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

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

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

To contact the editors responsible for this story:
Reed Landberg at
Will Wade

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us