solar energy founded 2006 headquarters 201 mission street 11th floor san francisco california 94105 u.s. key people nat kreamer mike pope kristian hanelt tom harvey kirstin hoefer nick mack micah myers steve olszewski shawn tabak james tong elaine zhou website www.cleanpowerfinance.com clean power finance 1 headquartered in san francisco california is a financial services and software company for the residential solar industry . clean power finance operates the cpf market an online business to business platform that connects institutional investors and lenders with residential solar professionals who need solar finance products to grow their businesses . 2 clean power finance provides the solar industry with cpf tools a solar sales quoting and design software as a service saas solution qualified residential solar channel partners access finance products through the software . third party investors create solar project finance funds ; clean power finance provides origination underwriting and asset management services to the fund investors and markets investor capital to solar professionals as residential finance products including solar leases and power purchase agreements ppas . 3 the company was founded in 2006 by match.com founder and serial entrepreneur gary kremen and for the first five years sold cpf tools to solar installers and originators . 4 in early 2011 nat kreamer a co founder of sunrun joined the company as ceo . 5 in april 2011 the company began making residential solar finance products available to qualified channel partners . finance products allow installers to offer a variety of financing options to consumers who want less expensive solar electricity immediately without the hassle and expense of photovoltaic solar system ownership . 6 clean power finance operates the largest network of solar professionals in the united states . 7 8 9 clean power finance has raised more than a billion dollars in residential solar project financing and currently manages more than half a billion dollars on behalf of fund investors including google inc. 75mm 10 kilowatt financial 250mm 11 an unnamed utility holding company and integrys energy group subsidiary integrys energy services 12 in 2011 the united states department of energy awarded clean power finance a 3mm grant 13 as part of its sunshot initiative to build a database and software tool to streamline solar permitting processes . 14 in 2012 the doe awarded clean power finance two more grants . the first for 500 000 supported development of an online marketplace for operations and maintenance o & m services on installed residential solar systems . 15 the second for 1 million supports online tools for solar companies to connect to sell and install residential solar more efficiently . 16 the company currently operates in nine states arizona california colorado connecticut hawaii massachusetts maryland new jersey and new york . 17 clean power finance is an active solar industry leader . ceo nat kreamer was named a white house champion of change in the veterans in clean energy and climate security category 18 and was elected in may 2014 to serve as chairman of the board of directors at the solar energy industries association seia . micah myers svp of corporate development is on the board of directors at the solar electric power association sepa . 19 the company has played a leading role in helping traditional power companies invest in the residential dg solar market . 20 contents 1 doe projects 2 equity investors 3 references 4 external links doe projects edit clean power finance is working on four doe supported projects the national solar permitting database an o & m disambiguation needed marketplace for solar installations a website to connect solar specialists 21 and a big data project with the doe s national renewable energy laboratory nrel to reduce customer acquisition costs . 22 the national solar permitting database nspd is a free online database of information related to solar permitting requirements in cities and counties around the u.s. the project s goal is to minimize the time and resources required to complete a solar permit which can add significant costs and delays for solar installers . 23 in june 2013 clean power finance debuted solarpermit.org which hosts the nspd . 24 the second project involves o & m disambiguation needed for solar installations . ongoing system operations and maintenance is a concern that has kept potential solar project financiers out of the market . 25 the o & m marketplace currently in beta mode would help system owners particularly third party financiers identify and contract with o & m service providers . 26 the third project is an online tool to allow companies with expertise in selling and marketing solar to efficiently connect and work with companies that specialize in solar installation . 27 the fourth project is in collaboration with the national renewable energy laboratory in golden colorado . clean power finance is the only solar company involved in the project . it joins seven academic institutions to support nrel in developing a computational model that will analyze data from a network of u.s. solar installers and help identify new types of community and regional scale strategies that drive down solar financing and deployment costs . 28 in 2012 clean power finance completed a study of 273 solar installers in the top 12 states encompassing over 90 % of residential solar market . 