Solarcity Seeks To Expand Solar Market With Loans
Solar’s failure to spread across the United States, according to renewable energy advocates, lies not with flaws in technology or lack of sun, but in the scarcity of financing. On Wednesday, the nation’s largest provider of rooftop solar systems, SolarCity, tackled that problem head-on, announcing it will now act as direct lender to customers and offer low-interest loans to finance solar energy installations. The company’s new financing option, MyPower, lets homeowners own the solar panels without the upfront costs that can top $30,000 for a mid-sized home system....