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>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Alberta's Oil Workers Are Shifting To Renewable Energy Jobs

But many workers can expect to take a pay cut.

Details »

Could ethical investing help ease Vancouver's affordability crisis?

UBC report suggests foreign investors could play a role in creating more affordable rentals

Details »

More Evidence of Solid Performance From Sustainable Funds

Investors in funds that incorporate environmental, social, and governance factors into their process appear not to suffer a performance penalty.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association