Maryland-based Astrum Solar and Hudson Clean Energy, a New Jersey-based private equity and infrastructure firm, have signed a deal whereby Hudson will provide Astrum with up to $100 million to support a residential solar financing program available throughout the U.S.
‘Though the cost of residential photovoltaic systems has declined, for some homeowners, the up-front cost remains greater than what they can afford out of pocket,’ explains Wilson Chang, Hudson's vice president. ‘There remains a very real need for creative and attractive financing solutions in this space that Hudson has identified and is working in partnership with Astrum to fulfill.’
Josh Goldberg, Astrum co-founder and executive vice president, adds, ‘Hudson is a valuable partner with an exceptional understanding of solar finance. We look forward to working together to lower the costs associated with solar installations for our customers.’