Cheshire, CT – (RealEstateRama) — The Justice Department announced today that SolarCity Corporation (SolarCity) has agreed to pay $29.5 million to resolve allegations that it violated the False Claims Act by submitting inflated claims on behalf of itself and affiliated investment funds to the U.S. Department of the Treasury (Treasury) pursuant to Section 1603 of the American Recovery and Reinvestment Act of 2009 (Section 1603). As part of the settlement, SolarCity and its affiliates will also release all pending and future claims against the United States for additional Section 1603 payments. SolarCity was purchased by Tesla Motors Inc. in November of 2016, after the alleged conduct at issue in this case. "The Section 1603 Program subsidized the renewable energy industry through cash grants to cover legitimate costs of renewable energy properties," said Acting Assistant Attorney General Chad A. Readler of the Justice Department's Civil Division.