SolarCity, Citi Launch New Fund For Residential PV Projects

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SolarCity, a national provider of solar power system design, financing, installation, monitoring and related services, and financial services company Citi have launched a new fund to finance $40 million in residential solar projects this year.

This is the first collaboration between SolarCity and Citi, and Citi's first investment in residential solar power, the companies note. SolarCity will use the new fund to provide SolarLease options to homeowners who install solar panels on their homes.

SOURCE: SolarCity

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