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Clean Power Finance

Clean Power Finance, CPF, is a financial broker and technology company serving solar installers nationwide. The company offers solar lease and power purchase agreements (PPA). Clean Power Finance provides residential solar financing and solar software services to the solar industry.

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Morgan Stanley and Clean Power Finance Partnership

Clean Power Finance, the online marketplace for residential solar financing and leading provider of solar sales software, MS Solar Solutions Corp., a wholly-owned subsidiary of Morgan Stanley (NYSE: MS), and Main Street Power Company, a North American solar developer and Power Purchase Agreement (PPA) provider announced in May 2012 the creation of MySolar, a residential solar lease facility that will provide funding for up to $300 million in projects. Zions Energy Link, part of Zions Bancorporation, is the first member of a syndicate of debt providers to the MySolar residential solar lease facility.

Clean Power Finance will make the MySolar lease available to homeowners via qualified solar professionals using CPF Tools, the leading solar sales software platform in the United States. The MySolar lease will initially be available in Arizona and California. MySolar is the third solar finance facility available to Clean Power Finance’s national network of solar professionals and brings the total amount of project financing under Clean Power Finance management to approximately half a billion dollars.

This type of financing is the driving force behind residential solar adoption today because nearly one third of U.S. homeowners can save money with solar financed by a lease or PPA structure. Further U.S. residential solar market expansion is a function of financing availability. Clean Power Finance is working to make competitive financing available to its network of more than 1,550 solar professionals in all 50 states.

“The MySolar program will be the largest residential solar investment facility in the nation and can help save consumers millions of dollars in electricity payments, create thousands of solar jobs and further the easy adoption of solar for thousands of homeowners around the country,” said Jonathan W. (J.W.) Postal, senior vice president of Main Street Power.

Clean Power Finance entered the residential solar financing market in California in April 2011. Since then, the company has made a variety of finance products both leases and PPAs available to solar professionals in Arizona, Colorado, New Jersey and Massachusetts, and has facilitated more than $1 million in residential solar project financing per day.

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