SunPower is to trial a residential leasing scheme in Melbourne, Australia.
The SunPower Choice programme will offer solar power at a pre-determined rate for 25 years with no upfront payment.
The company has included a money-back guarantee should the system under-perform. SunPower will also be responsible for monitoring the systems.
“SunPower reinforces its commitment to the Australian market with SunPower Choice, a financing option designed to help more homeowners save on electricity with SunPower solar panels, the most efficient on the market today,” claimed Tom Werner, president and CEO of SunPower. “When combined with SunPower's unrivalled energy assurance, SunPower Choice delivers the savings and reliable, emissions-free energy our customers expect from us, for no money down and at rates that beat traditional electricity prices,” added Werner.
Customers can end the lease and have it removed at any point for a fee. After the lease reaches its natural end, they will have the option to buy the system or to extend the agreement.
There was bad news for large-scale solar in Australia yesterday as Prime Minister Tony Abbott appeared to direct the panel reviewing the renewable energy target (RET) to scrap it.
A 100MW concentrated PV project announced it was pulling out of its financial agreements as a result of RET uncertainty.