Solar Power International—September 10, 2012—Clean Power Finance, the online marketplace for residential solar financing and leading provider of solar sales software, today announced a partnership with Soligent, LLC, a leading supplier of solar energy equipment and project financing solutions to contractors throughout the Americas. The partnership will offer Soligent’s extensive network of solar contractors the best payment terms in the industry, reduce the cost and time of sales and financing paperwork and provide a variety of solar finance products in a single marketplace.
“We are excited to partner with a master distributor of Soligent’s size and quality,” said Robert Prigge, SVP of worldwide sales at Clean Power Finance. “Our business model is unique in its ability to scale, and partnering with Soligent will help us make competitive residential solar finance products available to many more solar professionals than ever before. Soligent’s innovative distribution program is poised to revolutionize the way average solar installers do business, and we are pleased to support that effort.”
Clean Power Finance manages project financing for third-party investors and markets it as residential finance products to solar professionals. Soligent, a subsidiary of global conglomerate ITOCHU Corporation, is the largest solar energy equipment distributor in the Americas. The new partnership will provide Clean Power Finance with deal flow from Soligent’s large network of installers who need access to finance products to competitively sell solar. Working with Clean Power Finance, Soligent will be able to offer its qualified channel partners access to residential solar finance products that are increasingly essential to winning business.
“We are very pleased to announce the addition of Clean Power Finance’s products to our portfolio of solar project financing options,” said Daniel Marino, EVP of marketing and sales at Soligent. “This partnership enables Soligent to provide our customers the best payment terms in the industry; to help them focus on selling and installing solar by offloading the vast majority of sales and installation paperwork; and to offer them an array of financing options to tailor their sales to homeowner preferences.”
Clean Power Finance is committed to connecting the entire solar value chain to streamline processes, cut costs, increase revenue and expand the residential solar market. Solar distributors are a key component of efficiently scaling not only Clean Power Finance’s operations, but also installer access to affordable residential solar financing.
“We look forward to what a combination of top tier software, financing and highly efficient equipment distribution and integration can do for the market,” said Prigge.
For more information about the partnership, please visit Soligent’s booth, #1609, at Solar Power International, or call 707-992-3617.
About Clean Power Finance
Clean Power Finance is driving the mass-market adoption of residential solar by building an online business-to-business marketplace to connect 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 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. Founded in 2007, Clean Power Finance is venture backed by Kleiner Perkins Caulfield & Byers (KPCB), Google Ventures, Claremont Creek Ventures, Clean Pacific Ventures and Sand Hill Angels. To learn more about how Clean Power Finance can accelerate the growth of solar businesses, please visit www.cleanpowerfinance.com.
About Soligent, LLC
The product of a merger between industry leaders DC Power Systems and Solar Depot, Soligent serves more than five thousand solar energy dealers and contractors throughout North and South America. With distribution centers in Northern California, Southern California, New Jersey and Ontario, Canada, Soligent is well-positioned as a responsive, flexible equipment partner.
With approximately 150 offices in 74 countries, ITOCHU Corporation engages in trading and import/export of various products such as textiles, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance and logistics services, as well as business investment in Japan and beyond.