SolarCity (SCTY) on Wednesday plans to roll out what it calls “America’s most affordable solar loan.” The No. 1 U.S. residential solar installer says its MyPower loan lets customers have low upfront costs and earn immediate energy-bill savings for sun-generated power that their solar systems produce, while retaining ownership of their solar panels. San Mateo, Calif.-based SolarCity, which is chaired by Tesla (TSLA) founder Elon Musk, says its
SolarCity (SCTY) on Wednesday plans to roll out what it calls “America’s most affordable solar loan.” The No. 1 U.S. residential solar installer says its MyPower loan lets customers have low upfront costs and earn immediate energy-bill savings for sun-generated power that their solar systems produce, while retaining ownership of their solar panels. San Mateo, Calif.-based SolarCity, which is chaired by Tesla (TSLA) founder Elon Musk, says its
SolarCity, the No. 1 residential solar installer, saw competition heat up with Wednesday’s stock market debut of a top rival. Vivint Solar (VSLR) priced at 16 late Tuesday — the low end of its anticipated range — and closed its first trading day a penny higher. It raised $330 million and has a market value near $1.7 billion, vs. SolarCity’s (SCTY) $5.25 billion. SolarCity, whose chairman is Tesla Motors (TSLA) CEO Elon Musk, and Blackstone Group