Spruce Power adds battery as well as EV battery charger choices to fund offerings

Feb 4, 2021 04:01 PM ET
  • Spruce Power has added batteries and EV chargers to its financing portfolio offers. Formerly known as Spruce Finance, the firm already serves 80,000 homeowners with leased solar power systems or energy efficiency upgrades.

" Spruce Power is extending our service design and also item offerings to provide extensive energy services to our huge customer base," stated Christian Fong, CEO of Spruce Power. "The future of power is distributed, clean as well as wise. As early adopters of solar, our consumer base is eager to include complementary technologies that make their homes extra resistant as well as furnished for an energized future.

" We are distinctively placed to sustain property owners who wish to maximize their tidy energy effect with house energy monitoring systems," stated Fong. "Spruce handles a network of greater than 100 maintenance as well as installment companions in 16 of the leading states where roof planetary systems have actually been deployed. This framework provides our clients with local support solutions varying from efficiency analysis to solar upkeep, as well as battery sizing to back-up power setup."

The growth of Spruce's organization model aligns with the requirements of the transforming residential renewable resource market. Spruce rotated from car loan source to property ownership and also developed a maintenance arm Energy Service Experts (ESE) for property administration and also maintenance in 2017 after restructuring and obtaining a financial investment from HPS Investment Partners. This news complies with a series of big portfolio purchases and funding raisings, with Spruce most lately acquiring two portfolios totaling more than 10,000 solar PV systems.


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