Green

GoodLeap Gets $800 Million Funding for Sustainable Home Push

Company provides financing for residential solar projects
Funding led by MSD Partners, values company at $12 billion

SunRun Solar Panel Installations As California Becomes First State To Order On New Homes — Photographer: David Paul Morris/Bloomberg

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By Will Wade

October 13, 2021 at 2:06 PM UTC

This article is for subscribers only.

GoodLeap LLC, one of the biggest U.S. providers of financing for residential solar systems, received $800 million in backing as it further expands into sustainable home improvement.

The San Francisco-based company, now valued at $12 billion, will use the new investment to also eventually move into commercial projects and electric vehicles, according to an emailed statement Wednesday. The round was led by MSD Partners and also included BDT Capital Partners and Davidson Kempner.