Shea Homes® and SolarCity Celebrate Another Milestone with More Than 2,000 SheaXero No Electric Bill™ Homes

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Environmental impact of SheaXero Homes equals planting more than 14 million trees, Saving more than 1.5 billion gallons of fresh water*

SAN MATEO, Calif., – Trilogy® by Shea Homes Active Lifestyle® Communities, the award-winning builder of resort communities, and SolarCity (Nasdaq: SCTY), the nation’s largest solar provider, are celebrating the sale of more than 2,000 SheaXero No Electric Bill Homes powered by clean, renewable solar electricity. SolarCity and Shea Homes currently offer solar power together in 11 Trilogy communities in five states to date.

The companies estimate that the cumulative environmental impact made by the first 2,000 SheaXero homes over the next 20 years equals planting more than 14 million trees and taking more than 30,000 cars off the road.* The SheaXero homes alleviate more than carbon emissions and actually help conserve water as well. The homes will save more than 1.5 billion gallons of fresh water over the next two decades that would otherwise be consumed to produce electricity from fossil fuel or nuclear sources.*

SheaXero homes typically produce as much energy as they use. The home’s custom solar power systems and more than 15 other energy-efficient features help to reduce homeowners’ budgets by essentially removing electricity costs. The SheaXero features are available in all Trilogy communities across the nation, and in most cases at no additional charge.

SheaXero is available in Arizona, California, Florida, Nevada, and Washington. To learn more, please visit http://www.trilogylife.com/sheaxero/ or call (800) 685-6494.

SolarCity works with Shea Homes and more than 100 homebuilders across the United States. To learn more about SolarCity’s new homes program, please visit www.solarcity.com/homebuilder.

 

About Trilogy and Shea Homes Active Lifestyle Communities™

Trilogy and Shea Active Lifestyle Communities are high-end resort communities offering a new choice in living to those looking for an exciting lifestyle that revolves around wellness, exploration, continued learning and close personal connections. Architecturally superior product design and amenities reflect the changing needs of the baby boom generation, including business services, world-class clubs, state-of-the-art fitness facilities and a diverse range of recreation and education opportunities. Trilogy is committed to addressing boomers’ growing concern about the environment and energy usage, and now offers SheaXero No Electric Bill Homes™ across its portfolio, eliminating electric bills and delivering substantial savings to home owners while significantly reducing each home’s carbon footprint. SheaXero has resonated strongly with Baby Boomers, selling over 2,000 homes nationally since debuting the product in the spring of 2013. Trilogy was just named #1 Most Trusted Resort Community Builder for the second year in a row in the Lifestory Research Most Trusted Builders in America Study SM. More information about resort communities at Trilogy is available by visiting TrilogyLife.com or calling (800) 685-6494.

About Shea Homes

Shea Homes is one of the oldest and largest private homebuilder in the nation.  Shea Homes has closed in excess of 86,000 homes. Shea Homes builds homes that deliver quality craftsmanship and design that best fit varied lifestyles and budgets. Over the past several years, Shea Homes has been recognized as a leader in customer satisfaction with a reputation for quality, design and service. For more about SheaXero Homes and Trilogy by Shea Homes communities, visit TrilogyLife.com.

 

* Environmental calculations based on the average system size for SheaXero Homes and average first year energy production, calculated over the 20 year contract lifetime with data from the National Renewable Energy Laboratory and Environmental Protection Agency.

 

This release contains forward-looking statements including, but not limited to, statements regarding expected savings, environmental offsets, and assumptions relating to the foregoing. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled “Risk Factors” in our annual report on Form 10-K, which has been filed with the Securities and Exchange Commission, which identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About SolarCity

SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 15 states and signs a new customer every two minutes. Visit the company online at www.solarcity.com and follow the company on & .

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