Kilowatt Financial (Kilowatt) has financed more than $250 million from Clean Power Finance (CPF), a software and services provider for the residential solar industry, in operational U.S. residential solar projects through the CPF Market® platform.
“This quarter billion dollar milestone is a testament to Kilowatt’s consumer credit expertise and to the scale of the CPF network,” said Nat Kreamer, CEO of Clean Power Finance. “Kilowatt’s products expand the addressable market for residential solar finance, and our platform enables Kilowatt to bring those products to market.”
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.
“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,” said Dan Pillemer, CEO of Kilowatt Financial. “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.”
