Spruce Ramps Up Residential Project Financing
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[San Francisco] Spruce is expanding its national network of solar integrators, building contractors and other channel partners to provide consumer financing for residential PV systems and home efficiency improvements. The firm was founded in 2015 with the merger of Clean Power Finance and Kilowatt Financial. Spruce offers white-label products that include solar leases and power purchase agreements as well as solar loans. It currently offers its Spruce Solar Loan product in 25 states and makes it available for single-family residences as well as townhomes, condos and duplexes. The online SpruceFlow portal is designed for mobile devices and allows outside sales teams to generate a proposal, run e-credit and get an e-signature from the homeowner on-site. To further support residential solar integrators, Spruce offers its SourceDirect equipment-purchasing program, which provides integrators with an alternative to carrying the up-front equipment cost for financed projects.
Spruce Finance / 866.525.2123 / sprucefinance.com