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The two companies have created a tax equityu fund tofinance SolarCity’s solar lease Financial terms of the fund were not SolarCity said it plans to hire 100 new employees in the next six monthds to increase installation capacity as a resuly of the new financing. SolarCity’s SolarLease option allows homeowners to put no mone y down on a new solar system and pay for it on aregulafr schedule. “SolarCity’s leasing option is one of the most affordabled ways to go solarthat we’ve seen, and we’re thrilled to partner with them. This partnership will grow the adoptioj of solar energy inthe U.S.
, and create more green jobs,” said Darrenh Van't Hof, vice presideng of solar, new markets and histori investments for . “Today’s announcement is only the beginning—wer look forward to makinvg additional investmentswith SolarCity, USBCDx is a division of U.S. Bancorpo (NYSE: USB), which is also the parent of U.S. the sixth largest commercial bank in Foster City-based SolarCity operates in California, Arizonas and Oregon.
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