SunPower, U.S. Bancorp agree to finance residential solar lease projects

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Greentech Lead America:SunPower announced a new program with U.S. Bancorp to expand financing options available to homeowners interested in high-efficiency SunPower solar power systems.The program is expected to benefit two to three thousand homes. It will provide financing forĀ $100 millionĀ of residential systems, expanding leasing options in nine states. Both SunPower and U.S. Bancorp invested in the program, their first renewable energy partnership.

“U.S. Bank is pleased to help advance SunPower’s efforts to make renewable energy accessible to more American homeowners,” saidĀ Darren VanĀ ‘t Hof, director of renewable energy investments for U.S. Bancorp.Ā “With residential solar systems, more families can take control of their electricity bills and deliver the environmental and health benefits of solar power to their community.”

Currently available inĀ Arizona,Ā California,Ā Colorado,Ā Hawaii,Ā Massachusetts,Ā New Jersey,Ā New York,Ā PennsylvaniaĀ and Vermont, the SunPower Lease is marked by low monthly payments with zero down, the program includes the only direct-from-manufacturer performance guarantee.

“The SunPower Lease program offers homeowners an unprecedented level of assurance that is vitally important when a homeowner enters into a long-term lease agreement,” said SunPower CFOĀ Chuck Boynton.

The SunPower Lease is now available inĀ Arizona,Ā California,Ā Colorado,Ā Hawaii,Ā Massachusetts,Ā New Jersey,Ā New York,Ā PennsylvaniaĀ and Vermont.Ā  In addition to low monthly payments with zero down, the program includes the only direct-from-manufacturer performance guarantee.

“SunPower is the leading manufacturer of rooftop solar power systems in the U.S. because our customers know they can rely on high-efficiency SunPower technology to maximize the power generated on their roof ā€“ and their monthly savings,” saidĀ Howard Wenger, SunPower president, regions. “Our popular lease program allows customers to have the best solar for zero down.”

editor@greentechlead.com

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