US Bancorp (USB) and privately held SolarCity have doubled the size of their fund to $100 million for financing solar projects in 2009.  In June this year, U.S. Bancorp Community Development Corporation, a unit of U.S. Bancorp and SolarCity entered into an agreement to install solar electric panels on homes and businesses in California, Oregon and Arizona for customers who do not prefer to pay the upfront cost of buying and installing a solar energy system.  Financing solar installations is attractive for investors like banks as they can enjoy tax breaks including a solar tax credit. The federal tax credit is equivalent to 30% of a project's cost. SolarCity could also apply for the cash equivalent of the tax credit from the U.S. Department of Treasury.  U.S. Bancorp Community Development Corporation (USBCDC) has assets over $5.5 billion and is the largest New Markets tax credit ...

Suntech Power Holdings Co., Ltd. (NYSE: STP) one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced Suntech's participation in a solar-energy system constructed for the roof of the town hall in Genk, Belgium.