First Energy Finance, LLC works to transform the way that electricity is generated for homes and businesses throughout the world by providing products and services to accelerate the growth of renewable energy generating projects.
Our team has a strong track record working with the top equipment manufacturers, developers, system integrators, government and aid agencies, utilities, debt and equity investors to optimize project structuring and off-taker agreements.
We’re creative, flexible and welcome the chance to create outside the box solutions to traditional energy financing problems.
Solar, fuel cells, small wind, geothermal heat pumps, biomass, biogas, combined heat and power, energy efficiency, electric vehicle charging stations, LED lighting — commercial and street lights.
Coal, “clean” coal, natural gas, nuclear…
Passionate about financing clean technologies.
David Arfin is the founder and CEO of First Energy Finance. He is driven to bring innovative finance offerings that will accelerate the adoption of renewable energy, energy efficiency and other clean technologies. Arfin invented SolarCity’s groundbreaking SolarLease, a first-of-its-kind solar financing program that enabled over 200,000 residential, commercial and government customers to adopt solar power, save money, and not have to make a large upfront payment. In November 2009, SolarLease was named by Scientific American as the first of twenty world-changing ideas to build a cleaner, healthier and smarter world. Arfin also received the first ever Innovation in PV Financing Award from the Solar Energy Industry Association.
Prior to SolarCity, David was co-founder and CEO of GlooLabs (acquired by Cisco Systems), co-founded Flywheel Communications, and was founder and CEO of CLE Group (acquired by Practising Law Institute). Before going into business, David was a lobbyist for the Association of American Universities, a Coro Fellow in Public Affairs in Los Angeles, and served as an intern in the Israeli Knesset. He has received an MBA from the Stanford University Graduate School of Business, an MA in Public Policy Analysis from the Claremont Graduate University, and a BA in Political Science from UCLA where he graduated Phi Beta Kappa.
Arfin holds US Patents #7904382, Methods for Financing Renewable Energy Systems, and #8249902 Methods of Processing Information in Solar Energy System.
Until recently, Rachel served as the Deputy Director of the SunShot Initiative at the U.S. Department of Energy. SunShot is a presidential level initiative focused on making R&D investments that will drive down the installed cost of solar so that it is cost competitive with traditional forms of electricity by the end of the decade. In this role, she specifically focused on how to reduce the non-hardware costs of solar energy systems such as customer acquisition, permitting, and installation. Additionally, Rachel developed programs and policies to make the U.S. globally competitive in solar manufacturing. Rachel joined DOE in the beginning of the Obama Administration, first focusing on international energy policy with partners such as China and the Latin American region.
Before coming to the DOE, Rachel worked at the former President Bill Clinton’s Clinton Global Initiative in New York as the Commitments Senior Manager focusing on clean energy. There she worked with organizations – from Fortune 500 companies to rural aid organizations – to scope and develop their work in the clean energy and climate space. Rachel has an MSc from the London School of Economics, and a BA with Honors from the University of Michigan, where she was President of the undergraduate student body and continues to be a diehard Wolverine.
First Energy Finance works with developers, operators, investors and lenders in the renewable energy sector throughout the world. Please reach out and let us know how we can partner with you or others in your country. Please e-mail us if you would like to be included on our newsletter or receive future updates.