Standard Solar raises $8.5M for solar systems
In a sign investors may be warming up again to the residential and commercial photovoltaics market now that Congress has finally approved the extension of renewable tax credits, Gaithersburg, Maryland-based Standard Solar has secured $8.5 million in second round funding from Truecast Capital and a number of private and institutional investors.
The money will be used to fund the firm’s expansion into new markets and to scale up its production capacity. The company, which sells and… Continue Reading