Clean Power Finance, MS Solar Solutions Corp. – a wholly owned subsidiary of Morgan Stanley – and Main Street Power Co. have created MySolar, a residential solar lease facility that will provide funding for up to $300 million in projects.
Zions Energy Link, part of Zions Bancorporation, is the first member of a syndicate of debt providers to the MySolar residential solar lease facility. Clean Power Finance will make the MySolar lease available to homeowners via qualified solar professionals using CPF Tools.
The MySolar lease will initially be available in Arizona and California. MySolar is the third solar finance facility available to Clean Power Finance's national network of solar professionals and brings the total amount of project financing under Clean Power Finance management to approximately $500 million, according to the companies.