SolarCity Corp has secured $131m to fund residential, commercial and military solar projects.
The company did not reveal the financing partner for the tax equity fund.
It said the fund will cover the capital cost of solar equipment and installation.
SolarCity executive vice president capital markets Radford Small said: “This is the second tax equity fund we’ve closed during the first quarter as we continue our cash generation post-ITC extension and plan to continue our momentum.”
Image: sxc
SolarCity secures $131m
Tax equity fund for residential, commercial and military solar projects
By EBS