Lowe's Selects Sungevity for Residential Solar Partnership
5/16/2011
MOORESVILLE, NC and OAKLAND, C
Lowe’s, the world’s second largest home improvement retailer, and Sungevity, the nation’s fastest growing residential solar company today announced a new agreement 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. Through the agreement, Lowe’s will provide consumers with Sungevity’s quick, easy and proprietary iQuote, a process that utilizes satellite images and aerial photography to calculate a same-day, firm installation estimate, eliminating the need for a home visit. As part of the interactive, in-store experience, consumers will be able to view a rendering of the proposed installation and get a firm understanding of the cost-savings related to Sungevity’s innovative solar lease program. Customers typically experience an immediate savings on their electricity bills through Sungevity’s solar lease, which includes monitoring, maintenance, repairs, insurance, and a money-back performance guarantee. Additionally, as part of the agreement, Lowe’s has taken an equity position in Sungevity.
“I am thrilled about the potential of reaching Lowe’s 15 million weekly customers at their more than 1,750 retail locations, with Sungevity’s services,” said Andrew Birch, chief executive officer, Sungevity. “This partnership marks a major acceleration point in our mission to make solar power easily accessible and affordable to homeowners nationwide.”
“Lowe’s has always delivered innovative energy solutions for our customers and we are seeing an increased demand for solar solutions,” explained Patti Price, senior vice-president, merchandising, Lowe’s. “Lowe’s new partnership with Sungevity responds to customer demand by providing a convenient and affordable process for going solar.”
The partnership will commence with interactive Sungevity branded displays in select Lowe’s stores, beginning Summer 2011, and continue to roll-out at all Lowe’s stores in states where Sungevity provides services. Sungevity currently operates in eight states, including Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York.
About Lowe’s
With fiscal year 2010 sales of $48.8 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 15 million customers a week at more than 1,750 home improvement stores in the United States, Canada and Mexico. The U.S. Environmental Protection Agency (EPA) has named Lowe’s winner of the ENERGY STAR® Sustained Excellence Award in Retail for the second consecutive year, the ninth ENERGY STAR honor for the company’s industry-leading commitment to energy efficiency. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.
“I am thrilled about the potential of reaching Lowe’s 15 million weekly customers at their more than 1,750 retail locations, with Sungevity’s services,” said Andrew Birch, chief executive officer, Sungevity. “This partnership marks a major acceleration point in our mission to make solar power easily accessible and affordable to homeowners nationwide.”
“Lowe’s has always delivered innovative energy solutions for our customers and we are seeing an increased demand for solar solutions,” explained Patti Price, senior vice-president, merchandising, Lowe’s. “Lowe’s new partnership with Sungevity responds to customer demand by providing a convenient and affordable process for going solar.”
The partnership will commence with interactive Sungevity branded displays in select Lowe’s stores, beginning Summer 2011, and continue to roll-out at all Lowe’s stores in states where Sungevity provides services. Sungevity currently operates in eight states, including Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York.
About Lowe’s
With fiscal year 2010 sales of $48.8 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 15 million customers a week at more than 1,750 home improvement stores in the United States, Canada and Mexico. The U.S. Environmental Protection Agency (EPA) has named Lowe’s winner of the ENERGY STAR® Sustained Excellence Award in Retail for the second consecutive year, the ninth ENERGY STAR honor for the company’s industry-leading commitment to energy efficiency. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.
ABOUT SUNGEVITY
Sungevity is a global solar energy provider focused on making it easy and affordable for homeowners to benefit from solar power. Leveraging proprietary remote solar design technology, Sungevity can deliver a quote without a home visit and provide homeowners with visibility to potential savings on their electricity bills. The company continues to grow its global customer base and now services 12 U.S. states, the District of Columbia and the Netherlands. Sungevity is also the residential solar partner to Lowe’s, and was recognized in 2015 by B Corp as one of the “Best for the World” companies for overall social and environmental impact. For more information, visit www.sungevity.com.
CONTACT:
John Ordoña
Sungevity, Inc.
(510) 496-5673
jordona@sungevity.com
