SolarCity says it is expanding its operations to the East Coast with its acquisition of Clean Currents Solar, the solar installation division of Mid-Atlantic-based independent green energy company Clean Currents LLC.
SolarCity will serve Maryland and the District of Columbia from its new operations center in Silver Spring. The company plans to make its first zero-down solar lease available to Maryland and Washington, D.C., homeowners in mid-February.
SolarCity will also invest in Clean Currents LLC, take a minority ownership stake in the company and retain of all the Clean Currents Solar employees who are joining the company as part of the acquisition.
SOURCE: SolarCity
