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Investor Presentation

Spruce Business Overview A Premier North America DG Solar Platform Rooftop Solar Portfolio Spruce owns more than 72,000 rooftop solar systems and contracts representing 413MW of capacity(1), supported by long- term subscription agreements with homeowners + Spruce Servicing Spruce provides management services to its own portfolio as well as over 7,500 stand-alone systems (1)(2) owned by other companies, totaling about 80,000+ systems and customer contracts. Residential Power Markets Spruce has dedicated M&A and Environmental Commodities Management (ECM) market professionals focused on acquiring high-quality rooftop solar systems and clean power credits KER ลล (1) As of 12/31/2022, pro forma the acquisition of the Spruce Power 4 Portfolio announced on March 23, 2023. (2) Spruce provided management services to the Spruce Power 4 Portfolio prior to its acquisition and previously considered the underlying systems in its stand-alone system count. Giving no effect to the acquisition, Spruce provided management services to approximately 30,000 stand-alone systems as of 12/31/2022. , spruce 7
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