SunPower and ConEdison Solutions are partnering to bring a residential solar photovoltaic (PV) system leasing program to the state of New York, according to recent reports. The new program will give residents in the area the option of leasing high-efficiency SunPower solar power systems at “affordable” rates.
The systems will be leased by ConEdison Solutions via terms of up to 20-year periods — a setup that will see users pay monthly leasing payments to the company. SunPower will then be providing the systems with a 20-year limited warranty, as well as a production guarantee for every system.
“Increasing numbers of New York families are choosing solar leases, and we want to make their decision as easy as possible. We are combining the strength of our trusted brands to meet the demand for reliable, rooftop solar solutions,” stated Michael Perna, Vice President of ConEdison Solutions. “Through this residential lease program, homeowners may save on their electricity from day one after activation, with no upfront costs. They’ll also be helping reduce carbon emissions by increasing the use of clean, reliable solar power in our communities.”
“With high quality SunPower systems, ConEdison Solutions’ customers can depend on a high level of energy assurance compared to systems using conventional solar technology,” commented Howard Wenger, SunPower president, business units. “More than 27,000 U.S. homeowners are leasing SunPower solar power systems today. We are pleased to team with ConEdison Solutions to extend the program and make solar accessible to more New York families.”
Given the commercial standing of the two companies, and the growing market for residential solar systems in the state, the new leasing program seems likely to be, at the very least, fairly successful.
This new program follows previous cooperation between the two companies on various projects — including the development of a 1.28 megawatt (MW) rooftop system on the top of Boston Scientific Corporation’s international distribution center in Quincy, Massachusetts.
Image Credit: SunPower