Birmingham, AL, August 26, 2020 – Eagle Solar & Light, LLC , a Southeastern commercial and residential solar provider, announces it has secured additional financial commitments from outside investors. These investors include Brutus Clay of Kentucky, whose family history in coal has expanded his interests in the energy market to installing solar on reclaimed coal mines and investing in utility-scale solar.
This investment will allow Eagle Solar and Light to grow their existing Alabama market as well as expand their solar leasing programs in North Carolina and Georgia to commercial businesses. Solar leasing has become essential to providing small and large businesses access to inexpensive, clean energy, particularly as admittance to the Duke Energy rebate continues to become more competitive. Eagle Solar and Light was the first solar contractor and still one of the few to be legally licensed by the utilities to lease solar systems in North Carolina.
“This equity raise satisfies our financing well into 2021, and is the first step down the runway for accelerated growth throughout the Southeast, focusing on C&I Solar and Energy Storage.” said Sam Yates, Chief Executive Officer for Eagle Solar & Light. “In addition, our new equity partners bring significant utility-scale experience, including tenures with Strata Solar and Oakhurst Energy Solutions in Durham, N.C. Eagle Solar & Light will soon announce a large-scale Tax Equity Finance syndication, to focus on our continued success in Solar Leasing (PPL’s) and Solar Power Purchase Agreements (PPA’s).”
Eagle Solar and Light is licensed in Alabama, Georgia and North Carolina. Since its inception in 2016, it has seen continual growth in the solar market year over year as solar energy production becomes more economical than utility purchased energy. They have offices in Birmingham, AL and Durham, NC.