29 this is the largest known study of residential solar installers to date . the goal was to assess current challenges with solar permitting and identify specific opportunities for improvement among the various authorities having jurisdictions ahjs that hold approval power in the completion of solar projects . key findings include more than 1 in 3 installers avoid selling solar in an average of 3.5 jurisdictions because of associated permitting difficulties . re submissions of plans occur in 24 % of all installations and rework in 16 % of all installations respectively . an average installation requires nearly 8 weeks to be processed by all relevant jurisdictions ; staff times for installers however average just 14.25 hours . 13 % of installations see requirements change during the installation process . 11 % of installations encounter a situation where requirements for solar permitting have not even been set . difficulties with solar permitting are costly to both ahjs and the solar businesses . equity investors edit clean power finance is a privately held company . its venture capital investors include four traditional electric power companies duke energy edison international and two that chose to remain unnamed 30 kleiner perkins caufield & byers google ventures hennessey capital management claremont creek ventures clean pacific ventures and sand hill angels . 31 32 clean power finance s board of directors is chaired by rajiv ghatalia and includes ed feo joe kraus nat kreamer and ben kortlang . 33 references edit kreamer nat february 2012 . a marketplace for residential solar financing products will drive solar . north american clean energy . clean power finance company profile . crunchbase.com . trabish herman 2 december 2011 . clean power finance channels 1 million into solar every day . greentech media . fehrenbacher katie 27 september 2011 . google invests 75m into clean power finance solar fund . gigaom . olson syanne 6 september 2011 . clean power finance closes us 25m investment from kpcb names new ceo three board members . pv tech.org . herndon andrew and levy ari 9 february 2012 . where the u.s. solar industry is shining . bloomberg businessweek . clean power finance and integrys energy services 8 january 2014 . integrys energy services partners with clean power finance for first residential solar investments . integrysenergy.com . needham rick 27 september 2011 . taking in more sun with clean power finance . google official blog . clean power finance press release 11 march 2013 . clean power finance partners comprise up to 80 percent of major u.s. residential solar companies . www.cleanpowerfinance.com . hargreaves steve 28 september 2011 google expands its rooftop solar funding . cnnmoney . chernova yuliya 24 april 2014 solar finance space heats up as kilowatt financial gains ground . wsj.com . trabish herman 8 january 2014 leading utility holding company integrys moves into residential solar . greentechmedia.com . solar projects to reduce non hardware balance of system costs . sunshot initiative website . whitmore chris 16 september 2011 . clean power finance awarded sunshot grant by doe . pv tech.org . sunshot incubator projects . sunshot initiative website . shahan zachary 18 june 2012 clean power finance gets 1.5 million to reduce soft costs of going solar . cleantechnica . meehan chris 6 february 2012 . clean power finance makes its tpos available to installers in more states . cleanenergyauthority.com . nat kreamer . white house champions of change website . solar electric power association 22 october 2013 . sepa welcomes new board members . sepa website . michael copley 10 january 2014 . solar industry welcomes deal bringing retail supplier into rooftop space . snl financial . clean power finance gets 1.5 million to reduce soft costs of going solar cleantechnica.com 9 million in new doe funding for big data analytics to spur deployment reduce costs of solar pv cleantechnica.com . clean power finance 19 december 2012 . more than a third of u.s. solar installers say permitting requirements limit growth . www.cleanpowerfinance.com . zachary shahan 24 june 2013 . solar permitting website gets overhaul more data new features . cleantechnica.com . s & p opines on securitizing distributed generation . 1 sunshot initiative website . 2 sunshot initiative website . 3 sunshot initiative website . nationwide analysis of solar permitting and the implications for soft costs . wesoff eric 12 august 2013 . clean power finance and its new uae solar investor . greentechmedia.com . kho jennifer 2 september 2011 . can clean power finance be the ebay of residential solar forbes . ehren goossens 27 june 2013 . duke backs clean power finance system to fund solar power bloomberg . clean power finance 16 april 2013 . rajiv ghatalia named chairman of the board at clean power finance www.cleanpowerfinance.com . external links edit official website national solar permitting database 4 retrieved from https en.wikipedia.org w index.php title clean power finance & oldid 743698129 categories companies based in san franciscosolar power in the united statesgv companieshidden categories all articles with links needing disambiguationarticles with links needing disambiguation from march 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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