Tag Archives: bac

SolarCity Expands Pool Of Solar Financing Investors

Continuing efforts to expand residential solar energy growth, SolarCity (SCTY) announced a new investment financing plan that opens up a new pool of investors. SolarCity announced a partnership with Bank of America (BAC) for a $200 million tax equity investment program that will enable community banks and smaller investors to finance the company’s residential solar systems. The program, which BofA is set to manage, will be used to help homeowners

SolarCity Deal With Bank Of America Sends Stock Up

SolarCity (SCTY), the No. 1 residential solar installer, and Bank of America on Thursday announced a partnership to finance $400 million in solar power projects next year. SolarCity was up nearly 4% in midday trading in the stock market today, near 52. Bank of America Merrill Lynch (BAC) stock was up more than 1%, near 18. The new financing will let thousands of U.S. homeowners who are customers of the San Mateo, Calif.-based company install solar