SunPower bids to ease PV affordability hurdles through new financial services launch

Facebook
Twitter
LinkedIn
Reddit
Email
SunPower said the launch of financial services would help PV become more affordable in the US. Image: SunPower.

US residential solar installer SunPower has launched a new financial services product aimed at making domestic renewables more affordable.

SunPower Financial will facilitate no-money down installations, offering credit limits of up to US$150,000 for qualified customers and expand access for home solar installs by introducing new financial products to the market featuring expanded eligibility criteria.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

While customers with credits scores in excess of 600 will be served by SunPower Financial, financial offerings will also be made available for shared roofs, leased land, mobile homes and accessory dwelling units, such as added apartments or external offices.

Qualified customers will also be offered loans with a 0% interest APR for up to 25 years.

The products are available now in six US states and can support the purchase of SunPower’s Equinox PV and SunVault energy storage products.

SunPower said the launch of its financial institution will remove the need for customers to need a third-party lender to manage financing, offering a “seamless solution” from system design to sales, installation, warranty and financing.

Jason MacRae, executive vice president of financial products at SunPower, said the benefits of residential PV should be available to all Americans, “regardless of their zip code or income”.

 “By bringing financing in-house, we can lower the barrier of entry for U.S. consumers to own their home solar and storage system,” he added.

Equitable access to solar, energy storage and other renewables technologies has long been a consideration for the industry but has been drawn into renewed focus in light of this year’s COP26 summit. A key focus of the event was ensuring that the shift towards cleaner energy systems is as just as possible, with US Energy Secretary Jennifer Granholm highlighting the need to increase access to the benefits of such systems to poorer communities.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 24, 2025
Spanish independent power producer (IPP) Sonnedix has raised €2 billion (US$2.35 billion) through two refinancing transactions in Europe.
July 24, 2025
Spanish energy utility giant Iberdrola has recorded over €3.5 billion in net profits in the first half of 2025 as it continues to expand investments in grid networks and high-value markets.
July 24, 2025
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the 28 April blackout, which affected the Iberian Peninsula.
July 23, 2025
US-based microinverter manufacturer Enphase Energy saw a decline of two percentage points in its gross margin for Q2 2025 due to Donald Trump's “reciprocal” tariffs regime.
July 23, 2025
A rise in global tariffs could impact solar PV and battery energy storage system (BESS) installations in the US and EU by up to 10% by 2035.
July 22, 2025
Statkraft has posted quarter-on-quarter declines in electricity generation and earnings in the second quarter of this year.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK