SunPower has agreed new $1 billion partnership with Technology Credit Union (Tech CU) to expand financing options for qualified U.S. residential solar customers.
The new partnership will give SunPower access to capital for its loan program.
SunPower and its customers will gain several benefits including:
- Reduce the operating costs of SunPower by reducing the financing fees per watt;
- Streamlining of the application for loans and the method of signing contracts for clients;
- Usage of a financing platform that combines sales and system design tools from SunPower that give consumers the opportunity to compare cash, lease, or loan acquisition options all at once.
“Our new partnership with Tech CU will diversify SunPower’s funding resources while providing our customers with a streamlined process and experience. This $1 billion commitment will also allow for tens of thousands of SunPower solar systems to be funded over the course of the next four years.”Norm Taffe, executive VP of North American Channels.
“We are pleased to add SunPower to our growing list of solar funding partners. We look forward to working with them for many years to come.”Deborah Crouch, VP of Strategic Lending Partners at Tech CU.