Clean Power Finance Partners with Soligent, LLC on New Program to Distribute Residential Finance Products

| September 11, 2012 | 0 Comments

ORLANDO, Fla.–(BUSINESS WIRE)–

Clean
Power Finance
, the online marketplace for residential solar
financing and leading provider of solar sales software, today announced
a partnership with Soligent, LLC, a leading supplier of solar energy
equipment and project financing solutions to contractors throughout the
Americas. The partnership will offer Soligent’s extensive network of
solar contractors the best payment terms in the industry, reduce the
cost and time of sales and financing paperwork and provide a variety of
solar finance products in a single marketplace.

“We are excited to partner with a master distributor of Soligent’s size
and quality,” said Robert Prigge, SVP of worldwide sales at Clean Power
Finance. “Our business model is unique in its ability to scale, and
partnering with Soligent will help us make competitive residential solar
finance products available to many more solar professionals than ever
before. Soligent’s innovative distribution program is poised to
revolutionize the way average solar installers do business, and we are
pleased to support that effort.”

Clean Power Finance manages project financing for third-party investors
and markets it as residential finance products to solar professionals.
Soligent, a subsidiary of global conglomerate ITOCHU Corporation, is the
largest solar energy equipment distributor in the Americas. The new
partnership will provide Clean Power Finance with deal flow from
Soligent’s large network of installers who need access to finance
products to competitively sell solar. Working with Clean Power Finance,
Soligent will be able to offer its qualified channel partners access to
residential solar finance products that are increasingly essential to
winning business.

“We are very pleased to announce the addition of Clean Power Finance’s
products to our portfolio of solar project financing options,” said
Daniel Marino, EVP of marketing and sales at Soligent. “This partnership
enables Soligent to provide our customers the best payment terms in the
industry; to help them focus on selling and installing solar by
offloading the vast majority of sales and installation paperwork; and to
offer them an array of financing options to tailor their sales to
homeowner preferences.”

Clean Power Finance is committed to connecting the entire solar value
chain to streamline processes, cut costs, increase revenue and expand
the residential solar market. Solar distributors are a key component of
efficiently scaling not only Clean Power Finance’s operations, but also
installer access to affordable residential solar financing.

“We look forward to what a combination of top tier software, financing
and highly efficient equipment distribution and integration can do for
the market,” said Prigge.

For more information about the partnership, please visit Soligent’s
booth, #1609, at Solar Power International, or call 707-992-3617.

About Clean Power Finance

Clean
Power Finance
 is driving the mass-market adoption of
residential solar by building an online business-to-business marketplace
to connect the solar industry and the capital markets. Clean Power
Finance provides solar professionals, including marketers, installers,
manufacturers and distributors, with access to a variety of
non-exclusive, white-label residential finance products and an
easy-to-use solar sales quoting and design tool. The company’s
transparent pricing makes it easy for financial firms and lenders to
invest in residential solar projects that provide reliable rates of
return. Founded in 2007, Clean Power Finance is venture backed by
Kleiner Perkins Caulfield Byers (KPCB), Google Ventures, Claremont
Creek Ventures, Clean Pacific Ventures and Sand Hill Angels. To learn
more about how Clean Power Finance can accelerate the growth of solar
businesses, please visit www.cleanpowerfinance.com.

About Soligent, LLC

The product of a merger between industry leaders DC Power Systems and
Solar Depot, Soligent serves more than five thousand solar energy
dealers and contractors throughout North and South America. With
distribution centers in Northern California, Southern California, New
Jersey and Ontario, Canada, Soligent is well-positioned as a responsive,
flexible equipment partner.

About ITOCHU

With approximately 150 offices in 74 countries, ITOCHU Corporation
engages in trading and import/export of various products such as
textiles, machinery, information and communications technology,
aerospace, electronics, energy, metals, minerals, chemicals, forest
products, general merchandise, food, finance, realty, insurance and
logistics services, as well as business investment in Japan and beyond.

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