One of America’s fastest-growing residential solar subscription providers, Terra Energy, announced it has closed a series of fundings totaling $105 million.
A $35 million Green Loan financing with Breakwall Capital marks the completion, following equity investment from ARC PE and Azora Capital and credit facilities from Banesco and First Horizon Bank.
The series included financings from multiple banks and capital partners that have supported Terra’s rapid growth over the past 24 months and will further enable the company’s expansion from Florida into Texas and California as it continues to scale at a high pace.
Terra, Florida’s largest residential solar provider, recently expanded into Texas and is preparing to move into California next.
The company addresses what has historically held back residential solar: long-term financing, complex contracts, and customer risk. With a simple short-term subscription and no upfront costs, Terra delivers up to 50% electricity bill savings, with insurance and maintenance included.
“The AI revolution unfolding right now has been tied to one thing: access to more energy. The old residential solar business model didn’t work. It was too complicated, too expensive, and pushed too much risk onto homeowners. Terra fixes that,” said Jaime Martinez, CEO and Founder of Terra, in a statement.
He continued, “Our vertically integrated and customer-first approach delivers energy that saves customers significant money on day one, with no debt, no equipment burden, and no long-term lock-in. Breakwall’s partnership accelerates our expansion at the exact moment regulatory incentives shift decisively toward a cleaner and more efficient way to go solar.”
Walt Hughes, Managing Director of Breakwall, added, “We are thrilled to partner with Terra as they continue their growth within Florida and expand into new markets. Their subscription model eliminates friction, aligns incentives, and directly addresses the affordability and reliability issues that have long held back the industry.”
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