SolarCity today announced a strategic partnership with Incapital, a leading distributor of securities to financial institutions and investment advisors including many of the nation’s largest brokerage firms, to expand the availability of Solar Bonds for investors across the U.S.
As a result of this strategic partnership, investors are able to purchase Solar Bonds through their brokerage and IRA accounts at many major financial institutions for the first time.
In October 2014, SolarCity launched the nation’s first registered offering of Solar Bonds, allowing individual investors to participate in the rapid growth of solar power in the U.S. with the controlled risk of bonds.
The earnings on Solar Bonds come from SolarCity and the monthly solar payments the company receives from its more than 190,000 customers.
Offering interest rates as high as 5.45 percent, the bonds offer a competitive alternative to other savings and investment products—such as savings accounts, CDs, treasury bonds, and municipal bonds—and meet a growing appetite for investment opportunities that are both financially attractive and support important goals such as protecting the environment and creating American jobs.
To learn more, visit solarbonds.solarcity.com.
Source: SolarCity, Incapital to Make Solar Bonds Available to More Than 500 Financial Institutions Press Release by Solar City. Featured Image Credit: SolarCity.