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Kilowatt Financial Secures $200M Debt Facility With Citi To Finance Residential Solar

Monday, May 04 2015

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Solar in the News
Kilowatt Financial, a clean energy consumer finance company, has closed a $200 million debt warehouse facility with Citi to finance residential solar power systems.
 
The transaction enables Kilowatt to expand its lending program, which offers loan terms of up to 20 years for homeowners to install photovoltaic power systems with no money down. Ultimately, Kilowatt and Citi expect to create asset-backed securities from the loans and to develop a market for institutional investors to provide long-term, low-cost capital to finance residential solar power.