San Francisco—May 10, 2012—Clean Power Finance, the online marketplace for residential solar financing and leading provider of solar sales software, today announced it has been named the winner of the Solar category in the San Francisco Business Times’ 2012 Tech & Innovation Awards. Profiles of the winners will be featured in the May 11 issue of the publication.
Clean Power Finance was recognized for its innovations to existing residential solar finance models, which allow for greater scalability and better pricing than has been achieved in the industry to date. By marketing a variety of finance products on behalf of third-party investors in a single marketplace, Clean Power Finance offers solar professionals a level of selection and financial transparency unprecedented in the solar industry. Clean Power Finance has also been instrumental in encouraging investment in residential solar as an asset class.
“We are pleased to be included in such an impressive group of Bay Area innovators and business leaders,” said Nat Kreamer, CEO of Clean Power Finance. “Our business-to-business model, unique solar sales software and 100 percent third-party financing make the mass adoption of residential solar in the U.S. an achievable goal, and we appreciate the judges’ recognition of our rapid growth and potential.”
In addition to recognizing the benefits of Clean Power Finance’s business model, the judges also applauded the company for its unique solar sales platform, CPF Tools, which simplifies complex sales, quoting and proposal and finance processes, and minimizes the “soft costs” of selling solar.
“This year’s Business Times Tech & Innovation Award winners are not just solving technological challenges, they’re also helping to solve economic challenges,” said Mary Huss, publisher of the San Francisco Business Times. “Our awardees are developing cutting-edge technology and innovative business models and in doing so, building strong companies and growing jobs here in the Bay Area. It’s our privilege to recognize these notable companies and business leaders for their vision and hard work.”
Clean Power Finance entered the residential solar financing market in California in April 2011: since then, the company has made solar leases and power purchase agreements (PPAs) available to installers in five states across the U.S., facilitated more than $1 million in residential solar project financing per day and secured approximately half a billion dollars in total project financing under management.
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 the San Francisco Business Times
The San Francisco Business Times is a print and online newspaper covering businesses headquartered in San Francisco, Oakland, the East Bay and Marin. Our editorial staff is led by Editor Steve Symanovich and Managing Editor Jim Gardner, and features experienced business reporters who cover health care, banking, insurance, real estate, green business and technology, among other topics.