Solar Panel Co. To Pursue Retail Investors Via Web App

Law360, New York (January 15, 2014, 1:55 PM EST) -- SolarCity, which installs residential solar panels, will try to raise money from retail investors by letting individuals buy in through a new web application, the company said Wednesday.

The move is supposed to offset the price of the panels' installation, according to the company. In connection with the new platform, SolarCity has acquired Common Assets LLC, a the developer of the software to be used, for an undisclosed amount.

“People want to support clean energy development. Customers are seeing the benefits of getting solar for their...
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