14th July 2024

SunPower Monetary, the in-house monetary providers establishment of SunPower – a residential photo voltaic know-how and vitality providers supplier – has entered into an settlement in precept with ADT Photo voltaic, a division of ADT Inc., to turn into the unique lease and PPA supplier for ADT Photo voltaic’s clients.

Via this settlement, ADT Photo voltaic expects to start providing clients a lease choice for the primary time, making photo voltaic accessible to extra Individuals. SunPower Monetary will act because the unique lessor for ADT Photo voltaic clients who select to finance with a lease or energy buy settlement.

“We stay up for working collectively and offering ADT Photo voltaic clients with enticing lease and PPA choices to make the choice to modify to photo voltaic a simple one,” says Jason MacRae, govt vice chairman of monetary merchandise at SunPower.

In keeping with unbiased analysis commissioned by SunPower, practically two in three Individuals who would think about photo voltaic don’t suppose they might afford to make the swap. Monetary merchandise like leases, PPAs and loans enable certified clients to undertake renewable vitality with no cash down by financing their system for as much as 25 years.

ADT Photo voltaic intends to make merchandise supplied by SunPower Monetary obtainable to its clients this yr.

Picture by Freepik

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