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The two companies have createcd a tax equity fund tofinance SolarCity’es solar lease option. Financial termz of the fund were not SolarCity said it plans to hire 100 new employees in the next six monthw to increase installation capacity as a resultt of thenew SolarCity’s SolarLease option allows homeowners to put no moneyh down on a new solar systejm and pay for it on a regular schedule. “SolarCity’ss leasing option is one of the most affordable ways to go solafrthat we’ve seen, and we’re thrilled to partne with them. This partnership will grow the adoption of solat energy inthe U.S.
, and creatr more green jobs,” said Darren Van'ft Hof, vice president of solar, new markets and historid investments for . “Today’s announcemen t is only the beginning—we look forwar d to making additional investments with USBCDC is a divisionof U.S. Bancorp USB), which is also the parent of U.S. the sixth largest commercial bankin America. Foster City-based SolarCity operates in California, Arizona and
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