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Taking Inward To A Greater Extent Than Sun Amongst Build Clean Ability Finance

(Cross-posted from the Green Blog)

This morning, at the Renewable Energy Finance Forum (REFF-West) inwards San Francisco, I announced a novel $75 meg investment to create an initial fund amongst Clean Power Finance that volition assist upwards to 3,000 homeowners acquire solar. This is our minute investment inwards residential solar, as well as we’ve right away invested to a greater extent than than $850 million overall to develop as well as deploy prepare clean energy.

As nosotros said when nosotros made our first residential solar investment, nosotros intend it makes a lot of feel to piece of job solar photovoltaic (PV) technology—rooftop solar panels—to generate electricity correct where you lot ask it at home. It greens our liberate energy mix past times using existing roof infinite piece avoiding transmission constraints, as well as it tin flaming move cheaper than drawing electricity from the traditional grid.

Purchasing a solar organisation is a major abode improvement, simply the upfront cost has historically been 1 of the biggest barriers for homeowners. Solar installers across the dry soil don’t ever cause got the resources to discovery financing for customers, or the majuscule to render it themselves. And for investors similar Google, banks as well as others, it tin flaming move hard to move inwards a fragmented solar marketplace amongst many companies, as well as acquire connected to private homeowners.

That’s where Clean Power Finance comes in. They’ve developed an opened upwards platform that connects installers amongst investors similar Google to render financing to homeowners. Solar installers sign upwards amongst Clean Power Finance to acquire access to the company’s comprehensive sales solutions, including consumer financing from investors, similar the Google fund. This enables installers to sell to a greater extent than systems as well as grow their business. The installer builds the system, the investor (in this case, Google) owns it, as well as homeowners pay a monthly payment for the system, at a cost that’s frequently less than paying for liberate energy from the grid. Maintenance as well as surgical procedure are taken tending of past times Clean Power Finance as well as its network of installers.

 meg investment to create an initial fund amongst  Taking inwards to a greater extent than Sun amongst Clean Power Finance
Owned past times Google, operated past times Clean Power Finance as well as installed past times American Vision Solar, the Colin identify unit of measurement of Santa Clarita, Calif. has a 4.14 kW solar system

This innovative as well as scalable model makes trouble concern feel for Google, Clean Power Finance, solar installers as well as homeowners too. We’re excited to move 1 of the showtime investors to partner amongst Clean Power Finance as well as enable the fellowship to proceed forging potent relationships amongst solar installers (like the ones they announced terminal calendar week amongst SunLogic, California Solar Systems, American Vision Solar—learn to a greater extent than on Clean Power Finance’s solar installation at the Googleplex dorsum inwards 2007. Now, through Clean Power Finance as well as our previous investment this year, we’re hoping to cause got an fifty-fifty larger impact. We await forrad to watching our funding assist to a greater extent than than 10,000 homeowners generate prepare clean electricity from the sun.


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