Solaria and CleanFund Commercial PACE Capital Partner to Offer Long-Term Financing, First for Architectural Solar Projects

SolarPACE^TM Program Lowers Project Costs for
Commercial Property Owners Aiming for Net Zero Energy

SAUSALITO, Calif. & FREMONT, Calif.–(BUSINESS WIRE)–CleanFund Commercial PACE Capital, the leading Commercial Property
Assessed Clean Energy (C-PACE) financier, and Solaria Corporation,
global provider of solar module technologies, have formed a C-PACE
financing partnership making the integration of solar technologies into
the building skin more affordable. By providing commercial building
owners access to Solaria’s customizable product line, along with the
benefits and flexibility of C-PACE financing, this SolarPACE^TM
collaboration maximizes the availability of long-term incentives to
developers who implement architectural solar (aka – Building Integrated
Photovoltaics – BIPV) into commercial projects.

“We aim to partner with companies that are driving the adoption of
innovative clean energy solutions,” said Joshua Kagan, Vice President of
Sales at CleanFund. “This is no exception – Solaria is paving the way
for the mainstream adoption of architectural solar. And, with SolarPACE^TM
financing, the decision to incorporate this technology is now more
accessible than before.” Commercial building owners who seek to
incorporate architectural solar into their projects benefit from the
building skin generating energy, which offers a compelling
return-on-investment, along with multiple advantages that improve
occupant wellness and comfort.

SolarPACE^TM is designed to maximize cash flow, with terms up
to 30 years. It can solve most credit challenges found in commercial
solar project financing, since C-PACE is secured by a parcel tax
assessment with payments billed through ordinary property taxes. Owners
often have the option to pass all or a portion of the C-PACE payments to
tenants, who also benefit from lower energy costs. With flexible options
to utilize solar tax credits, SolarPACE^TM enables building
owners and developers to stay within project budgets and lower overall
project costs.

“Solaria is privileged to partner with the leading provider of a
nationwide financing platform that makes building improvements
affordable for commercial property owners,” said Udi Paret, GM Building
Solutions, Solaria Corporation. “Now we can offer customers a viable
option for funding and installing an architectural solar system,
especially important for net zero energy projects. This is a significant
competitive advantage for our industry partners who offer their own
warrantied ‘powered-by-Solaria’ architectural solar products.”

For more information, please visit http://go.cleanfund.com/Solaria.

About CleanFund Commercial PACE Capital

CleanFund Commercial PACE Capital is the leading direct provider of
long-term financing of Property Accessed Clean Energy (“PACE”) for
energy efficiency, water conservation, renewable energy and seismic
improvements to commercial, multifamily and other nonresidential
properties in the U.S. CleanFund’s SolarPACE financing product typically
delivers the highest Net Present Value (“NPV”) and greatest near-term
positive cash flow of any solar financing option. For more information,
please visit www.CleanFund.com.

About Solaria Corporation

Solaria Corporation is a solar technology company that is paving the way
for distributed, clean power generation through optimized solutions for
a range of applications. Leveraging its proven core technology, field
performance and sophisticated automation, Solaria delivers solutions
that address a unique set of requirements for the rooftop and
architectural solar markets. Solaria’s cell technologies enable leading
glass fabricators to adopt solar technologies into their product
offering. In turn, providing builders, developers and architects
aesthetically pleasing, easily integrated, highly customizable
residential and commercial solar products that can help enable net zero
energy buildings. Solaria headquarters are in California. For more
information, please visit www.solaria.com.

Contacts

CleanFund Commercial PACE Capital
Alice Reeve, 415-256-8000 ext. 106
Marketing
Director
[email protected]
or
Resolution
Communications for Solaria
Nandita Geerdink, 415-269-4493
[email protected]