Westinghouse Solar Gets $100 Million for Home Solar Loans

Westinghouse Solar, a unit of Sydney renewable-energy developer CBD Energy Ltd., got $100 million in financing to lend to customers seeking residential rooftop solar systems.

The financing will allow customers to install solar panels at no upfront cost, New York-based Westinghouse Solar said today in a statement. The source of the financing and other details weren’t disclosed.

“We continue to report solid traction in our U.S. growth strategy and this arrangement with an established finance provider will allow our Westinghouse Solar customers to install and own their own system,” Gerry McGowan, executive chairman of CBD Energy, said in the statement. “This product will provide the company with significant sales and growth opportunities.”

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