Press Releases

Spruce has raised tax equity and project debt transactions to support $445MM in residential solar power purchase agreements (PPA) and leases in 2017.

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Multiple finance products on single platform help U.S. solar companies sell more, faster   Solar Power International, Las Vegas – September 12, 2016 – Spruce Finance Inc. (“Spruce”) is making residential solar finance sales easier than ever by adding a new solar loan to its existing power purchase agreement (PPA) and lease product suite. (The…

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Achieves Investment-Grade Rating for Both Class A and B Notes San Francisco – June 22, 2016 – Spruce Finance Inc. (“Spruce”), a technology-enabled provider of consumer financing for residential solar and home efficiency improvements, recently closed the largest securitization of unsecured residential energy efficiency loans and retail installment contracts in the U.S. In the transaction,…

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Consumer Finance and Fintech Veteran Brings Capital Market Expertise to Support Growth and Scale San Francisco – June 21, 2016 – Spruce Finance Inc. (“Spruce”), a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer. In this role, he is responsible for…

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First Syndicated Back-Leveraged Facility Demonstrates Market Interest in Spruce’s Business and Growth San Francisco – May 24, 2016 – Spruce Finance Inc. (“Spruce”), a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has closed a $120MM syndicated credit facility that will support the growth of its solar lease and…

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Solar Technology & Consumer Finance Veterans Will Drive Volume and Scale San Francisco – March 9, 2016 – Spruce Finance Inc. (“Spruce”), a provider of consumer financing for residential solar, energy efficiency and water conservation upgrades in the U.S., is expanding its executive team. Spruce was founded in December 2015 when Clean Power Finance and…

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U.S. Bank Partners with Spruce to Finance $175 Million in Residential Solar Systems San Francisco – January 6, 2016 – 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…

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San Francisco and New York – July 15, 2015 – Kilowatt Financial (KWF) and Clean Power Finance (CPF) are planning to merge to create Elevate Power™. Elevate Power will provide a full suite of financing products for the solar and energy efficiency markets. The company’s power purchase agreements, leases and loans will help consumers and…

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Clean Power Finance Opens Houston Office

San Francisco, Tuesday, July 7, 2015 – Clean Power Finance (CPF) is expanding its residential solar financing business with a new office in Houston, Texas. “We’ve outgrown our San Francisco headquarters,” said Nat Kreamer, CEO of CPF. “The Houston office will support additional market expansion and allow us to recruit talented employees in several key…

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SAN FRANCISCO, 12 May, 2015 – Clean Power Finance (CPF) has promoted Shawn Tabak to Chief Financial Officer. Shawn was previously the vice president of finance at CPF. “Shawn Tabak has one of the strongest commands of renewable energy accounting, tax, and finance in the U.S. solar industry,” said Nat Kreamer, CEO of CPF. “We…

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