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Retail Supplier Partners with Clean Power Finance to Offer Residential Solar
Clean Power Finance (CPF) and Integrys Energy Services, Inc. announced the creation of a residential solar finance fund through the CPF Market, an online platform that facilitates electric power companies' investment in residential solar.
The fund enables Integrys Energy Services' investment in the residential distributed generation (DG) solar sector.
Integrys Energy Services plans to make the fund available to CPF partners in many of the key "solar-friendly" states such as California, Hawaii, New Jersey, New York, Maryland and Massachusetts.
Of the partnership, Dan Verbanac, president of Integrys Energy Services, said, "Since 2008, we have deployed more than 50 MW in the commercial solar sector across the U.S. The CPF Market's flexibility and strong underwriting capabilities provide us with an efficient way to bring customers a residential solar offering. We are excited to be able to offer residential solar as a complementary product for our growing customer base of residential and aggregation customers."
CPF said that it connects multiple electric power investors with the largest network of qualified solar professionals in the U.S. CPF said that its financing model allows a retail energy company such as Integrys Energy Services to set the parameters of its fund, promote its brand to consumers and own 100 percent of the asset.
"We look forward to helping Integrys Energy Services deploy its capital in residential DG solar systems that support strategic goals such as customer load retention," said Nat Kreamer, CEO of Clean Power Finance.
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January 8, 2014
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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