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The Company
Clean Power Finance, headquartered in San Francisco, California, is an online marketplace that makes residential solar finance products and solar sales, quoting and design software available to solar professionals.

The company was founded in 2007 by Match.com founder and serial entrepreneur Gary Kremen, and for the first four years, sold its Software-as-a-Service product, CPF Tools, to solar installers and originators.

In early 2011, Nat Kreamer, a co-founder of SunRun, joined the company as CEO. In April 2011, the company added residential solar finance products to its online platform so that qualified solar installers and marketers could offer solar service agreements—solar leases and power purchase agreements (PPAs)—to consumers. Companies accessing solar finance products through Clean Power Finance include Vivint Solar, Galkos Construction’s GCI Energy, California Solar Systems, SunLogic, and American Vision Solar. Clean Power Finance also has partnerships with equipment and monitoring solution providers such as Solmetric, Enphase, and Silver Spring Networks.

Institutional investors create “funds” that Clean Power Finance manages and markets to solar professionals. Solar professionals can choose between the various funds to tailor solar leases and PPAs to consumers who want less expensive solar electricity immediately without the hassles and expense of photovoltaic solar system ownership. Today, Clean Power Finance has three funds under management, one of which was financed by Google Inc. ($75MM).

In 2011, the United States Department of Energy awarded Clean Power Finance a $3MM grant as part of its SunShot initiative to build a database and software tool to streamline solar permitting.

The company operates in five states: Arizona, California, Colorado, Massachusetts, and New Jersey.

Investors
Clean Power Finance’s equity investors include Kleiner Perkins Caufield & Byers, Google Ventures, Claremont Creek Ventures, Clean Pacific Ventures, and Sand Hill Angels. Clean Power Finance’s Board of Directors includes Ed Feo, Nat Goldhaber, Joe Kraus, Nat Kreamer, and Gary Kremen.