SolarCity Pulls “MyPower” Loan Product

SolarCity has pulled its MyPower loan product off the market, raising doubts for the company that as recently as October 2014 lauded the product as the best thing on the market. Lyndon Rive, the CEO of SolarCity, stated that the replacement will be “ simpler. We want something that’s as (simple) to sell as a PPA instead of the sales team going to PPA as the default option.”