Terra Energy, a residential solar subscription provider, has secured $35 million in green loan financing from Breakwall Capital, an energy specialist focused on providing direct lending solutions to middle-market and developing-energy companies.
Greenberg Traurig served as legal counsel, and Barkers Point Capital Advisors served as placement agent for Terra Energy. Vinson & Elkins served as legal counsel, and Teneo acted as the independent technical and commercial advisor for Breakwall Capital.
The financing follows equity investments from ARC PE and Azora Capital, along with credit facilities from Banesco and First Horizon Bank, bringing the total new funding to $105 million.
According to the company, Terra Energy addresses long-term financing, complex contracts, and customer risk in residential solar with a simple short-term subscription and no upfront costs.
The company states that its offering provides up to 50% savings on electricity bills, including insurance and maintenance, solving long-term financing, complex contracts, and customer risk.
“We are thrilled to partner with Terra as they continue their growth within Florida and expand into new markets,” said Walt Hughes, managing director of Breakwall Capital. “Their subscription model eliminates friction, aligns incentives, and directly addresses the affordability and reliability issues that have long held back the industry. While the Terra model is purposefully set up to meet the evolving demands of the solar consumer, we believe Breakwall was uniquely positioned to structure a loan that best addresses their business needs and helps facilitate their long-term goals.”
Recently, Terra Energy expanded into Texas, with preparation underway to enter California as its next major market.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, announced debt financing in 2025 totaled $16.1 billion, 14% lower compared to $18.8 billion in 2024. Securitization deals totaled $3.4 billion across nine deals.
In July, Sunsave, a U.K.-based solar subscription service provider, secured £113 million (~$151 million) in an oversubscribed funding round. The funding includes a £100 million (~$134 million) debt facility from Crédit Agricole CIB as well as £13 million (~$17 million) in Series A equity from a co-led round by Norrsken VC and IPGL.
