Solar Power Inc. signs for line of credit
Solar Power Inc., a vertically integrated solar energy solution provider, has signed a commitment letter with Bridge Bank NA, a subsidiary of Bridge Capital Holdings, for a $3 million asset-based line of credit secured by the company's accounts receivable and customer-assigned utility rebates.
NEW YORK & SAN MATEO, Calif.---SolarCity®, a national leader in solar power system design, financing, installation, monitoring and related services, and Citi, the leading global financial services company, today announced a new fund to finance $40 million in residential solar projects in 2011.