SunPower Starts Solar Leasing Program for Homes in Australia

SunPower Corp. (SPWR), the second-largest U.S. solar manufacturer, began a solar leasing program in the Australian city of Melbourne targeting residential rooftops.

SunPower will install solar panels for homeowners with no money down, the San Jose, California-based company said in a statement yesterday. Customers will receive power at a cost-competitive monthly rate for 25 years, the statement said.

The company and Google Inc. announced in April that they’re creating a $250 million program to finance residential solar lease projects.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Peter Langan

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.