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SolarCity (SCTY), Credit Suisse Enter Agreement to Finance $300M+ of Residential Solar Projects

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SolarCity and Credit Suisse Partner to Finance More Than $300 Million in Residential Solar Projects

October 17, 2016 5:00 PM EDT

SAN MATEO, Calif., Oct. 17, 2016 /PRNewswire/ -- SolarCity Corp. (Nasdaq: SCTY) today announced that it has created a new fund to finance more than $300 million in solar projects with Credit Suisse. The fourth such collaboration between SolarCity and Credit Suisse will allow thousands of homeowners in the U.S. to pay less for solar electricity than they pay for utility bills.

The fund represents... More