GeoSmart Sustainable Financing Solutions expands to offer unparalleled green financing for homes, businesses, and municipalities.
SACRAMENTO, CA – August 20, 2008 – The non-profit Electric & Gas Industries Association (EGIA) and Clean Power Finance, Inc. today announce their partnership to add business and residential energy efficiency and solar secured project financing to EGIA’s nationally recognized GEOSmart Sustainable Financing Solutions. This comprehensive financing program will be delivered through manufacturers, distributors, utility companies and EGIA’s nationwide contractor network. The partnership will provide businesses and homeowners with unparalleled unsecured, secured, and commercial financing options for virtually all energy efficiency or renewable energy projects.
EGIA, having facilitated the financing of over $400 million in home energy efficiency and solar upgrades over the past 5 years, will continue to provide its GEOSmart unsecured financing program for residential projects from $1,000 to $50,000. In addition, GEOSmart approved contractors will also have access to Clean Power Finance’s residential and commercial secured financing options. These services include leasing and property based commercial loans, as well as, residential refinancing, second mortgages, and home equity lines of credit. The GEOSmart financing program now allows contractors to provide both residential and commercial customers with 100% financing for their energy efficient and renewable energy projects, with the programs that best fit their financing needs.
With the GEOSmart Commercial leasing program, businesses of all sizes now have a comprehensive, quick and easy way to finance energy efficiency upgrades, including heating and cooling (HVAC), lighting, solar PV and solar water heating applications, refrigeration, energy efficient office equipment and more. The GEOSmart Commercial leasing program is available for small businesses, retail, commercial and industrial facilities, to finance projects ranging from $10,000 up to $2 million or more, with leasing terms up to 7 years. Municipal tax exempt leasing is also available for government and public agencies including schools, cities, hospitals and special assessment districts.
“One of EGIA’s key objectives is to make investing in energy efficiency and solar projects easy and affordable for businesses and homeowners alike,” says Bruce Matulich, executive director of EGIA. “The addition of commercial financing complements our GEOSmart program and enables us to deliver what we believe to be the industry’s most comprehensive financing solution, all marketed under one nationally recognized green brand.”
“EGIA has a long history of industry leadership and we’re pleased to be part of the GEOSmart program. We look forward to working with EGIA to continue our support of home improvement contractors, and drive adoption of solar and renewable energy solutions by consumers and businesses alike,” said Joseph Brakohiapa, President of Clean Power Finance.
In addition to enhanced financing options, Clean Power Finance will also be offering EGIA member contractors their state of the art web based estimating software (CPF Tools) under special terms and conditions. CPF Tools is a web-based solution designed to help installers grow, manage, and close more business. By providing qualified leads, a job management tool and a financing partner, CPF Tools manages the sales work flow from project inception to installation. With continually updated databases for utility rates, incentives and equipment, CPF Tools delivers professional sales proposals for residential and commercial bids.
To learn more about the GEOSmart commercial financing program, visit: www.egia.org/GEOSmartCommercial
About Electric & Gas Industries Association
The Electric & Gas Industries Association (EGIA) is a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions through a nationwide network of contractors, distributors, manufacturers and utility companies. EGIA is a leading provider of resource efficiency services and energy efficiency program administration for utility companies and water agencies. EGIA also provides the home improvement industry and businesses with comprehensive energy efficiency and solar financing solutions and has administered some of the nation’s largest utility and state sponsored energy efficiency financing programs.
For more information, visit www.egia.org.
About Clean Power Finance
Clean Power Finance is the leading provider of software and financing solutions to the solar industry. Based in San Francisco, the company’s mission is to enable the mass-market adoption of renewable energy by providing an end-to-end software solution that integrates financing into the sales process. Since its introduction early this year, the Clean Power Finance software has garnered enthusiastic reviews from users who represent over 30 percent of the solar installer community nationwide.
For more information, visit www.cleanpowerfinance.com.