SunPower announces ultra-low APR loans for residential solar and storage customers

SunPower has announced new ultra-low annual percentage rate (APR) loans for residential solar and storage customers. The company’s new offerings include rates as low as 0.99% for a 15-year loan and 1.99% for a 25-year loan. The loans, offered through Technology Credit Union (TCU), are available for the company’s residential system SunPower Equinox and its SunVault battery.

“Consumers are demanding better, cleaner, more reliable energy. With this new ultra-low loan offering, we are enabling more people to achieve just that — all while saving money on their electricity bills,” said Norm Taffe, Executive Vice President at SunPower.

With this new ultra-low APR offering, average SunPower customers can now purchase a 4-kW solar system for as low as $72 a month. This new offering is now available in 17 U.S. states, representing nearly 90% of the U.S. home solar market. SunPower will expand to additional states throughout the year.

News item from SunPower