SolarCity Corporation announced on April 7 that it had closed the second financing within its renewable energy tax equity investment program with Bank of America Merrill Lynch and another investor.

This program will finance approximately $188 million in solar projects, covering the capital cost of the solar equipment and installation, enabling thousands of homeowners to pay for the power the system produces, typically at a lower rate than their local utility charges.

Separately, on April 6, SolarCity announced that it had closed a new $150 million non-recourse financing facility with Credit Suisse to support deployment of commercial solar energy systems, including battery storage systems, for businesses, schools and government organizations across the U.S.

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Solar   SolarCity   Finance   Storage  

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