Pacific Gas & Electric (PCG)

Pacific Venture Capital, a subsidiary of PG&E, will provide $60 million in tax equity financing for the installation of 1000 solar power systems on residential and commercial buildings.
The investment will allow SolarCity to use its SolarLease® and power purchase agreement financing options where building owners adopt solar energy with no upfront investment. In return for providing the upfront investment for the solar power systems, Pacific Venture Capital will receive lease revenues from SolarCity customers, along with the benefits of federal investment tax credits and local rebates for solar energy projects.

Feb 11 · 3:11:00 PM · Source: Renewable Energy Focus
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by Michael Oliveto