Citigroup Provides $200 Million Kilowatt Financial Solar Loans

(Bloomberg) — Kilowatt Financial LLC, a Minneapolis-based
provider of clean-energy financing, arranged a $200 million
credit line from Citigroup Inc. to fund residential solar
systems.

Kilowatt Financial will offer no-money-down loans of as
long as 20 years to homeowners who want to own their rooftop
power systems, the company said Wednesday in a statement.
Closely held Kilowatt Financial and Citigroup plan to securitize
the loans to generate additional capital for future solar
projects.

Terms of Kilowatt Financial’s debt warehouse facility
weren’t disclosed. The company, formed in 2011, last year
received $100 million from Citigroup for consumer energy-efficiency projects.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade

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