Spruce Power Holding Corporation

Spruce Power Holding Corporation is a leading owner and operator of distributed solar energy assets across the United States. The company's core business model revolves around providing clean, renewable electricity to residential and commercial customers through innovative subscription-based payment plans. This approach allows customers to benefit from solar energy without the upfront capital investment typically associated with solar panel installation. Spruce Power generates revenue not only from these customer subscriptions but also by monetizing Solar Renewable Energy Credits (SRECs) at contracted prices, which are produced by its portfolio of home solar energy systems. Beyond its direct energy sales, Spruce Power offers a comprehensive suite of services through its Spruce Pro platform. This platform caters to both Spruce-owned and third-party-owned solar energy systems, providing essential portfolio management services. These include sophisticated billing and collections, asset recovery, dedicated account support, financial asset management, advanced homeowner support technology, and operational oversight. Furthermore, Spruce Pro facilitates transaction and execution services specifically for SRECs, enhancing value for asset owners. Founded in 2009 and headquartered in Denver, Colorado, Spruce Power is strategically positioned to capitalize on the growing demand for sustainable energy solutions and asset management services within the distributed solar market.