To: average joe who wrote (43960 ) 10/12/2013 11:52:02 AM From: Land Shark Read Replies (1) | Respond to of 86355 NEWSMARKETSVIDEOWATCHLISTMENU SolarCity Expects 2014 Installations to Rise Almost 90% By Marc Roca and Christopher Martin October 11, 2013 4:25 PM EDT 3 CommentsFacebook Twitter LinkedIn SaveTap 'Save' toread laterSolarCity Corp. (SCTY), the U.S. rooftop-solar power provider that’s risen fivefold since its initial public offering in December, expects to boost annual installed capacity almost 90 percent next year.SolarCity plans to deploy 475 megawatts to 525 megawatts of photovoltaic projects in 2014, up from an estimated 278 megawatts this year, the San Mateo, California-based company said today in a statement. The stock rose 23 percent to $47.18 at the close in New York, the biggest gain since May 17.Demand is surging for residential solar projects financed by SolarCity and peers including Sunrun Inc. and Sungevity Inc., which install rooftop projects at little to no upfront cost to customers. InCalifornia, the top solar market, 68 percent of new residential projects were installed through these arrangements in the second quarter, up from 48 percent two years earlier, according to the Solar Energy Industries Association.SolarCity installed 78 megawatts in the third quarter, and now has 72,506 power contracts that will provide about $1.74 billion in revenue over their lifetimes. The company owns the rooftop projects and customers sign long-term agreements to buy the electricity. It’s targeting 1 million customers, or 6,000 megawatts installed, within five years.To contact the reporters on this story: Marc Roca in London at mroca6@bloomberg.net; Christopher Martin in New York at cmartin11@bloomberg.netTo contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net2 COMMENTSLog in to add comments Sort by ... Most commented Most liked Newest Oldest Guest18 hours agoYes, he's a troll promoting his TV/Youtube rants. He's a spammer.Do you have moderators on this site? Do they allow self promotions and unsolicited advertisements here?Show 1 repliesRELATED CONTENT»ARTICLEObama Hard-Line Debt Stance Rooted in Anger Over '11 ImpasseARTICLETurkey Cracks Down on CleavageARTICLERepublicans Narrow Demands for Increasing U.S. Debt LimitARTICLEMachines Gauging Your Star Potential Automate HR HiringHow a Car Gets Made... in Just 20 Hours 8 days agoThe $4 Billion All-Night Party Ready to Go Public 5 days agoWhat Makes a Meme a Successful Meme? 9 days agoMeet the World's Most Expensive Racehorse 1 day agoMeet Your New $100 Bill: The Remarkable Facts 5 days agoMassive 118-Carat White Diamond Sells for $30.6M 23 hours agoIs the 'Captain Phillips' Movie Accurate? 1 day agoIntroducing the Car That Thinks for Itself 5 days agoAdvice for Tim Cook From a CEO That Survived Icahn 2 days agoEverything You Need to Know About Janet Yellen 1 months agoBentley's SUV: How Much, How Many, How Cool Is It? 2 days ago Choose News Categories ... Exclusive Worldwide Economy Politics Personal Finance Technology Sustainability Luxury Regions Markets Industries Leaders Entrepreneurs Law Environment Science Arts & Culture Sports Markets Magazine Choose Opinion Categories ... Editorials Commentary World View Jeffrey Goldberg The Ticker Megan McArdle Matt Levine Choose Market Categories ... Overview Americas Europe Asia Americas Europe, Africa, Middle East Asia Pacific DOW FTSE 100 DAX Nikkei 225 Bovespa Stock Futures Commodities Americas Europe, Africa, Middle East Asia Pacific Currency Cross Rates Top U.S. Currency ETFs US Canada Mexico UK Germany Japan Australia Brazil Key Rates Mortgage Rates Savings Rates TOOLSWATCHLIST | STOCK FINDER | VIDEO | TV SHOWS | SAVEDLoginBloomberg Applications | Businessweek.com | Submit Feedback or Tips | Terms of Service | Privacy PolicyView: Mobile Site | Desktop SiteText size: Small | Medium | Large©2013 BLOOMBERG L.P. ALL RIGHTS RESERVED