Baker Electric Solar Partners with Clean Power Finance to Offer Financing Solutions

Escondido, Calif. (PRWEB) October 30, 2012 Baker Electric Solar (BES), a full-service solar integrator specializing in green technology design / build for residential solar and commercial solar installations, has partnered with Clean Power Finance to expand its solar financing options for residential rooftop solar installations.

According to a Solar Energy Industries Association (SEIA) survey, despite the cost of solar electric panels decreasing by 30 percent since the beginning of 2010, 48 percent of Americans cited cost as their biggest concern with choosing solar energy. With the addition of financing options through Clean Power Finance to its zero down SunPower Corp. lease offering, BES is poised to provide solar customers with an array of affordable financing alternatives.

Clean Power Finance’s online marketplace and solar design and proposal software allows qualified residential solar professionals to access a variety of solar finance products to find the best fit for each customer. Examples of financing options include: a monthly lease, a monthly power purchase agreement (PPA) and a prepaid PPA , with terms ranging from 20 to 25 years.

Residential solar power has continued to grow rapidly in the last year because of lending products like power purchase agreements and leases that make the benefits of the technology’s savings accessible to a broader spectrum of homeowners. With a prepaid lease through Clean Power Finance, a homeowner might recognize up to a 25 percent cost savings, and one of the 20-year monthly lease options is an alternative for homeowners with fair credit.

“Expanding on our customers' project funding options to include the finance marketplace and solar sales software provided by Clean Power Finance allows us to design, estimate, quote and help each customer get the best financing fit for their solar installation,” said Baker Electric Solar CEO Ted Baker. “Leases are helping an entire new market of solar energy adopters ‘go green.’ With diversified financing options, it’s getting easier to bring clean energy to a larger customer base.”

“In our experience, making multiple financing options available to qualified solar professionals such as Baker Electric Solar in a single marketplace is a win-win situation for both the solar company and the consumer,” said Robert Prigge, CCO of Clean Power Finance. “Baker Electric Solar can expand its customer base and help more people go solar by presenting homeowners with affordable, tailored finance options that meet their preferences and needs.”

For more information about Baker Electric Solar and San Diego solar power call (877) 543-8765 or visit http://www.bakerelectricsolar.com.

About Baker Electric Solar (BES)
Escondido-based NB Baker Electric, Inc., dba Baker Electric Solar, designs, builds and installs photovoltaic solar power systems for new and existing homes and commercial facilities across Southern California. BES is a 2012 Inc. 500|5000 company and one of San Diego’s 2012 Fastest Growing Private Companies. In addition BES was named 2011 SunPower Regional Residential Dealer of the Year. For more information, visit http://www.bakerelectricsolar.com.

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 http://www.cleanpowerfinance.com.

Paramount Solar Partners with Clean Power Finance to Offer an Array of Affordable Solar Financing Solutions

ROSEVILLE, Calif.--(BUSINESS WIRE)--Paramount Solar, one of California’s leading residential solar companies, has partnered with Clean Power Finance to provide an expanded portfolio of affordable financing options that make solar attainable for more customers. In addition to the competitive finance products available through its marketplace, Clean Power Finance also provides popular solar sales software, and its online solar sales management platform will allow Paramount Solar to sell, quote, and design residential solar systems for consumers efficiently, maximizing the customer’s time and money.

Residential solar power has seen substantial growth in the past few years because of the access to lending products like purchase power agreements and leases that make solar an affordable option for the mass market. This partnership with Clean Power Finance has already impacted many Paramount Solar customers who are taking advantage of savings from their solar systems.

“Going solar just makes sense. The financing made it incredibly affordable and my return will be well over 15 percent – where can you find a return on investment like that right now?” said Paramount Solar customer, John Gage, of Sacramento. “And seeing the meter actually spin backward is great because that just means even more money in my pocket for the excess energy the panels produce. I tell all of my friends to call Paramount Solar because it’s a simple process and an easy way to save money every month.”

“The growth of residential solar financing has made solar a good economic investment,” said Robert Prigge, CCO of Clean Power Finance. “We are committed to promoting the mass-market adoption of residential solar, and partnerships with industry-leading companies like Paramount Solar enable us to bring clean, economical solar energy to more Americans than ever before.”

“The residential solar business is booming and customers are getting excited about saving money and taking control of their energy production, while doing something great for the environment,” says Hayes Barnard, CEO of Paramount Solar. “The affordable financing options provided by Clean Power Finance are vital to the growth of this industry and make it possible to bring clean, green energy to the mass market.”

Paramount Solar customers in California and Arizona are currently taking advantage of Clean Power Finance’s financing options, and the company plans to expand to additional states in 2012. For more information about Paramount Solar, visit www.paramountsolar.com or call 1-888-801-3333.

About Paramount Solar

Paramount Solar was created to save homeowners money by converting their homes into personal power stations using PV solar technology. The company makes going solar simple by delivering a one-stop, streamlined process for securing solar financing, custom design, solar installation, permits, rebate paperwork and ongoing solar system monitoring. With Paramount Solar’s innovative financing options, customers can now go solar with no upfront investment and start saving money in the first month of service. The company provides free PowerSavings™ Plans to assist customers in finding out if solar is right for them.

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.