SolarCity, BofA create tax equity fund for smaller investors
sustainability.thomsonreuters.com | Posted 28 May 2015
Top U.S. solar installer SolarCity Corp on Thursday said it has partnered with Bank of America on a $200 million fund that will enable smaller investors such as regional banks to finance the company’s residential solar systems.
The move is aimed at bringing new capital into the fast-growing rooftop solar industry and ultimately reducing the cost of that capital, SolarCity’s chief executive, Lyndon Rive, said.
“That will bring many more investors and then more competition, and then that will reduce the cost,” Rive said in an interview… read more>