CPF has helped numerous investors, including banks, corporations and electric power companies, to realize a high level return at a very low risk. Several investors had no prior experience with residential solar, but invested in this new market through CPF because of the company’s strong underwriting and capital deployment capabilities. “An example of this would be Credit Suisse, who launched a fund with us.
CPF provides the residential solar industry with CPF Tools, an easy-to-use solar sales quoting and design software platform that helps solar professionals efficiently manage the entire sales process in a single online location. Qualified channel partners can also use CPF Tools to access to a variety of white-label residential finance products. “CPF Tools is a very powerful cloud-based online quoting tool through which a solar professional can access a number of different finance products and also upload all the necessary documents post-sale to complete the transaction,” explains Kirstin.
CPF has a configuration engine that churns out a software release every week and performs routine configurations. The software’s uptime compares favorably with Google’s uptime. The software offers sophisticated capabilities to solar salespeople, such as dynamic pricing changes, updated credit criteria, and automated utility rate calculations.
Residential solar in the U.S. is currently at less than two-percent total market penetration, so Kirstin sees tremendous opportuni ty in the future residential solar market. “We believe we are well-positioned with our product offering. After residential solar, we would also consider geographical expansion and broadening into other renewable energy financing,” concludes Kirstin.