Some heartening news broke yesterday, at least if you’re a fan or supporter of clean energy and solar power. SolarCity and BoA-Merrill Lynch announced that they have agreed to terms on financing SolarStrong, a billion-plus dollar SolarCity project – the largest in US history – that could double the number of residential solar installations in the US by installing solar power systems on privatized US military housing communities across the country.
SolarCity is partnering with the leading privatized military housing developers in the US to install, own and operate rooftop solar power installations and provide electricity at a lower cost than utilities. The five-year project plan call for as many as 120,000 installations on military housing units expected to produce up to 300 megawatts of clean, renewable electricity. That would easily make SolarCity the largest provider of solar photovoltaic (PV) power in US history, (more…)