U.S. Bancorp and SolarCity Announce New $158 Million Fund to Finance Solar Projects

Introduction

SAN MATEO, Calif., June 1, 2011—SolarCity®, a national leader in solar power system design, financing, installation, monitoring and energy efficiency services. For they announced the creation of a new fund. One to finance an additional $158 million in commercial and residential solar projects in 2011. That’s in partnership with a subsidiary of U.S. Bancorp (NYSE: USB). In addition, the $158 million fund increases SolarCity’s total solar project financing funds to more than $1 billion. I mean the company now has more than 14,000 solar customers.

Finance solar solarcity

U.S. Bancorp finance solar

“U.S. Bancorp continues to be a proven leader in solar project financing,” said Benjamin Cook, SolarCity’s vice president of project finance. “SolarCity has already created more than $1 billion in solar financing capacity through fourteen funds with six partners, and we are just getting started.”

Solar PPA

SolarCity will use the new fund to finance its SolarLease® and power purchase agreement (SolarPPA™) offerings. SolarCity’s affordable financing options make it possible for customers to save money by installing solar, because homeowners and businesses can pay less for solar than they currently pay for electricity from their power company.

The new fund will allow SolarCity to continue extending its offering to additional parts of the U.S. The company currently operates out of 24 operations centers in Arizona, California, Colorado, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas, and Washington D.C. Businesses and homeowners interested in SolarCity’s affordable financing options can contact the company directly at 1-888-SOL-CITY (1-888-765-2489) or visit http://www.solarcity.com.

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The PB&J Campaign Celebrates Earth Day (April 22nd) and the Positive Environmental Impact of a PB&J.
Have greener sex this Earth Day and up to $10K will go to Carbonfund.org to celebrate. It's pretty easy: follow We Vibe on Twitter @ms_wevibe and for each new follower, they'll donate $5, up to $10K total to Carbonfund.org. Also check out five tips on how to be eco-sexier and have 'greener sex' below. Details: Standard Innovation Corporation, the company behind the We-Vibe – the fastest-selling sexual health product of its type in history, announced a charitable campaign to combat global warming this Earth Day, April 22, 2011. The company will donate $5 to Carbonfund.org for every new person who follows @Ms_WeVibe on Twitter or likes the We-Vibe Facebook page between now and April 22 to report that eco-friendly sex is important to them. “It's our way of offsetting the carbon generated from all that extra heavy breathing – and then some,” jokes Danny Osadca, We-Vibe company CEO. “We have always been a carbon-neutral provider of body-safe and eco-friendly products and this is an extra tip of our hat to Mother Nature.”
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