{"id":881967,"date":"2025-09-04T09:55:10","date_gmt":"2025-09-04T13:55:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spruce-power-wins-competitive-multi-year-spruce-pro-contract-expanding-solar-and-storage-services-in-north-carolina\/"},"modified":"2025-09-04T09:55:10","modified_gmt":"2025-09-04T13:55:10","slug":"spruce-power-wins-competitive-multi-year-spruce-pro-contract-expanding-solar-and-storage-services-in-north-carolina","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spruce-power-wins-competitive-multi-year-spruce-pro-contract-expanding-solar-and-storage-services-in-north-carolina\/","title":{"rendered":"Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwmarginl1 { margin-left: 30px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina<\/b><\/p>\n<p class=\"bwalignl bwmarginl1\">\n&#8211; <i>Demonstrates Growing Market Acceptance of Spruce PRO Servicing Solutions and Enables EnerWealth to Scale its Program into a Long-Term Pipeline of Projects<\/i><\/p>\n<p>DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSpruce Power Holding Corporation (NYSE: SPRU) (\u201cSpruce\u201d or the \u201cCompany\u201d), a leading owner and operator of distributed solar energy assets across the United States, today announced a partnership with EnerWealth Solutions, a North Carolina-based solar development company, to launch the state\u2019s first residential solar plus storage lease program.<\/p>\n<p>\nThe partnership is designed to create a robust and growing pipeline of solar and storage projects across North Carolina, bringing affordable, resilient clean energy to thousands of homeowners. The inclusive lease model requires no upfront costs or credit checks, includes a production guarantee with maintenance, and features on-site battery storage for added reliability.<\/p>\n<p>\nChris Hayes, Chief Executive Officer of Spruce, said, \u201cThis new Spruce PRO customer win leveraged our decade-plus experience in management of our wholly owned residential solar assets. We see growing market interest in our suite of services, which we tailor for third-party owners of distributed generation assets. The agreement is a great example of how our strength in servicing reduces project risk and helps secure financial backing for project development. With Spruce PRO managing the administration, EnerWealth is better able to focus its resources on solar origination. We are delighted to support EnerWealth in its calling, and pleased to work with an organization that shares our values.\u201d<\/p>\n<p>\nAjulo Othow, CEO &amp; Founder of EnerWealth Solutions, said, \u201cEnerWealth is a local, mission-driven company focused on supporting homeowners. We believe solar energy should be accessible and affordable to all and are committed to bringing clean energy opportunities to homeowners through our offering of the first solar plus storage lease in North Carolina. We appreciate that Spruce Power customized a servicing solution to meet our needs.\u201d<\/p>\n<p>\nThrough its Spruce PRO channel, Spruce will deliver the operational infrastructure that enables EnerWealth to scale rapidly while maintaining exceptional homeowner experiences. This includes billing and collections, homeowner support, remote monitoring and remote technical support; all backed by Spruce\u2019s experience managing approximately 145,000 residential solar assets nationwide.<\/p>\n<p><b>About Spruce Power<\/b><\/p>\n<p>\nSpruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. We provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Our power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. Our company owns the cash flows from approximately 85,000 home solar assets and contracts across the United States. For additional information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sprucepower.com&amp;esheet=54318630&amp;newsitemid=20250904278282&amp;lan=en-US&amp;anchor=www.sprucepower.com&amp;index=1&amp;md5=32bd0bfb732227ba92002574be642b76\">www.sprucepower.com<\/a>.<\/p>\n<p><b>About EnerWealth Solutions<\/b><\/p>\n<p>\nEnerWealth Solutions is a solar development company committed to expanding access to sustainable energy. We offer a residential solar and battery lease, making clean energy more accessible and affordable for homeowners. Additionally, we generate opportunities for rural landowners and communities in the Southeastern United States through community solar projects. Based in Durham, North Carolina, our small team creates clean energy solutions that benefit landowners, homeowners, local communities, and our shared environment. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.enerwealthsol.com&amp;esheet=54318630&amp;newsitemid=20250904278282&amp;lan=en-US&amp;anchor=www.enerwealthsol.com&amp;index=2&amp;md5=f6cbc98f81a9d13b8de54a441605f196\">www.enerwealthsol.com<\/a> for more information.