GoodLeap, a technology for financing and software products to deploy sustainable solutions, 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, a global investment firm, and aims to help further bolster the launch of GoodLeap’s residential solar and storage lease and power purchase program (PPA).

“Since the company started, GoodLeap has always focused on meeting the homeowner where they are in their sustainability journey,” Matt Dawson, chief revenue officer of GoodLeap, said. “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,” Michael Feldman, founder and managing partner at TIP, said. “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,” Can Baysan, director at ATLAS SP, said. “This will deliver clean energy solutions to homeowners across the country.”