07 Feb '12, 3pm

Clean Power Finance Moves Big Numbers Into PV With Vivint Solar Deal: Innovations in rooftop solar system f...

Clean Power Finance Moves Big Numbers Into PV With Vivint Solar Deal: Innovations in rooftop solar system f...

Innovations in rooftop solar system financing may be driving the growth of solar more than anything except, possibly, Chinese government subsidies. But China’s subsidies are unsustainable, if not illegal, while financing advances like the just-announced Clean Power Finance (CPF) partnership with Vivint Solar are transforming the industry. The basic idea behind CPF, explained CEO Nat Kreamer, is “to connect the capital market with the solar market.” Backed by a group of the biggest names in greentech venture capital , including Kleiner Perkins and Google, CPF is a business-to-business service in the form of a software tool that allows solar installers to make financing available to system buyers. “We started selling financing for solar systems in April 2011,” Kreamer said, "and by August 2011, we were financing more than a million dollars a day of residential power purchase...

Full article: http://www.greentechmedia.com/articles/read/cpf-moves-mor...

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