Tag: solarcity

  • SolarCity sets up shop in Western Pennsylvania

    SolarCity is now making its solar service available to homeowners in Western Pennsylvania for the first time. SolarCity will make it possible for many of the region’s one million plus residents to install solar with no upfront cost and pay less for solar electricity than they pay for utility power.Read More — Solar Builder magazine

  • Two top solar installers announce new financing deals this week

    SolarCity Corp. and Vivint Solar both had announcements on new financial vehicles this week. The details: SolarCity SolarCity closed a new tax equity fund to finance over $131 million in residential, commercial and military solar projects. The financing partner was not disclosed. The fund covers the capital cost of solarRead More — Solar Builder magazine

  • SolarCity readies solar+storage system for Kaua’i Island Utility Cooperative

    SolarCity is going to install a first-of-its-kind solar array and energy storage system for Kaua’i Island Utility Cooperative (KIUC). And you’re not going to believe this, but the Elon Musk company has selected Tesla Energy to supply the batteries. SolarCity says it made the selection after conducting a comprehensive competitiveRead More — Solar Builder magazine

  • Another solar win: California keeps net metering rates

    Outside of Nevada, the solar industry seems to be winning contentious debates left and right. Maybe the most major of these debates was taking place in California and, of course, concerned net metering. The margin was narrow, but in a 3 to 2 vote, California’s Public Utilities Commission upheld the netRead More — Solar Builder magazine

  • SolarCity completes first securitization of distributed solar loan assets

    SolarCity Corp. completed its first securitization of distributed solar loan assets, the company’s fifth securitization transaction to date. SolarCity completed a private placement in the amount of $185 million—$2.89 per watt of generation capacity in the portfolio—with a blended coupon interest rate of 5.17 percent and a blended yield rateRead More — Solar Builder magazine