SunRun is among those companies that believe the quickest way to get solar panels installed en masse is to eliminate the hefty up-front cost.
The San Francisco-based start-up on Tuesday said that it has raised an additional $18 million, in a funding round led by venture capital firm Accel Partners. Accel is known for backing Facebook and BitTorrent.
The money will be used for SunRun to expand its solar financing beyond California, Arizona, and Massachusetts, according to the company. SunRun has previously raised $12 million from Foundation Capital, which also participated in this round, and has secured $105 million from U.S. Bancorp for financing … Read more