Hayes Barnard

Hayes Barnard is an American entrepreneur and philanthropist, known for his role as Chief Revenue Officer at SolarCity. Barnard is currently the founder, chairman and CEO of GoodLeap (formerly known as Loanpal and Paramount Equity Mortgage).[1][2] Paramount Solar, a subsidiary of his holding company, was acquired by SolarCity in 2013 for $120 million.[3]

Hayes Barnard
NationalityAmerican
OccupationFounder, Chairman, CEO of GoodLeap
Founder, Chairman, CEO of GivePower

Barnard is also the founder, chairman, and CEO of GivePower, a nonprofit that facilitates solar powered projects to provide clean water and energy systems to underserved communities.[4]

Career

In September 2003, Barnard founded Paramount Equity Mortgage (later renamed to Loanpal and subsequently rebranded to GoodLeap)[5] which provided residential home loans.[1][6] Prior to that, he worked at Oracle as a sales executive.[3] In 2008, he founded Paramount Solar, a subsidiary of Paramount Equity Mortgage, and became CEO.[1]

In 2011, Guthy-Renker became an investor and business partner assisting in the growth of Paramount Equity Mortgage and Paramount Solar.[6] Barnard and Guthy-Renker also partnered with SolarCity.[3]

In 2013, Paramount Solar was acquired by SolarCity for $120 million[3][7] and Barnard became SolarCity’s Chief Revenue Officer.[8][4] As Chief Revenue Officer, he managed a team of 8,000.[9] He was also responsible for the company’s growth and grew megawatts installed 300% from 2013 to 2015.[10][3][11]

In 2014, Barnard founded GivePower[4][10] while at SolarCity.[4] GivePower is a 501(c)(3) nonprofit organization[12] that develops clean water and energy systems in underserved communities in developing countries.[13][14] GivePower has developed water and energy systems in 17 countries,[13] including communities in Africa, Asia, and Latin America.[8][4]

In 2016, Barnard left SolarCity and took on the role of chairman and CEO of Loanpal (later rebranded to GoodLeap).[1][10][15] Loanpal is a financial technology platform that provides financing for clean energy products, by connecting solar installers, homeowners, and banks.[16] A year after launching, it was financing 21% of all residential solar installs.[9][16][14]

In 2018, Barnard’s non-profit organization built a solar-powered desalination system in Kiunga, Kenya that produces 19,800 gallons of fresh drinking water a day.[13][17] The organization also assisted the Sioux Nation in North Dakota in developing a 300-kilowatt solar farm in North Dakota, the first solar farm in the state.[4][18]

In 2020, Barnard started an asset management fund, GoodFinch.[2]

References
  1. Pyper, Julia (2019-04-22). "Loanpal Rockets to Second-Largest Solar Loan Provider in the US". www.greentechmedia.com. Retrieved 2020-03-11.
  2. Levy, Ari (2021-01-27). "Exec who quit SolarCity now runs the leading lender for solar installations". CNBC. Retrieved 2021-02-01.
  3. Levine, David. "Generating Business: How I Discovered The Social Side Of Sales". Forbes. Retrieved 2020-03-11.
  4. DeBord, Matthew (2019-07-23). "This former SolarCity exec is trying to reinvent 2 parts of the solar business". Business Insider. Retrieved 2020-03-11.
  5. "Tesla's solar retreat provides opening for Loanpal's return". Asset Securitization Report. 2019-03-07. Retrieved 2020-03-11.
  6. "California Lender Paramount Equity Pairs with Infomercial Creator Guthy-Renker". American Banker. 2011-03-08. Retrieved 2020-03-11.
  7. "Top Execs of 2013: Hayes Barnard". Sacramento Business Journal. 26 December 2013. Retrieved 2020-03-16.
  8. Wang, Ucilia. "SolarCity Buys Paramount Solar To Boost Homeowner Outreach". Forbes. Retrieved 2020-03-11.
  9. "This Lender Has Quickly Become the Leader in Solar Finance". Lend Academy. 2019-05-02. Retrieved 2020-03-30.
  10. "Financing the Clean Energy Future Loanpal". The Silicon Review. Retrieved 2020-03-16.
  11. "SolarCity Form 10-K 2015". SEC. Retrieved 2020-05-08.
  12. "How This Foundation is Bringing Power to the People". Inside Philanthropy. Retrieved 2020-03-11.
  13. "Solar-power desalination produces 20,000 gallons of fresh water each day • Earth.com". Earth.com. Retrieved 2020-03-11.
  14. "Spaceship-Like Tesla Powerwall Setup Produces 50K Liters of Water a Day". Inverse. Retrieved 2020-03-11.
  15. "Dividend Finance Enters Solar Loan Partnership With KeyBank". Greentech Media. Retrieved 2020-05-01.
  16. "The 3 Huge Trends Driving the Imminent Solar Energy Revolution". Inverse. Retrieved 2020-03-11.
  17. "A solar-powered system can turn salt water into fresh drinking water". ICAST. 2019-09-06.
  18. "Solar Power Comes To Standing Rock Reservation". CleanTechnica. 2019-07-20. Retrieved 2020-03-11.
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