Led · Debt Financing · Jan 2019

PosiGen installs and finances solar and energy-efficiency upgrades for homeowners in underserved communities, operating as a certified Public Benefits Corporation. The company has installed nearly 30,000 solar systems and generated over 645,000,000 kWh from solar panels since founding. PosiGen reports it has saved homeowners more than $65.9 million through its solar and energy-efficiency programs. With additional capital from Brookfield, PosiGen plans to scale its business and extend its savings-guarantee model to more households without regard to FICO score or income thresholds. The new funding is positioned as working capital to expand deployment and support continued growth of its Solar for All efforts. PosiGen offers residential solar and energy efficiency through a unique solar leasing model that removes barriers for low- and moderate-income homeowners by operating without restrictive income requirements or credit score minimums. The company pairs solar installations with energy efficiency upgrades and has completed more than 25,000 solar energy systems and 20,000 energy efficiency upgrades for nearly 22,000 families as of March 2023. PosiGen customers have produced nearly 570,000 MWh of electricity and saved an estimated $66 million on their utility bills to date. The company operates in multiple states and Washington D.C., and the PosiGen family includes more than 600 direct employees. With recent financing, PosiGen plans to deploy thousands more systems and upgrades in underserved communities to reduce energy burdens and scale decarbonization. A $12 million bridge loan is intended to boost cash flow immediately, help unlock federal Investment Tax Credit adders, and position the company to attract additional private capital. PosiGen delivers residential solar and energy-efficiency solutions aimed at low- and moderate-income homeowners through lease products and a partner program. The company says it has served more than 25,000 customers across California, Connecticut, Louisiana, Mississippi, New Jersey, New York, Pennsylvania, Maryland, Massachusetts, and Washington, D.C. PosiGen employs more than 600 direct employees and supports over 150 contract workers. Its Partner Program has helped 2,000+ homeowners go solar since launching in 2021. Headquartered in Louisiana and founded in 2011, PosiGen frames its work under a "Solar for All" mission to close the clean energy affordability gap. The company plans to deploy recent financing to expand into additional states and prioritize Energy Communities and Low-Income Communities identified under the Inflation Reduction Act. The new capital commitment is intended to support continued asset growth and broader access to clean energy for households with high energy burdens. PosiGen provides solar PV installations and energy-efficiency upgrades targeted at low-to-moderate-income (LMI) households, often packaged as solar-plus-efficiency offerings. The company says it has served over 19,000 customers to date, about 50% of whom are in communities of color. PosiGen has worked with partners such as the Connecticut Green Bank to offer no‑upfront‑cost solar leases with no credit requirements; a recent case study found higher delinquencies but a reasonable return on investment from that program. The company also deploys rapid‑response solar power stations for disaster relief, installing 12 stations after Hurricane Ida using 30‑panel (11,400 W) systems with batteries providing 27,000 watt‑hours. PosiGen plans to use new financing to grow the business and close the affordability gap for solar, storage, and energy‑efficiency upgrades for LMI customers. Headquartered in New Orleans, Louisiana, the company combines product deployment and financing solutions aimed at increasing access to clean energy among underserved communities. PosiGen provides rooftop solar and energy efficiency solutions to low-to-moderate income (LMI) households. Its core product is low-cost rooftop solar panel leases combined with energy efficiency upgrades, aimed at delivering lower utility bills and environmental benefits. The company has served over 17,000 customers to date, approximately 50% in communities of color, and reports more than 270 direct employees plus over 120 contractor-supported staff across Louisiana, Connecticut, New Jersey, New York and Florida. Customers can see dramatic savings well in excess of 20% of their annual energy spend. PosiGen intends to use proceeds from its Series D to expand into select markets nationwide to scale its model. Marathon Capital is advising on raising tax equity to support the company's accelerated growth plan.