SunPower unveiled a new initiative with Bank of America Merrill Lynch that will provide financing to support $220m of residential solar lease projects in the United States.
Lease program allows customers to have best-in-class, high efficiency solar on
their rooftops with highly competitive terms, says SunPower chief financial
officer Chuck Boynton. “This, coupled
with our unprecedented level of energy assurance, results in more value to the
homeowner and increased retained value to SunPower.”
SunPower and BofA
Merrill have worked together since 2009,
when the bank began financing large solar projects SunPower designed and
constructed for public agencies in California.
SunPower says it
has 20,000 customers already enrolled in solar leases.