The project capital will help the financing and deployment of commercial-scale solar water heating systems in key markets nationwide.
The company said Skyline guaranteed energy savings model enables customers to achieve both utility bill savings and environmental benefit without the burden of financial risk, eliminating a critical barrier to the adoption of solar water heating systems.
Solar water heating technology reduces the need to run a building’s existing water heating system and decreases its energy consumption.
Skyline founder and CEO Zach Axelrod said driving the company’s ability to guarantee savings and deploy projects at no cost to customers is a technology platform that optimizes project design, system performance and business operations.
