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CleanFund, a provider of long-term PACE financing for renewable energy, energy efficiency, water conservation and seismic improvements to commercial properties in the U.S., and Soligent, the largest-volume B-to-B pure play distributor of solar system products in the U.S., have entered a partnership to help commercial real estate owners secure financing for building retrofits and upgrades.
More specifically, CleanFund (www.CleanFund.com), has entered into an agreement with Solar Engine (www.SolarEngineSolutions.com), a Soligent entity, to finance the purchase and installation of solar panel systems for commercial, multifamily, nonprofit and other nonresidential buildings in the U.S. Dealers and installers who are members of the Soligent network can now access CleanFund’sSolarPACE financing programs for their prospects and customers, which should increase the number of solar panel systems in use at commercial real estate properties in the U.S.
The CleanFund/Soligent partnership comes as President Obama last week reiterated the Administration’s support for PACE as an effective mechanism to finance energy efficiency and renewable energy improvements to buildings.
CleanFund’s new SolarPACE program was designed specifically for solar project financing and enables commercial property owners to achieve immediate positive cash flow, with a financing term of up to 30 years to match the expected life of solar PV systems. “Our capital will help Soligent dealers close more commercial sales, driving adoption of solar energy systems by commercial building owners,” said Brandon Deno, Vice President of Solar at CleanFund.
For more information, please visit www.CleanFund.com.
For more information, please visit www.Soligent.net.
For more information, please visit www.SolarEngineSolutions.com.