SAN JOSE, Calif.– Technology Credit Union has announced plans to provide $1 billion in financing for residential solar loans via a partnership with SunPower, a sustainable energy company that provides customers with complete solar solutions and services.
“We have enjoyed unprecedented success as one of the first lenders to partner with third-party finance providers in this space, and are thrilled to add SunPower, a premium solar equipment manufacturer and solution provider, to our growing list of solar funding partners,” said Todd Harris, CEO of Tech CU, in a statement. “The combination of solar energy solutions coupled with finance solutions from providers like SunPower have made a huge difference in terms of making financing and acquiring solar loan systems easier and more mainstream. As a leader in solar financing, we are committed to continuing our support to finance solution providers in the solar and green energy space, and we are working on additional projects that will help us expand our loan capacity even more in the future.”
Added Norm Taffee, EVP-North American Channels with SunPower, “Through our new partnership with Tech CU, we’re broadening our reach, as well as providing streamlined, efficient financing. This is consistent with SunPower’s efforts to constantly bring the best solar products, solutions and services to our customers.”
The $3-billion Tech CU has more than 125,000 members.