San Francisco—[July 16, 2013]—Clean Power Finance® (CPF), the leading provider of financial services and software for the residential solar industry, today announced the launch of the Paramount Energy Fund, the sixth residential solar finance fund available through the CPF Market®. The new fund will help homeowners access clean, affordable solar electricity by refinancing their electricity bills with solar power purchase agreements and leases. Paramount Energy Fund is financed and sold by Paramount Solar®, a division of Paramount Equity®, using Clean Power Finance’s software, underwriting and risk management services.
“The Paramount Energy Fund is a natural extension of our partnership with Clean Power Finance,” said Hayes Barnard, CEO of Paramount Solar. “We have helped hundreds of homeowners save money with solar using other providers’ financing from the CPF Market. Now, we are using the market to power our own financing for our solar customers.”
The CPF Market helps solar companies get the products and services they need to sell, procure equipment for, install, finance and service residential solar systems. Financiers – companies that range from corporations such as Google to major utility holding companies and now solar companies such as Paramount Solar – use the CPF Market to market, underwrite and service their residential solar investments.
“We created the CPF Market to enable our customers’ diverse business models,” said Nat Kreamer, CEO of Clean Power Finance. “The Paramount Energy Fund demonstrates the flexibility of our model and the variety of ways it helps our partners grow and expand their businesses. We are very excited that our specialized financing expertise will complement Paramount Solar’s outstanding solar marketing business as it launches its first fund to invest in residential solar.”
About Clean Power Finance
San Francisco-based Clean Power Finance (CPF) provides financial services and software to the distributed solar industry. CPF connects solar professionals with institutional solar finance investors through the CPF Market™, the online business-to-business marketplace for distributed solar financing, and provides the solar industry with CPF Tools™, the leading solar sales SaaS application. Solar professionals use CPF to access a variety of unbranded, third-party owned finance products and easy-to-use solar sales quoting and design tools. Investors and lenders use CPF to invest in distributed solar projects that provide reliable rates of return with managed risk. Founded in 2006, CPF now manages half a billion dollars of project financing on behalf of third-party solar investors. To learn more about Clean Power Finance, please visit www.cleanpowerfinance.com.