SolarCity, the nation’s largest solar power provider, is launching its service for existing homes in Nevada, the company announced Thursday.
It is also gearing up to add 400 employees to its current count of 400, making Nevada its largest of 14 locations nationally.
SolarCity opened a Las Vegas office in August 2013 but until now has only installed solar panels on new homes.
The company will begin taking orders Thursday and the first installations will begin in October or November.
“The service being offered is selling solar energy,” said CEO Lyndon Rive. “It’s the same way you buy energy today, it’s just cheaper and cleaner.”
SolarCity does not charge for technology or hardware, only electricity.
It allows customers to lock in rates for 20 years. The current price is 10 cents per kilowatt-hour.
Nevada’s average electricity cost was 12.03 cents per kilowatt-hour in February 2014, according to the U.S. Energy Information Administration.
“My fuel cost is the sun,” Rive said. “I don’t pay for that. It’s just the cost of equipment, which I’ve already paid for. Nothing’s going to surprise me.”
SolarCity’s chairman is Elon Musk, who is also behind SpaceX, PayPal Inc. and Tesla Motors.
This is a developing story. Check back for updates.
Contact reporter Kristy Totten at firstname.lastname@example.org or 702-477-3809. Follow her on Twitter: @kristy_tea.