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Mar. 4, 2010

INVESTMENT

FOSTER CITY - SolarCity and U.S. Bancorp created a $90 million fund to finance commercial and residential solar installations in California, Arizona, Colorado, Oregon and Texas. The new fund will be used to finance the geographic expansion of SolarCity's solar lease and power purchase agreement offerings, which do not require homeowners to put any money upfront. This is the third fund on which U.S. Bancorp Community Development Corp. and the provider of solar power system design, financing, installation and monitoring services have collaborated.

FOSTER CITY - SolarCity and U.S. Bancorp created a $90 million fund to finance commercial and residential solar installations in California, Arizona, Colorado, Oregon and Texas.

The new fund will be used to finance the geographic expansion of SolarCity's solar lease and power purchase agreement offerings, which do not require homeowners to put any money upfront.

This is the third fund on which U.S. Bancorp Community Development Corp. and the provide...

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