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Citigroup and Sungevity Create Fund for Residential Solar Projects

Sungevity, a solar panel manufacturer, just announced a renewable energy tax equity fund with Citigroup Inc. that will support over $50 million of new residential solar lease projects. Citi’s commitment comes on the heels of tremendous growth and momentum for Sungevity. In late July, the company formally announced its expansion to the east coast with the “Rooftop Revolution” marketing campaign and in May, Sungevity announced a significant new partnership with Lowe’s, the world’s second largest home improvement retailer. Since 2010, the company has raised funds to support more than $120 million in residential solar projects, and has become one of the fastest growing solar companies in the country with a presence in eight states including Arizona, California, Colorado, Delaware, Massachusetts, Maryland, New Jersey and New York.

So, shouldn’t we, as integrators, consider adding solar power as an option to our projects? Sungevity has a cool iQuote sales process that’s truly a new and easy, efficient means to residential solar adoption. This hassle-free technology enables the use of satellite images and aerial photography to assess customers’ roofs remotely and accurately determine the feasibility of future solar installations without a home visit, saving customers time and money. This innovative process creates a convenient and efficient process for providing binding formal proposals.

Check them out and consider becoming an integrator for them at: http://www.sungevity.com/

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