Nat Kreamer, CEO of Clean Power Finance, stated:
“This quarter billion dollar milestone is a testament to Kilowatt’s consumer credit expertise and to the scale of the CPF network. Kilowatt’s products expand the addressable market for residential solar finance, and our platform enables Kilowatt to bring those products to market. Together, we’ve empowered thousands of U.S. homeowners who wouldn’t previously have qualified for access to clean, affordable solar power.”
Kilowatt supports the U.S. residential solar market with sophisticated consumer credit and risk analytic expertise that spans the consumer finance and energy industries. Kilowatt uses CPF’s platform to connect with a national network of qualified solar partners who then offer its finance products to homeowners. By tapping into the power of CPF’s network, Kilowatt benefits from high deal flow volume at low customer acquisition cost and avoids the fixed infrastructure investments of vertically integrated residential solar finance companies.
Dan Pillemer, CEO of Kilowatt Financial, commented:
“CPF’s investment in its channel partner network and technology allows Kilowatt to focus on our core competency – delivering affordable clean energy financing products to responsible homeowners. CPF’s platform provides an efficient delivery channel for our solar power purchase agreement and lease products, and has helped Kilowatt become one of the largest financiers of residential solar. We look forward to continued growth of our relationship with CPF.”
The CPF Market connects investors seeking access to the residential solar market with industry professionals who are experts at selling, designing and installing home solar systems. As an alternative to the vertically integrated model, CPF’s platform allows its various participants to focus on their core areas of expertise in the solar value chain.