LOWE’S ADDS SUN

Lowe’s Selects Sungevity for Residential Solar Partnership; Second Largest Retailer and Fastest Growing Residential Solar Company Set Stage for Mass Adoption of Residential Solar Power
May 16, 2011 (Sungevity)

"Lowe’s, the world’s second largest home improvement retailer, and Sungevity, the nation’s fastest growing residential solar company…[have] 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…

"…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…"

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"…[T]he interactive, in-store experience…[will allow consumers] 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…"

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"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…

"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 [the eight] states where Sungevity provides services…Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York."