SolarCity to announce third solar ABS

Matthew Scully

July 22, 2014 04:45 PM

home solar panel — In this July 30, 2013 photo, student Brad Paisker checks photo-voltaic panels on the roof of the Norwich University solar-powered home in Northfield, Vt. Vermont's Norwich University and Middlebury College are sending their student-designed solar homes to the U.S. Department of Energy Solar Decathlon in California. There are 20 teams from across the globe competing for bragging rights about the best way to use the sun to power houses.(AP Photo/Toby Talbot)(AP Photo/Toby Talbot) | Toby Talbot/AP/Press Association Images

SolarCity, which last November sold the market’s first-ever solar asset-backed security, is preparing to announce a third deal over twice the size of its second issuance in April and four times the size of its inaugural transaction last year.

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Matthew Scully