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 email@example.com
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Iain Wilson, Peter Langan