Today, we announced an exciting new partnership with Lowe’s that will offer homeowners the easiest and most affordable solar solutions in the marketplace, marking a significant step in the mainstream adoption of residential solar. Get ready for more maraca shaking in the halls of Sungevity hq! As part of the agreement, Lowe’s also has taken an equity position in our company.
Through the partnership, Lowe’s will provide consumers with our quick and easy iQuote experience in their stores. The partnership will allow consumers to view a rendering of the proposed installation and get a firm understanding of the cost-savings related to our innovative solar lease program.
Our CEO Andrew Birch said:
“We are thrilled about reaching out to Lowe’s 15 million weekly customers at their more than 1,750 retail locations. The partnership marks a major acceleration point in Sungevity’s mission to make solar power easily accessible and affordable to homeowners nationwide.”
The partnership will begin with interactive Sungevity displays at select Lowe’s stores, beginning Summer 2011, and will continue to roll out at all Lowe’s stores in states where we provide service, including Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York.