Recently on this blog, we’ve been reporting on the plethora of exciting solar energy initiatives happening in the Golden State, and as of yesterday, there’s another bit of exciting news to add to the growing list.
Clean Power Finance (CPF), a San Francisco-based financial services and software provider for the solar industry and capital markets, announced in an April 9 press release that it had secured $37 million in funding from investors such as Edison International, Google Ventures and Kleiner Perkins.
The company, whose revenue increased 325 percent in 2012, aims to encourage the adoption of residential solar energy solutions by offering a business-to-business software-as-a-service (SaaS) tool that solar providers can use to manage sales and connect with investors. CPF works with a variety of folks in the solar energy sector including installers, investors, marketers, power companies and suppliers.
“Clean Power Finance provides outstanding services to both solar investors and solar professionals and makes distributed solar an attractive investment,” Edison International’s senior vice president of strategic planning Bert Valdman, said in the press release. “We expect distributed solar to play a growing role in our energy future. CPF’s industry leadership makes it a natural investment in this rapidly expanding market.”
Here at West Coast Solar, we’ve been working with CPF over the past year to help California residents realize the benefits of going solar. If you’re hoping to invest in residential solar energy solutions, our knowledgeable staff can take you step by step through a fully integrated construction process. We have an extensive background in the roofing industry and will take care of the entire installation to guarantee that you’re getting the best quality products and services. We’re also happy to answer any additional questions you have that may help inform this important decision.