Clean Power Finance,[1] headquartered in San Francisco, California, is a financial services and software company for the residential solar industry.
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.
[5][6][7] 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),[8] Kilowatt Financial ($250MM),[9] an unnamed utility holding company, and Integrys Energy Group subsidiary Integrys Energy Services[10] In 2011, the United States Department of Energy awarded Clean Power Finance a $3MM grant[11] as part of its SunShot Initiative to build a database and software tool to streamline solar permitting processes.
[14] The company currently operates in nine states: Arizona, California, Colorado, Connecticut, Hawaii, Massachusetts, Maryland, New Jersey and New York.
[30][31] Clean Power Finance's board of directors is chaired by Rajiv Ghatalia and includes Ed Feo, Joe Kraus, Nat Kreamer, and Ben Kortlang.