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Much of the community solar developed in the state has received benefits from the state’s NY-Sun program, a state solar incentive program for distributed generation assets. Since being launched in 2011, NY-Sun has put forth more than $1.8 billion to advance solar buildout in the state. [3]
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On September 22, 2009, the firm announced that it had raised $6 million to expand its services to Southern California and California's Central Valley. On May 1, 2010, Sungevity partnered with US Bank and launched its Solar Lease program. [7] In December 2010, the firm raised an additional $15 million toward its Series C funding round.
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As part of Governor Arnold Schwarzenegger's Million Solar Roofs Program, California has set a goal to create 1,940 megawatts [64] of new, solar-produced electricity by 2016 – moving the state toward a cleaner energy future and helping lower the cost of solar systems for consumers. The California Solar Initiative has "a total budget of $2.167 ...
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