<\/p>\n<p><b>Cautionary Note Regarding Forward Looking Statements<\/b><\/p>\n<p>\nCertain statements in this press release may constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are characterized by the use of certain words or phrases (and their derivatives) such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cgoals,\u201d \u201ctarget\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cestimate,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccontinue,\u201d \u201clikely,\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based upon our current plans and strategies, management\u2019s assumptions and expectations about future events, and market conditions and reflect our current assessment of the risks and uncertainties related to our business and are made as of the date of this release. Forward-looking statements in this release may include, without limitation, statements made in Mr. Hayes\u2019 quotation. There can be no assurance that actual future results, performance or achievements of, or trends affecting, us will not differ materially from any future results, performance, achievements or trends expressed or implied by such forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from historical results or the forward-looking statements contained herein; competition from traditional energy companies as well as solar and other renewable energy companies; and the other risks discussed under the heading \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, subsequent Quarterly and Annual Reports on Form 10-Q and Form 10-K, respectively, and other documents that the Company files with the SEC in the future. These factors are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from the results implied by these forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250904278282r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250904278282\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250904278282\/en\/<\/a><\/span><\/p>\n<p><b>For More Information<br \/>\n<\/b><br \/>Investor Contact: <a rel=\"nofollow\" href=\"mailto:investors@sprucepower.com\">investors@sprucepower.com<br \/>\n<\/a><br \/>Media Contact: <a rel=\"nofollow\" href=\"mailto:publicrelations@sprucepower.com\">publicrelations@sprucepower.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America North Carolina Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Environment Utilities Sustainability Alternative Energy Green Technology Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina &#8211; Demonstrates Growing Market Acceptance of Spruce PRO Servicing Solutions and Enables EnerWealth to Scale its Program into a Long-Term Pipeline of Projects DENVER&#8211;(BUSINESS WIRE)&#8211; Spruce Power Holding Corporation (NYSE: SPRU) (\u201cSpruce\u201d or the \u201cCompany\u201d), a leading owner and operator of distributed solar energy assets across the United States, today announced a partnership with EnerWealth Solutions, a North Carolina-based solar development company, to launch the state\u2019s first residential solar plus storage lease program. The partnership is designed to create a robust and growing pipeline of solar and storage projects across North Carolina, bringing affordable, resilient clean energy to thousands of homeowners. The inclusive lease &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spruce-power-wins-competitive-multi-year-spruce-pro-contract-expanding-solar-and-storage-services-in-north-carolina\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-881967","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spruce-power-wins-competitive-multi-year-spruce-pro-contract-expanding-solar-and-storage-services-in-north-carolina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Spruce Power Wins Competitive Multi-Year Spruce PRO Contract, Expanding Solar and Storage Services in North Carolina &#8211; Demonstrates Growing Market Acceptance of Spruce PRO Servicing Solutions and Enables EnerWealth to Scale its Program into a Long-Term Pipeline of Projects DENVER&#8211;(BUSINESS WIRE)&#8211; Spruce Power Holding Corporation (NYSE: SPRU) (\u201cSpruce\u201d or the \u201cCompany\u201d), a leading owner and operator of distributed solar energy assets across the United States, today announced a partnership with EnerWealth Solutions, a North Carolina-based solar development company, to launch the state\u2019s first residential solar plus storage lease program. The partnership is designed to create a robust and growing pipeline of solar and storage projects across North Carolina, bringing affordable, resilient clean energy to thousands of homeowners. 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The partnership is designed to create a robust and growing pipeline of solar and storage projects across North Carolina, bringing affordable, resilient clean energy to thousands of homeowners. 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