Solar energy leader Sungevity announced this week that it was partnering with Lowe’s, “the world’s second largest home improvement retailer,” to help bring solar power to the masses. While solar power is pretty easy to get at a good rate these days, having major retailers like Lowe’s help get people on the solar train is clearly a huge win. Here’s a little more info on how Sungevity, “the nation’s fastest growing residential solar company,” and Lowe’s will be partnering up:
Through the agreement, Lowe’s will provide consumers with Sungevity’s quick, easy and proprietary iQuote, a process that utilizes satellite images and aerial photography to calculate a same-day, firm installation estimate, eliminating the need for a home visit. As part of the interactive, in-store experience, consumers will be able to view a rendering of the proposed installation and get a firm understanding of the cost-savings related to Sungevity’s innovative solar lease program. Customers typically experience an immediate savings on their electricity bills through Sungevity’s solar lease, which includes monitoring, maintenance, repairs, insurance, and a money-back performance guarantee. Additionally, as part of the agreement, Lowe’s has taken an equity position in Sungevity.
Sounds like a pretty huge deal, eh? Bringing affordable solar options to people in a way they are used to and can easily take advantage of… this is some of the biggest news of the week, in my opinion.
And, of course, Sungevity is happy.
“I am thrilled about the potential of reaching Lowe’s 15 million weekly customers at their more than 1,750 retail locations, with Sungevity’s services,” said Andrew Birch, chief executive officer, Sungevity. “This partnership marks a major acceleration point in our mission to make solar power easily accessible and affordable to homeowners nationwide.”
When does this partnership start (in the stores, that is)? This Summer. It will only roll out in states where Sungevity operates, which, at the moment, includes:
- New Jersey
- New York
h/t Climate Progress
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Photo via Neubie