SolarCity Soaks Up $30M

Lee, Michael
October 2008
Red Herring;10/30/2008, p4
Trade Publication
The article reports on the announcement made by solar energy system installer SolarCity that it raised $30 million in funding. The solar startup attracted $25 million from thin-film solar company First Solar and got participation from returning backer Draper Fisher Jurvetson. SolarCity plans to use the funding toward U.S. expansion. SolarCity offers a solar lease program to help offset costs of installing solar systems. Through its program, it will install solar systems at a low initial price.


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