The funding will leverage up to $178m in additional private capital, according to New York Governor Andrew Cuomo’s office.
The largest amount, $25m, will go toward the creation of a warehouse financing facility for Level Solar, a Long Island-based residential rooftop PV installer, which competes with companies like SolarCity in offering homeowners long-term solar leases at no upfront cost. The funding will cover as many 6,000 solar installations.
The
