Solar securitizations have long been eyed as a financing alternative that can lower the weighted average cost of solar energy products for customers. It will also reduce exposure to developers.

Last week Clean Power Finance, Morgan Stanley unit MS Solar Solutions Corp., and Main Street Power Co. announced the creation of MySolar, which is a residential solar lease facility that will offer funding for up to $300 million in projects. Clean Power Finance said that this program is a step toward realizing the potential for the securitization of these assets.

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