Solar panel rooftop startup Sungevity raises a whopping $125 million

Following the IPO of solar installer SolarCity last month, Sungevity announced that it’s raised $125 million in a combo of equity and project financing. The company does sales, marketing, system design, and financing for home solar panel systems, which saw a boom year in 2012.

Investors enamored with rooftop solar

The solar market has been marked by falling profits and controversial federal government loans this year, but one bright spot is the growth of the residential and small commercial solar sector in which investors are setting up more funds to financial installations.