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SolarCity Looks to Raise $200 Million in Bond Offering

SolarCity filed paperwork with the Securities and Exchange Commission to issue up to $200 million in bonds that consumers could purchase directly online. The San Mateo, Calif., business, which sells, leases and installs photovoltaic panels, plans to use the funds to help finance installation of solar energy infrastructure. It will pay out earnings on the bonds through income from its residential, business and government customers. Qualifying investors can purchase bonds starting at $1,000 with varying maturities and interest rates of up to four percent.

This article originally appeared on Recode.net.