SolarCity secures funds for commercial solar and storage systems

LinkedIn
Twitter
Reddit
Facebook
Email

SolarCity’s commercial rooftop mounting solution, ZS Peak. Image: SolarCity.
US residential installer SolarCity has closed US$150 million of financing to fund the deployment of commercial solar and storage systems.

The facility, provided by Credit Suisse, will be securitised against a portfolio of commercial installations and the associated contracts.

The company said it will install the systems for businesses, schools and public sector organisations.

“Our asset portfolio enables us to continually bring in new capital from top tier institutional and corporate investors,” said Jeff Munson, director, structured finance, SolarCity. “Additionally, our proprietary, in-house technology provides us competitive advantages that have led us to become one of the top commercial solar providers in the US,” he claimed.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The systems will include deployment of the company’s ZS Peak, East-West flat roof mounting structures made under the Zep Solar brand which was bought by SolarCity in 2013, along with the company’s DemandLogic battery management platform, used by businesses to cut the demand charge portion of their electricity bills.

Credit Suisse is the sole structuring agent on the deal, reprising its role from SolarCity’s previous rounds of securitisation of residential contracts.

DemandLogic readout. Image: SolarCity.

Read Next

August 29, 2025
The Australian government has opened two CIS tenders in Western Australia, targeting 2.4GWh of energy storage and 1.6GW of renewables.
August 27, 2025
“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.
August 26, 2025
After an initial rush to deploy that gave CAISO and ERCOT the lead in US BESS adoption, both markets are focused on capacity and availability, writes Amit Mathrani of Rabobank Americas.
August 26, 2025
BESS developer Pacific Green Technologies has secured a AU$77 million (US$49.9 million) debt facility for projects in Australia.
August 26, 2025
“We’re expecting the results of the Capacity Investment Scheme (CIS) Tender 3 in the coming weeks,” Thimo Mueller, general manager, commercial at ASL, said in the opening keynote of the Battery Asset Management Summit Australia 2025 this morning.

Most Popular

Email Newsletter