Under the agreement, SolarCity will purchase a minimum of 100 MW and up to 240 MW of REC's high quality, high-performing Peak Energy solar panels during a 12-month period beginning in Q4 2014. SolarCity plans to install the solar panels across its 15-state service territory. REC and Zep Solar entered into a technology licensing agreement earlier this year, and the solar panels are compatible with SolarCity's Zep Solar mounting system.
In today’s statement, SolarCity and REC executives called out the trade compliance and tariff-free nature of the panels. This is significant given the concerns being expressed about the recent developments in the U.S.-China solar trade wars. With the U.S. imposing “anti-China solar subsidy tariffs,” the promise of tariff-free panels is good news for SolarCity, though perhaps worrisome to the company’s Chinese panel suppliers.
"The availability of competitively priced, U.S. trade-compliant PV modules is an important development for the global solar industry," said Tanguy Serra, SolarCity's chief operations officer. "REC delivers high-performance modules with excellent resistance to degradation, all with a responsible environmental footprint."
"REC Group is excited to partner with SolarCity, extending our presence in North America's rooftop generation markets," said Arndt E. Lutz, REC Group's senior vice president. "Our high quality, tariff-free, bankable solar modules are an excellent fit for the United States' largest solar power provider."