Founded in 2009 and headquartered in Washington, D.C., Skyline Innovations provides turnkey solar water-heating solutions for buildings that use large volumes of hot water such as hotels, dormitories, multifamily properties, hospitals, and laundries. The company’s model removes the capital barrier for customers by funding the equipment itself and then sharing in the resulting utility-bill savings, guaranteeing clients a fixed percentage of those savings. Skyline’s patent-pending software platform optimizes project design, monitors system performance, and streamlines business operations, allowing the firm to underwrite performance and guarantee customer savings. By combining project financing with real-time performance management, Skyline converts what would be a cap-ex purchase into an off-balance-sheet service contract for building owners. Management positions the solution as both an economic and environmental win, reducing energy consumption while requiring no financial risk from the end user. This operational and technological foundation underpins its ability to attract outside capital for continued project deployment.

Total raised

$40M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2014