Learn Taking Inwards To A Greater Extent Than Sun Amongst Build Clean Ability Finance
(Cross-posted from the Green Blog)
This morning, at the Renewable Energy Finance Forum (REFF-West) inward San Francisco, I announced a novel $75 1000000 investment to create an initial fund amongst Clean Power Finance that volition assist upwardly to 3,000 homeowners acquire solar. This is our instant investment inward residential solar, too we’ve directly invested to a greater extent than than $850 million overall to develop too deploy ready clean energy.
As nosotros said when nosotros made our first residential solar investment, nosotros intend it makes a lot of feel to operate solar photovoltaic (PV) technology—rooftop solar panels—to generate electricity correct where you lot ask it at home. It greens our disclose energy mix past times using existing roof infinite spell avoiding transmission constraints, too it tin locomote cheaper than drawing electricity from the traditional grid.
Purchasing a solar organization is a major domicile improvement, exactly the upfront cost has historically been i of the biggest barriers for homeowners. Solar installers across the solid lay down don’t ever conduct hold the resources to uncovering financing for customers, or the working capital alphabetic quality to render it themselves. And for investors similar Google, banks too others, it tin locomote hard to acquire into a fragmented solar marketplace position amongst many companies, too acquire connected to private homeowners.
That’s where Clean Power Finance comes in. They’ve developed an opened upwardly platform that connects installers amongst investors similar Google to render financing to homeowners. Solar installers sign upwardly amongst Clean Power Finance to acquire access to the company’s comprehensive sales solutions, including consumer financing from investors, similar the Google fund. This enables installers to sell to a greater extent than systems too grow their business. The installer builds the system, the investor (in this case, Google) owns it, too homeowners pay a monthly payment for the system, at a toll that’s frequently less than paying for disclose energy from the grid. Maintenance too functioning are taken aid of past times Clean Power Finance too its network of installers.
This innovative too scalable model makes concern feel for Google, Clean Power Finance, solar installers too homeowners too. We’re excited to locomote i of the showtime investors to partner amongst Clean Power Finance too enable the companionship to maintain forging rigid relationships amongst solar installers (like the ones they announced end calendar week amongst SunLogic, California Solar Systems, American Vision Solar—learn to a greater extent than on Clean Power Finance’s solar installation at the Googleplex dorsum inward 2007. Now, through Clean Power Finance too our previous investment this year, we’re hoping to conduct hold an fifty-fifty larger impact. We expect forrad to watching our funding assist to a greater extent than than 10,000 homeowners generate ready clean electricity from the sun.
This morning, at the Renewable Energy Finance Forum (REFF-West) inward San Francisco, I announced a novel $75 1000000 investment to create an initial fund amongst Clean Power Finance that volition assist upwardly to 3,000 homeowners acquire solar. This is our instant investment inward residential solar, too we’ve directly invested to a greater extent than than $850 million overall to develop too deploy ready clean energy.
As nosotros said when nosotros made our first residential solar investment, nosotros intend it makes a lot of feel to operate solar photovoltaic (PV) technology—rooftop solar panels—to generate electricity correct where you lot ask it at home. It greens our disclose energy mix past times using existing roof infinite spell avoiding transmission constraints, too it tin locomote cheaper than drawing electricity from the traditional grid.
Purchasing a solar organization is a major domicile improvement, exactly the upfront cost has historically been i of the biggest barriers for homeowners. Solar installers across the solid lay down don’t ever conduct hold the resources to uncovering financing for customers, or the working capital alphabetic quality to render it themselves. And for investors similar Google, banks too others, it tin locomote hard to acquire into a fragmented solar marketplace position amongst many companies, too acquire connected to private homeowners.
That’s where Clean Power Finance comes in. They’ve developed an opened upwardly platform that connects installers amongst investors similar Google to render financing to homeowners. Solar installers sign upwardly amongst Clean Power Finance to acquire access to the company’s comprehensive sales solutions, including consumer financing from investors, similar the Google fund. This enables installers to sell to a greater extent than systems too grow their business. The installer builds the system, the investor (in this case, Google) owns it, too homeowners pay a monthly payment for the system, at a toll that’s frequently less than paying for disclose energy from the grid. Maintenance too functioning are taken aid of past times Clean Power Finance too its network of installers.
Owned past times Google, operated past times Clean Power Finance too installed past times American Vision Solar, the Colin line of piece of occupation solid unit of measurement of Santa Clarita, Calif. has a 4.14 kW solar system
This innovative too scalable model makes concern feel for Google, Clean Power Finance, solar installers too homeowners too. We’re excited to locomote i of the showtime investors to partner amongst Clean Power Finance too enable the companionship to maintain forging rigid relationships amongst solar installers (like the ones they announced end calendar week amongst SunLogic, California Solar Systems, American Vision Solar—learn to a greater extent than on Clean Power Finance’s solar installation at the Googleplex dorsum inward 2007. Now, through Clean Power Finance too our previous investment this year, we’re hoping to conduct hold an fifty-fifty larger impact. We expect forrad to watching our funding assist to a greater extent than than 10,000 homeowners generate ready clean electricity from the sun.