Spruce Power

Spruce Power's journey began in 2015 with the merger of Clean Power Finance and Kilowatt Financial, creating a powerhouse in residential solar finance. Originally headquartered in San Francisco, the company set out with a mission to empower consumers to improve their environments through affordable financing for solar systems and energy efficiency upgrades. Over the years, Spruce evolved from a finance-focused entity into a leading owner and operator of distributed energy assets.

A pivotal moment came in 2022 when Spruce Power was acquired by XL Fleet, a move that transitioned the company into a publicly traded entity (NYSE: SPRU) and shifted its headquarters to Denver, Colorado. Today, Spruce Power stands as a premier provider of subscription-based solar services, owning the cash flows from tens of thousands of home solar assets across the United States. Their 'power-as-a-service' model allows homeowners to access clean energy technology without significant upfront investments, managing everything from billing to maintenance. With a focus on distributed generation and a growing portfolio of solar assets, Spruce Power continues to drive the transition to renewable energy, making it accessible and hassle-free for homeowners nationwide.