Press Releases

Announces $25 Million in Funding from HPS Investment Partners, LLC   SAN FRANCISCO, June 29, 2017 /PRNewswire/ — Spruce Finance Inc., a provider of consumer financing for residential energy efficiency and solar technology, today announced new leadership and an infusion of capital, as well as the appointment of two independent directors. Steve Olszewski, who previously served…

SAN FRANCISCO – June 21, 2017 – Spruce Finance, a provider of consumer financing for residential energy efficiency and solar technology, has completed a whole loan sale of $250M of its efficiency and solar loan portfolio to a large North American bank with expertise in consumer loan assets. This marks the second major sale of…

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

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…

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,…

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…

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…

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…

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…