establishes SolarCity as an agent of change in what CEO Lyndon Rive calls a transformation in how we get our energy, led by distributed solar.

SolarCity’s service will be a feature in BMW’s 360° Electric portfolio of products and services to support the EV lifestyle. 360º Electric embodies BMW’s vision of holistic electric mobility, which extends past the vehicle itself to include the realms of charging infrastructure and home energy use. According to the German car manufacturer, the 360º Electric portfolio will provide services and products to ensure that BMW i drivers have the driving experience expected from a BMW while making every component of electric driving convenient and environmentally sustainable.

“Experience with our MINI E and ActiveE field trials has demonstrated that driving electric is a lifestyle, where customers gain a keen understanding of their driving habits beyond driving and are often inspired to find ways to live more sustainably,” said Rob Healey, BMW’s EV Infrastructure Manager.

“With help from SolarCity, BMW i customers will have the opportunity to maximize the commitment to sustainability. This reinforces the entire concept behind the BMW i3, which is engineered and produced by the most sustainable manufacturing process in the automotive industry,” Healy added.

As part of the partnership, BMW i owners will receive a 10% discount on SolarCity’s home solar offer with flexible financing options. That includes options with no upfront installation cost and 20 years of locked-in solar energy rates. The discount will be available with the purchase of any BMW i vehicle at all participating BMW i Centers in SolarCity’s 14-state service territory.

Rive commented: “This partnership makes the more sustainable fuel option — emissions-free solar electricity — also the more affordable one. By making renewable energy far more accessible and affordable for its customers, BMW is helping to bring clean transportation into the mainstream.”

This announcement follows on the heels of SolarCity’s strong Q3 2013 results. The company reported a quarterly net profit of $3.4M, up from a loss of $38.1M a year ago.

SolarCity is a leader in partnering with car companies to promote both solar and EVs, having recently announced a similar partnership with Pacific Honda.