Bloomberg News

SunPower and Bank of America to Fund $220 Million of Solar Roofs

January 28, 2014

SunPower Corp. (SPWR:US), the second-largest U.S. solar manufacturer, plans to develop $220 million of U.S. residential rooftop solar projects through a leasing program with Bank of America Corp. (BAC:US)

Homeowners will get solar systems with SunPower panels at little to no upfront cost by agreeing to buy the electricity through long-term contracts, the San Jose, California-based company said today in a statement.

SunPower has about 20,000 existing solar leasing customers. First Solar Inc. is the biggest U.S. panel maker.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • SPWR
    (SunPower Corp)
    • $29.41 USD
    • 0.32
    • 1.09%
  • BAC
    (Bank of America Corp)
    • $17.12 USD
    • 0.12
    • 0.7%
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