SunPower, Citi Form Partnership To Finance $105M In Residential Solar Projects


SunPower Corp. and Citi have announced a new fund for approximately $105 million in residential solar lease projects.

SunPower will use the fund to extend its SunPower Lease to customers in eight states: Arizona, California, Colorado, Hawaii, Massachusetts, New Jersey, New York and Pennsylvania. Citi is contributing $80 million.

In addition to low monthly payments with zero dollars down, benefits of the program include a direct-from-manufacturer performance guarantee and an early buyout option that allows homeowners to capitalize on solar home resale values, according to SunPower.

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