American Solar Direct Gets $5M in Equity Investment

Santa Monica-based American Solar Direct, a provider of residential solar lease and power purchase agreements, announced this week that it has raised $5M in an equity investment. The round came from WGL Holdings, inc., along with other existing investors and new investors. American Solar Direct serves the California residential solar market, and provides financing which allows homeowners to install solar power without incurring the typical upfront costs of those systems. American Solar Direct is headed by Brennan Mulcahy. More information »