Climate Finance | April 29, 2021

PosiGen scores $27 million to bring low-cost solar energy to American households

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 29 — New Orleans-based PosiGen is aiming to make solar energy accessible through low-cost rooftop solar panel leasing and energy efficiency upgrades for low-income households.

The company says it has helped 17,000 customers in Louisiana, Connecticut, New Jersey, New York and Florida switch to clean energy and reduce utility bills since 2010.

It has raised $27 million in a Series D financing round led by SJF Ventures, Kayne Anderson and Activate Capital. PosiGen closed on $33 million in December (see, “Builders Fund backs affordable residential solar firm PosiGen).