Pacific Energy Capital II, LLC, a subsidiary of PG&E c and SunRun, has announced a financing agreement to fund SunRun’s solar installations at more than 3,500 new homes across the US.
Under the $100m tax equity agreement, Pacific Energy will provide financing for the rooftop energy systems and both parties will receive payments from SunRun customers. SunRun will manage the projects.
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Solar systems funded under the agreement are expected to be installed this year and next in at least five states including Arizona, California, Colorado, Massachusetts and New Jersey.
