SolarCity Corp., which employs more than 500 in the Sacramento area, on Wednesday launched what it calls the nation’s first registered public offering of solar bonds.
The nation’s No. 1 solar installer touted the offering as a simple way for individuals nationwide to invest in clean energy.
The company said it filed Wednesday with the federal Securities and Exchange Commission to initially issue up to $200 million in solar bonds initially, and it launched an investment site at solarbonds.solarcity.com to make bonds available to consumers.
Investors can purchase solar bonds for as little as $1,000, with maturities ranging from one year to seven years, and interest rates of up to 4 percent.
Last week, San Mateo-based SolarCity launched a loan program that lets homeowners buy their rooftop solar systems. That program, which enables consumers to take out a 30-year loan and pay it back based on the electricity generated by their solar panels, sent ripples throughout thesolar industry.
Call The Bee’s Mark Glover, (916) 321-1184.