Kilowatt Financial Secures $200M Debt Facility With Citi To Finance Residential Solar

 

The transaction enables Kilowatt to expand its lending program, which offers loan terms of up to 20 years for homeowners to install photovoltaic power systems with no money down. Ultimately, Kilowatt and Citi expect to create asset-backed securities from the loans and to develop a market for institutional investors to provide long-term, low-cost capital to finance residential solar power.