Clean Power Finance partners with Integrys Energy Services, creating a residential solar finance fund through the CPF Market, an online platform that empowers electric power companies to invest in residential solar. The fund enables Integrys’s investment in the residential distributed generation solar sector.
Clean Power Finance (CPF) and Integrys Energy Services, a subsidiary of midwestern utility holding company Integrys Energy Group (NYSE: TEG), have created a residential solar finance fund through the CPF Market, an online platform that empowers electric power companies to invest in residential solar. The fund enables Integrys’s investment in the residential distributed generation solar sector.
CPF connects multiple electric power investors with the largest network of qualified solar professionals in the U.S., according to the company. 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.
Nat Kreamer, CEO of Clean Power Finance, commented: “CPF is currently the only residential solar finance company that 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.”
Dan Verbanac, president of Integrys Energy Services, added: “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.”