Residential Solar Panel Company Sungevity Raises $125M In Funding

Sungevity, an Oakland, Calif.-based residential solar panel sales startup, raised $125 million in project financing and equity investments, GigaOm reported Wedndesday. Sungevity’s success has come as solar panel prices have fallen rapidly in recent years, boosting the so-called “downstream” portion of the U.S. solar market — that is, sales and installation, not panel production. Sungevity was one subject of a lengthy report on downstream solar in The New York Times in August 2012.