
SunPower Corp. and Hannon Armstrong Sustainable Infrastructure Capital agreed to a $42 million deal to finance SunPower’s residential lease program.
SunPower Corp. and Hannon Armstrong Sustainable Infrastructure Capital agreed to a $42 million deal to finance SunPower’s residential lease program.
The transaction allows SunPower to leverage its existing lease assets and expand its program while increasing its cash position and strengthening its balance sheet. More than 20,000 Americans are enrolled in the company’s lease program.
“We are pleased to announce our new relationship with SunPower, facilitating their ability to make rooftop solar power systems accessible to more American homeowners,” said Jeffrey Eckel, president and CEO of HASI. “With this investment, we are further diversifying our portfolio of economic, reliable and sustainable distributed energy assets, targeting assets that can produce sustainable yield.”
In addition to attractive terms and low monthly payments, the SunPower lease includes one of the solar industry’s only direct-from-manufacturer performance guarantees.
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