The non-recourse debt has been made available to SunPower’s residential solar lease programme, under which it leases rooftop PV systems to homeowners at little or no upfront cost.
The homeowners achieve a savings on their electricity bills, while SunPower establishes a recurring monthly revenue stream, and maintains ownership of the PV system.
Solar leasing is a relatively small – but growing – part of Total-owned SunPower’s overall business, which encompasses module supply and utility-scale EPC work.
