Sungevity Partners with U.S. Bancorp to Offer Solar Lease Program

Sungevity, the leading online solar provider for residential sector, in partnership with U.S. Bancorp is offering a solar lease program to homes in California. In the United States, U.S.Bank’s parent, U.S. Bancorp ranks fifth among the largest commercial banks.

Through this 10-year solar lease offered by Sungevity, home owners in California can have affordable solar power with no upfront costs. The homeowners can avail this lease program through the internet.

Vice President of Renewable Energy Investments for U.S. Bank, Darren Van't Hof, said the bank is delighted to collaborate with Sungevity on this innovative lease program. The bank is convinced that in the coming years, residential solar sector will surpass the commercial sector.

A new tax equity fund has been created by the two companies to help finance solar leases for the potential customers of Sungevity. Its capability to provide affordable and easy residential solar solutions and the company’s innovate online design and sales procedure has enabled Sungevity to become a leading company in the solar market.

President and co-founder of Sungevity, Danny Kennedy, said that the company has always valued its customers and it is delighted to offer this solar lease utilizing the tax equity fund while marinating efficient services to its customers. With a partner like U.S. Bank that believes in solar power, Sungevity ensures that more owners are enabled to enjoy the savings from solar energy.

Sungevity, through the solar leases, which has started this month, has already sold 250 kW under this offer. Using its online "iQuote" process, which allows Sungevity to assess the roofs of customers through aerial photographs and satellite images for their solar potential, the company has been able to provide firm proposals to thousands of customers. The solar lease program has become very popular with more than 1,000 iQuotes requests in the last week alone through its website


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