Landmark transaction to support GoodLeap’s entry into growing lease and power purchase agreement sector of residential solar and storage market.
SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ — GoodLeap, LLC (GoodLeap), America’s leading technology for financing and software products to deploy sustainable solutions, today announced that it has entered into an equity partnership with Tactical Infrastructure Partners (“TIP”), a global independent infrastructure investment firm, to acquire over $1.5 billion of residential solar and storage products. The transaction is supported by debt financing from ATLAS SP Partners (“ATLAS SP”), a global investment firm, and helps further bolster the launch of GoodLeap’s residential solar and storage lease and power purchase program (PPA). The transaction enables GoodLeap to provide a comprehensive suite of residential products and financing options for U.S. homeowners, advancing its mission to connect a world in which everyone can live sustainably.
GoodLeap launched its lease and PPA products, commonly known as third-party owned (TPO) products, in June and already offers the products in 12 states with another 13 states in the pipeline. Homeowners continue to look for different ways to make solar and storage more affordable and accessible. GoodLeap’s suite of financing options, including loans, leases and PPAs, help meet that customer demand by offering choices at the point of sale.
“Since the company started, GoodLeap has always focused on meeting the homeowner where they are in their sustainability journey,” said Matt Dawson, GoodLeap’s Chief Revenue Officer. “With this additional funding partnership, we’ll continue to deliver on that promise by giving homeowners the financing tools they need to adopt solar, storage, and dozens of other home efficiency products. We’re thrilled to partner with TIP and ATLAS in that journey.”
“We are pleased to bring our team’s deep experience in infrastructure investing to this partnership with the premier company in this space,” said Michael Feldman, Founder and Managing Partner at TIP. “GoodLeap is well-positioned for continued success as a leader in residential solar and storage, and we are excited to be a part of GoodLeap’s entry into the growing lease and PPA sector of the market.”
“We are thrilled to work with TIP to deliver a novel financing solution across the capital structure at scale for GoodLeap’s entry into the lease and PPA space. This will deliver clean energy solutions to homeowners across the country,” said Can Baysan, Director at ATLAS SP.
About GoodLeap
GoodLeap is a technology company delivering best-in-class financing and software products for sustainable solutions, from solar panels and batteries to energy-efficient HVAC, heat pumps, roofing, windows, and more. Over 1 million homeowners have benefited from our simple, fast, and frictionless technology that makes the adoption of these products more affordable, accessible, and easier to understand. Thousands of professionals deploying home efficiency and solar solutions rely on GoodLeap’s proprietary, AI-powered applications and developer tools to drive more transparent customer communication, deeper business intelligence, and streamlined payment and operations. Our platform has led to more than $27 billion in financing for sustainable solutions since 2018.
GoodLeap is also proud to support our award-winning nonprofit, GivePower, which is building and deploying life-saving water and clean electricity systems, changing the lives of more than 1.6 million people across Africa, Asia, and South America.
About TIP
Tactical Infrastructure Partners is a global independent infrastructure investment firm and SEC registered investment advisor. TIP specializes in providing customized and adaptive capital solutions to the middle market infrastructure sector. TIP is headquartered in New York. For more information, please visit www.tacticalinfra.com.
About ATLAS SP
ATLAS SP is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions. We’re proud to build upon a legacy of client excellence that includes certainty of execution, deep expertise and full-service capabilities across the asset management landscape. For more information, visit www.atlas-sp.com.
CONTACTS:
GoodLeap:
[email protected]Â
ATLAS SP:
(212) 355-4449
[email protected]
SOURCE GoodLeap, LLC.
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