SolarCity Corp : Coventry Homes and SolarCity Offer Solar Power Option in Dallas-Fort Worth Area

DALLAS, Texas - Nov. 22, 2013 - Coventry Homes is enhancing its environmentally responsible building initiatives with SolarCity (Nasdaq: SCTY), a leading provider of clean energy, to offer solar in the Dallas-Fort Worth Area - a first in Coventry's history.

Coventry Homes, the luxury homebuilder brand of the McGuyer Homebuilders Inc. (MHI) family, will provide solar services at their new Creekside at Ridgeview community in Allen, Texas to give homebuyers a simple solution to help save money on their electric bills while utilizing clean, renewable energy. This new community builds upon SolarCity's existing partnership with MHI in the San Antonio, Texas-area to provide solar energy to their Woodside Village community.

"We are proud to be a leader in the green sustainable living movement and to be one of the first production builders in the Dallas/Fort Worth metroplex to offer solar," said Terri Hayley, Division Sales Manager for Plantation and Coventry Homes. "The collaboration with SolarCity will bring renewable solar energy to Creekside at Ridgeview, further enhancing our efforts to build beautiful, comfortable homes that leave a minimal footprint on the environment."

Coventry Homes are built to EcoSmart standards that incorporate cost-saving and energy efficient features into environmentally responsible, LEED-certified homes. Not only do EcoSmart standards look to improve the comfort of a home by optimizing insulation and heating and cooling systems, but they also feature ENERGY STAR-rated appliances, water-efficient plumbing and other cost-saving solutions like solar energy. Coventry Homes already offers energy performance guarantees as a standard for all EcoSmart homes for two years, but for homeowners that opt for clean energy with SolarCity, their solar electricity rates are locked-in for two decades.

"SolarCity is thrilled to provide MHI homebuyers with the option to choose clean, renewable energy yet again," said Walter Cuculic, SolarCity's national manager of Builder Programs. "With SolarCity, homebuyers can realize savings on their energy bills from day one, making the choice to go solar a true no-brainer."

Homeowners can save thousands over the life of their solar system, and individual savings are based on system size, the homeowner's current electricity usage and the orientation of each home. To maximize savings and efficiency, SolarCity custom designs and installs each solar system and offers real-time monitoring and a personalized MySolarCity Web portal to allow homebuyers to view their electricity consumption and solar system energy production online. Solar options at the new Creekside at Ridgeview community include 2, 4, or 6-kilowatt solar systems.

With an extensive selection of floor plans, Coventry Homes at Creekside at Ridgeview offers homebuyers the flexibility to enjoy customized, efficient, and environmentally-friendly homes. The community includes hiking and biking trails connecting to the award winning city of Allen trail system with over 40 miles of paved trails. With easy access to major highways, the community is just minutes away from all the shopping, dining and entertainment options North Texas has to offer. Coventry Homes at Creekside at Ridgeview features luxury homes that start in the $360,000s.

Interested homebuyers who would like to learn more about solar can visit the Coventry Homes model home featuring a SolarCity installation at Winding Creek Estates, at 12595 Valley Spring Dr. in Frisco, Texas.

About Coventry Homes

Coventry Homes is an integral part of a group of companies including Plantation Homes and McGuyer Homebuilders, Inc. The original founders continue to manage the company, leading a team of top professionals in architecture, construction, land, finance and customer service. Coventry Homes has won numerous local and state awards for best product design and has been building in Texas for 25 years, with current programs in Houston, Dallas-Fort Worth, Austin and San Antonio. For the last two years, MHI has also been honored with an award from the National Association of Homebuilders for the "best green building program" in the Dallas-Fort Worth metroplex. For more information, visit www.coventryhomes.com and follow the company on Facebook & Twitter.

About McGuyer Homebuilders, Inc.