SolarCity Creates $160 Million Financing Facility for Residential Solar Projects

Image credit:By BrokenSphere (Own work) [CC BY-SA 3.0 ( or GFDL (], via Wikimedia Commons

SolarCity closed a $160 million five-year term facility on Friday, January 22, 2016 with BofA Merrill Lynch KeyBank and Silicon Valley Bank participating in the transaction.

The facility is secured by a portfolio of high quality, long-term customer systems. The financing allows SolarCity to recycle capital to continue growth and will make it possible for SolarCity to continue offering power generated by solar energy systems to customers for less than they pay for utility bills at the time the customer contracts are signed.

About admin

Leave a Reply

Your email address will not be published.