05 Sep '12, 3pm

Stat of the Day: $2 Million per Day Into Solar at Clean Power Finance: In a December 2011 interview, Clean Pow...

Stat of the Day: $2 Million per Day Into Solar at Clean Power Finance: In a December 2011 interview, Clean Pow...

In a December 2011 interview, Clean Power Finance CEO Nat Kreamer told GTM his company started selling financing for solar systems in April 2011 and by August of that year was financing, with some 800 solar industry customers and "a handful" of financial partners, “more than a million dollars a day of residential power purchase agreements and leases.” For August 2012, Kreamer told GTM late last month, “it has been $2 million per day. I just looked at the stats,” he said. “We have $1.9 million and change in applications today. We’re getting demand of $2 million per day or more.” CPF now has 1,350 installer partners and 100 financial partners. Kreamer had been working on numbers that day for an upcoming presentation. The numbers he saw showed “tremendous market opportunity” and “low penetration rates,” he said. “What you’re seeing is the development of an industry .” He was ...

Full article: http://www.greentechmedia.com/articles/read/stat-of-the-d...

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