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Solar Installer SolarCity Raises $21M

We’re already feeling a bit sunburned from all the solar funding over the past few weeks. But serious folks, there’s even more that we’ve learned about. On Monday SolarCity, which provides solar systems for homes and businesses, plans to announce they have closed $21 million in their third round of funding, led by Draper Fisher Jurvetson, JP Morgan and Elon Musk. The Foster City, Calif.-based company has now raised over $31 million.

The cleantech industry might not want to talk about a clean tech bubble, but solar overindulgence? Seems so. Earlier this week solar concentrator company SolFocus raised $52 million, while solar financing company Tioga added $4 million. The week before solar photovoltaic company Solarcentury raised $27.2 million, solar cell developer Solexant raised $4.3 million, and Plextronics raised $20.6 million for its organic semiconductors, which can be used for thin film solar applications.


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