The news comes as other companies in the rooftop solar service field are maturing and looking to expand, fueled by successes and a popular panel-leasing model. SolarCity announced yesterday it has acquired a solar installer and will expand to the East Coast next month, and Sungevity recently raised $15 million in a third round of financing and is also eyeing the Northeast.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":239438,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,enterprise,","session":"D"}']In addition to its funding news, Solar Universe has also announced new executive hires, including executive vice president of operations Kevin Daugherty, formerly vice president of operations at SolarCity — one of the top players in the field in which Solar Universe is looking to cement a foothold.
Solar has seen healthy growth worldwide and in the U.S. lately, and in some areas, state and federal subsidies and incentives allow startups to offer homeowners rooftop-generated solar power at competitive prices. Solar Universe’s model offers a lease-to-own solar option in addition to the solar leasing widely offered by its competitors. The company describes itself as a network of several independently run installation and service operators.
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