Spruce Completes Largest Securitization of Unsecured Residential Efficiency Loans in the U.S.

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, […]

Spruce Hires Darren Thompson as Chief Financial Officer

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 […]

Spruce and Investec Close $120MM in Financing for U.S. Residential Solar Systems

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 […]

Spruce Expands Executive Team for Strategic Growth

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 […]

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 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 […]

Kilowatt Financial and Clean Power Finance Are Merging to Form Elevate Power

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 […]

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 […]

Clean Power Finance Appoints Shawn Tabak as Chief Financial Officer

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 […]

GRID Alternatives Joins CPF’s Network of Channel Partners to Finance Solar Projects for Low-Income Homeowners

SAN FRANCISCO, 5 March, 2015 –GRID Alternatives (GRID), the nation’s largest non-profit solar installer, has become a channel partner to Clean Power Finance (CPF) to help more low-income homeowners save money on their electric bills with residential solar. Channel partnership with CPF will help GRID expand the reach of its Solar Affordable Housing Program to […]

Clean Power Finance Wins Bronze Stevie® Award in 2015 Stevie Awards For Sales & Customer Service

SAN FRANCISCO, March 2, 2015 – Clean Power Finance (CPF) was presented with a bronze Stevie® Award in the Best Use of Technology in Customer Service category in the 2015 Stevie Awards for Sales & Customer Service. The awards were presented to honorees during a gala banquet on Friday, February 27 at the Bellagio in Las […]