SunPower, Bank of America in $220 Million Rooftop Program

SunPower Corp. (SPWR), the second-largest U.S. solar manufacturer, plans to develop $220 million of U.S. residential rooftop solar projects through a leasing program with Bank of America Corp.

Homeowners will get solar systems with SunPower panels at little to no upfront cost by agreeing to buy the electricity through long-term contracts, the San Jose, California-based company said today in a statement.

SunPower has about 20,000 existing solar leasing customers. First Solar Inc. is the biggest U.S. panel maker.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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