Spruce Power Holding Corporation was incorporated in Delaware on March 20, 2019. The company generates revenue primarily by selling electricity generated by its residential solar systems to homeowners under long-term agreements that require the company's subscribers to make regular monthly payments and provide services for other institutional owners of residential solar systems under these agreements. The Company holds affiliated fund companies that own and operate a portfolio of residential solar systems. The company is also in the business of energy efficiency and solar loan services. The company provides services including asset management services and operation and maintenance services for residential solar PV projects, in addition to loan servicing support, enabling residential consumers to fund energy efficient home improvements and residential solar systems.