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Groupon, SolarCity Team Up on $1 Electricity Promotion

Homeowners will get $400 worth of solar electricity for $1


Groupon (GRPN) and SolarCity (SCTY) are joining forces to create one of the most environmentally-conscious promotions out there.

GrouponFor only $1, homeowners can get $400 worth of free solar electricity in their homes. All you have to do is go to Groupon and choose the SolarCity deal which only costs $1.

SolarCity specializes on installing solar panels on people’s homes for free and customers only have to pay for monthly solar bills. With the Groupon deal, SolarCity will ask about your home to see whether or not the house fits the requirements to have solar panels installed.

If your home has the right attributes, SolarCity will install solar panels on your home and give you $400 worth of free solar electricity. This amounts to about three or four months or free electricity in most homes.

The Groupon promotion runs through August 27.

GRPN stock is down about 2.7% Wednesday afternoon. SCTY stock is down about 1.75%.

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