SolarCity and American Honda Motor Co. Inc. have entered into a partnership designed to make solar power more affordable and available to Honda and Acura customers in the U.S.
The partnership establishes a $65 million investment fund to finance $65 million in solar projects to assist Honda and Acura customers with the initial cost of solar power installation. SolarCity and Honda expect to be able to accommodate thousands of interested homeowners in the fund.
Honda and Acura dealerships in SolarCity's service territory may also be able to take advantage of the offer to install affordable solar power through the partnership, the companies add. Honda and SolarCity will also explore opportunities to integrate solar power and electric vehicle recharging.