Clean Power Finance
Stage
Merger | MergedTotal Raised
$76.98MAbout Clean Power Finance
Clean Power Finance is driving the mass-market adoption of residential solar with its online business-to-business marketplace connecting the solar industry and the capital markets. Clean Power Finance provides solar professionals, including marketers, installers, manufacturers and distributors, with access to a variety of 100% third-party owned, non-exclusive, white-label residential finance products and an easy-to-use solar sales quoting and design tool. The company's transparent pricing makes it easy for financial firms and lenders to invest in residential solar projects that provide reliable rates of return.
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Expert Collections containing Clean Power Finance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Clean Power Finance is included in 2 Expert Collections, including Fintech.
Fintech
7,985 items
US-based companies
Green Fintech
267 items
a collection of fintech companies that have an explicitly defined environmental focus at the core of their business.
Clean Power Finance Patents
Clean Power Finance has filed 4 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/23/2010 | 5/12/2015 | Payment systems, Loans, Mortgage, Payment service providers, Mobile payments | Grant |
Application Date | 3/23/2010 |
|---|---|
Grant Date | 5/12/2015 |
Title | |
Related Topics | Payment systems, Loans, Mortgage, Payment service providers, Mobile payments |
Status | Grant |
Latest Clean Power Finance News
Jan 6, 2016
Kilowatt Financial and Clean Power Finance Complete Merger, Rebrand as Spruce U.S. Bank Partners with Spruce to Finance $175 Million in Residential Solar Systems January 06, 2016 08:00 AM Eastern Standard Time SAN FRANCISCO--( BUSINESS WIRE )--In July 2015, Clean Power Finance, Inc. and Kilowatt Financial LLC announced their intent to merge. The merger officially closed in December 2015, and the two companies are now Spruce Finance Inc. (“Spruce”). Spruce is a nationwide provider of consumer financing for residential solar systems and water conservation and energy efficiency home improvements in the U.S. To date, the combined companies have raised more than $2 billion in capital to help more than 50,000 homeowners improve their environments. “We help homeowners save money on their energy bills and conserve resources using simple, cost-effective financing,” said Spruce CEO Nat Kreamer. “Spruce is a nationwide one-stop-shop for financing that helps consumers save money on all of their utility bills. We offer solar financing in 18 states and water and energy efficiency home improvement financing in all 50 states.” Spruce has raised significant capital from major banks and corporations, including U.S. Bank subsidiary U.S. Bancorp Community Development Corporation, one of the largest tax equity providers in the U.S. residential solar market. U.S. Bank has partnered with Spruce to finance approximately $175 million in residential solar systems across 12 states over the course of 2016. “Our product breadth, national reach, software platform and networked business model drive growth for our business and create value for everyone we work with,” said Kreamer. “And our financial and operational risk management track-record, disciplined compliance and consumer protections enable us to generate attractive investment returns.” Spruce partners get great finance products with simple point of sale and fulfillment services that help them close more deals and grow their businesses. Today, nearly 400 channel and contractor partners offer Spruce’s consumer financing, including companies that sell and install solar PV systems, general contractors, roofers, insulation and HVAC experts, and equipment manufacturers. About Spruce Spruce provides homeowners with financing for residential solar systems, water conservation upgrades and energy efficiency home improvements. Working with a national network of channel partners, Spruce helps homeowners reduce their total utility spend on power, water, and heating and cooling. To learn more about the company, visit www.sprucefinance.com . Contacts
Clean Power Finance Frequently Asked Questions (FAQ)
Where is Clean Power Finance's headquarters?
Clean Power Finance's headquarters is located at 201 MIssion Street, San Francisco.
What is Clean Power Finance's latest funding round?
Clean Power Finance's latest funding round is Merger.
How much did Clean Power Finance raise?
Clean Power Finance raised a total of $76.98M.
Who are the investors of Clean Power Finance?
Investors of Clean Power Finance include Spruce Finance, Duke Energy, Sand Hill Angels, Claremont Creek Ventures, Google Ventures and 8 more.
Who are Clean Power Finance's competitors?
Competitors of Clean Power Finance include Vivint Solar and 5 more.
Compare Clean Power Finance to Competitors
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