Welcome!

News Feed Item

SunPower Partners with Community First Credit Union to Offer Flexible Financing for Residential Solar Energy Solutions in Australia

Low-interest SunPower Solar Loan Allows Eligible Homeowners to Own their Solar Power System Outright with No Up-front Costs

SAN JOSE, Calif. and MELBOURNE, Australia, Aug. 20, 2013 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), a leading solar technology and global energy solutions provider, today introduced the SunPower Solar Loan for homeowners in Australia. Affordable payment options are designed to help customers finance a high efficiency, residential SunPower solar system over time, as it simultaneously produces electricity from rooftops. In many cases, a system sized to closely match the homeowner's energy needs is expected to generate savings in excess of monthly loan payments.

The SunPower Solar Loan is being made available by Community First Credit Union (Community First) to qualified borrowers. Applicants are approved based on Community First's credit criteria and are not required to provide property as collateral. The unsecured personal loan is available for terms of up to 10 years, though borrowers can repay principal on the loan early without penalty.

"The SunPower Solar Loan option is a cost-effective way for homeowners to install the most efficient and reliable solar power systems available, and start saving on their energy bills today," said Community First Chief Executive Officer John Tancevski. "We are happy to offer a longer than usual loan term with the SunPower Solar Loan because SunPower panels are guaranteed to produce more electricity than any others on the market for 25 years, generating greater long-term savings for our customers."

After an authorized SunPower partner conducts a free solar evaluation, interested homeowners can determine which loan best fits their budget and estimate monthly payments with Community First's online calculator tool. Homeowners can then apply for the SunPower Solar Loan with Community First either online or over the phone. If pre-approved, Community First will work with homeowners to finalize the solar loan.

"The Australian residential solar market has developed a need for innovative financing solutions like the SunPower Solar Loan offered by Community First," said SunPower President and CEO Tom Werner. "By combining SunPower's leading solar technology with Community First's financial expertise, we're offering customers in Australia the world's most efficient solar power systems with no upfront system costs and significant energy savings over time." 

Both Community First members and non-members can access the SunPower Solar Loan which is available in amounts up to AU$35,000 for the purchase of a residential SunPower system.

SunPower Solar Loan options for qualified borrowers include:

  • An introductory variable rate starting at 6.99 percent per annum[1] (7.10 percent per annum[2] Comparison rate) for applications now to December 31, 2013
  • Fixed rate of 7.49 percent per annum[1] (7.52 percent per annum[2] Comparison rate) for the first five years and then reverting to the variable interest rate at that time

In addition to the SunPower Solar Loan, homeowners in Australia can obtain SunPower systems through a cash purchase.

Since 2009, SunPower has partnered with financial providers to make short- and long-term solar loans available to qualified residential customers in the United States.

About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpowercorp.com.

About Community First Credit Union
Community First is Sydney's largest community based credit union and has been in operation since 1959. Community First has over 68,500 Members, 11 Financial Services Stores and over $765 million in assets under management.  For fifty years, the focus at Community First has been on building financial relationships that deliver our promise to benefit Members through standards of service superior than our competitors, fairer fees and competitive interest rates on savings and loans.

SunPower is a registered trademark of SunPower Corporation in the U.S. and other countries. All other trademarks are the property of their respective owners.

Community First Credit Union Ltd ABN 80 087 649 938, AFSL/Australian Credit Licence No.  231204. All lending is subject to lending guidelines. Terms and conditions, fees and charges apply – details available on application.

[1]Rate is current as at 15/08/13 and subject to change without notice. Discounted variable interest rate is 0.13%p.a. off the standard variable rate. Discounted variable rate will apply to the life of the loan to eligible applicants who apply by 31st December 2013. Fixed rate option reverts to the standard variable rate current at the end of the fixed period.

[2] WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Example is based on $30,000 over 5 years.

SOURCE SunPower Corp.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.