Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce”) announced the first customer for its Spruce Pro servicing business. Spruce signed a multi-year Service Agreement with ADT, under which Spruce Pro will facilitate the management and resolution of workmanship and equipment warranty claims for customers of ADT’s former solar business, which it wound down earlier in 2024.
“We are proud to partner with ADT to provide a solution set to meet the specific servicing needs of the customers of their former solar business,” said CEO Chris Hayes. “This announcement underscores our strong commitment to grow Spruce Pro. Our goal is to unlock value from the significant investment in our servicing platform. This deal demonstrates our ability to provide tailored servicing solutions to the residential solar industry.”
Spruce Pro leverages the Company’s decade-plus experience in management of its wholly owned residential solar assets. Spruce Pro offers a suite of services that can be tailored for third-party owners of distributed generation assets, including financial and asset management operations, customer service support, and environmental commodities trading.
