The $158m fund increases SolarCity’s financing funds to more than $1bn.
SolarCity will use the new fund to finance its lease and power purchase agreement offerings as it continues to expand to new states.
The company said that its financing options make it possible for its customers to save money by installing solar systems.
SolarCity’s vice president of project finance said the company has created more than $1bn in solar financing capacity through fourteen funds with six partners.
