SolarCity isn’t content with being just an installer of solar panels on rooftops. The company, which reportedly has plans to go public, has expanded beyond solar to a broader set of energy-related services, including upgrading air conditioners and insulating air ducts.
Solar service provider Sungevity under went some serious expansion in 2011 as it began to target the East Coast and overseas, and lined up Lowe’s as an investor and partner. Now following that growth, the startup has started raising a new funding round of $40.8 million.
Let’s face it. For cleantech, at least in the U.S., this year was kindof a bummer. But that’s what New Year’s resolutions and wishes are for: turning a new page when the year starts over. Here’s what I want from cleantech in 2012.
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.
Google is investing millions of dollars into its second fund that will go toward installing solar panels on rooftops. On Tuesday Rick Needham, Google’s Director of Green Business Operations, announced that Google will invest $75 million into a solar fund for startup Clean Power Finance
Clean Power Finance, a solar software and financing startup, has raised $19 million from investors, according to a filing. Investors listed on the company’s filing include Kleiner Perkins Caufield & Byers Partner Ben Kortlang, and Claremont Creek’s Nat Goldhaber.
More solar panels are sprouting from the rooftops these days, along with an increasing number of equipment models and installers. Yet there is no good consumer guide to help people compare shop and avoid scams. The time has come to create one.
Persuading consumers to pay for solar is a tough challenge. A solar electric system commands the cost of a new car but, unlike a car, it isn’t necessary. Solmentum, a more recent entrant, says it’s found a more efficient approach to reeling in customers.
Big box stores have tried to market solar electric equipment and installation services for years, but they haven’t seen good results. Lowe’s is hoping to change that by offering services from Sungevity and investing in Sungevity.
Solar equipment installers and manufacturers have pointed out for some time now the hassles of dealing with disparate permitting rules and costs from one city or county to the next. A new report highlights this challenge in Colorado, where a bill is pending to cap fees.