- SolarCity (OTCPK:SCTY) has partnered with BofA Merrill Lynch (BAC) to form a new investment program for financing an estimated $400M in solar power projects in 2014 and 2015.
- The new residential program follows BofA Merrill's prior commitment to finance more than $200M in commercial solar power projects with SolarCity, and is part of BofA's current 10-year, $50B environmental business goal to advance lower-carbon economic solutions.
- OTCPK:SCTY +0.5%, BAC +0.6% premarket