SolarCity IPO reveals Federal investigation of large installers

SolarCity’s long-anticipated IPO registration, filed last week, revealed that the U.S. Department of the Treasury in July began an investigation into whether large installer companies have been overvaluing PV arrays financed under the 1603 grant program. SolarCity press release: SOLARCITY Files Registration Statement for Proposed Initial Public Offering SAN MATEO, Calif., Oct. 5, 2012— SolarCity [...]