PosiGen, a New Orleans, LA-based provider of renewable energy and efficiency solutions for low-to-moderate income households, raised $20m tax equity investment from GAF Energy.
The deal will support installation of approximately 2,500 new solar systems and energy efficiency upgrades to homes owned by low-to-moderate income families in Connecticut, Florida, Louisiana, and New Jersey.
Led by Tom Neyhart, CEO, PosiGen is a residential solar, energy efficiency and energy education provider for low-to-moderate income families. The company has more than 14,000 residential customers, over 220 direct employees and supports more than 120 employees through its contractors in Louisiana, Connecticut, New Jersey and Florida.
GAF Energy, a Standard Industries company working to transform the rooftop solar industry, offers integrated solar solutions that are installed as part of roof replacements happening in the U.S. It also provides tax equity for commercial and industrial scale renewables projects.