Lowe's to offer Sungevity quick solar panel quote
Home improvement retailer invests in Sungevity and will offer its solar panel quote service in store displays later this year.
Home improvement chain Lowe's is investing in solar installer Sungevity, which will offer customized solar installation quotes in Lowe's stores.
Sungevity said today that this summer Lowe's will have in-store displays at some locations where customers can get a quote for installing. Sungevity uses the aerial photography to generate the bid without the need for a visit. It will also be able to provide Lowe's customers with a rendering of what panels would look like and projected monthly electric bills.
The company is one of a growing number of solar installers that offer a, where homeowners pay a monthly fee rather than the full upfront cost of panels and installation. The lease model, where the installer or third party owns the panels, is designed to result in a lower monthly electric bill.
The agreement with Lowe's is a step toward making solar power broadly available to consumers nationwide, Sungevity CEO Andrew Birch said in a statement. The company operates in Arizona, California, Delaware, Maryland, Massachusetts, New Jersey, and New York.
Lowe's said it is seeing a growing demand for solar power. "Lowe's new partnership with Sungevity responds to customer demand by providing a convenient and affordable process for going solar," Patti Price, Lowe's senior vice president of merchandising, said in a statement.
Some home improvement stores are starting to offer solar power products, but installation of the electrical portion of solar panels should be done by a professional. Having solar power installers could make it easier for homeowners considering a move to solar but unsure of the process of contacting installers.
Home Depot has a partnership with solar installer SolarCity in Arizona and California and with SunRun in Hawaii, Massachusetts, New Jersey, and Pennsylvania, according to a Bloomberg report.