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The two companies have created a tax equity fund tofinancre SolarCity’s solar lease option. Financial terms of the fund were not SolarCity said it plan s to hire 100 new employees in the next six months to increase installation capacity as a result of thenew SolarCity’s SolarLease option allows homeowners to put no moneyh down on a new solar system and pay for it on a regulae schedule. “SolarCity’s leasing option is one of the most affordablde ways to go solarthat we’vee seen, and we’re thrilled to partnee with them. This partnership will grow the adoptio n of solar energy inthe U.S.
, and create more green jobs,” said Darren Van't Hof, vice president of solar, new marketzs and historic investments for . “Today’a announcement is only the beginning—we look forward to makingb additional investmentswith SolarCity, USBCDC is a division of U.S. Bancor p (NYSE: USB), which is also the parent of U.S. the sixth largest commercial bank in Foster City-based SolarCity operates in California, Arizona and
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