SolarCity plans on producing $0.50/Watt solar modules with at least 20% efficiency
Yesterday SolarCity released a SEC filing listing the milestones its co-founders need to achieve to vest tranches of shares of their new performance-based compensation plan. The milestones reveal some ambitious goals for the solar installer.
For example, the first milestone is to achieve a cost of production of $0.50/Watt for solar modules with at least 20% efficiency. Expand