EnergySage Raises $2.7 Million in New Investment

Funds will be used to invest in even faster growth, develop new products and advance the company’s mission of making solar more accessible and affordable

Press Release

Boston, MA – April 2, 2018

EnergySage, the leading online comparison-shopping marketplace for rooftop solar, community solar and solar financing, announced today that it has secured $2.7 million in new funding.

This latest investment comes from existing investors including Launchpad Venture Group, the Massachusetts Clean Energy Center (MassCEC), Investors’ Circle’s Patient Capital Collaborative, and Clean Energy Venture Group. This new funding brings the total private investment raised to $6 million, and adds to the $3.7 million in grants received from the U.S. Department of Energy’s SunShot Initiative and New York State Energy Research and Development Authority (NYSERDA).

"Launchpad is very proud to be an investor in EnergySage – we believe their platform is a powerful tool for empowering consumers to make smart energy choices and that the company’s success is driving the growth of a vitally important clean energy future,” said Christopher Mirabile, managing director of Launchpad Venture Group.

“Massachusetts is home to a vibrant clean energy economy and is committed to supporting homegrown businesses that are driving innovation and creating quality jobs,” said MassCEC CEO Stephen Pike. “We congratulate EnergySage on a successful funding round as it works to increase access and make solar more affordable for residents in the Commonwealth and across the country.”

EnergySage will use the new funds to invest in even faster growth, build its team, develop new products, and continue to drive innovation that ensures solar is more accessible and affordable for American households and businesses. This latest investment comes on the heels of several company milestones. In April 2017, EnergySage won the Outstanding Venture Award from the National Renewable Energy Laboratory (NREL). In July 2017, the Department of Energy awarded EnergySage a $1.6 million grant through its Technology to Market 3 (T2M3) program. Later, in November 2017, the company launched an integration with DSIRE heralded by industry observers as a “powerful online solar combination”.

“EnergySage is now the leading resource for over six million Americans interested in learning about and comparison-shopping for solar,” said Vikram Aggarwal, CEO and founder of EnergySage. “As of Q1 2018, we’ve sent over $3 billion in solar installation requests to our network of 500 pre-screened installation companies. With support from our investors, coupled with our ongoing work with leading utilities around the country, EnergySage has become the country’s most trusted resource for smart home energy decisions.”

About EnergySage, Inc.

EnergySage is the leading online comparison-shopping marketplace for rooftop solar, community solar, and financing. Supported by the U.S. Department of Energy, EnergySage is the trusted source of information for over 6 million consumers across 35+ states. As of early 2018, the company has sent over $3 billion in solar installation requests to its network of more than 500 pre-screened solar installation companies, and serves as a high-quality lead source for solar financing companies and powerful distribution channel for solar equipment manufacturers. EnergySage is unique in that it allows consumers to request and compare competing quotes online, unlike traditional lead-generation websites. For this reason, leading organizations like Environment America, Connecticut Green Bank, Duke University, National Grid, and Staples refer their audiences to EnergySage to empower them as they consider solar. The EnergySage formula of unbiased information, transparency and choice helps consumers go solar with confidence – at a higher rate of adoption, and lower cost. For more information, please visit EnergySage and follow us on Facebook, Twitter and LinkedIn.