"Our new partnership with Tech CU will diversify SunPower's funding resources while providing our customers with a streamlined process and experience," said Norm Taffe, executive vice president of North American Channels. "This $1 billion commitment will also allow for tens of thousands of SunPower solar systems to be funded over the course of the next four years."
Benefits for SunPower and its customers include:
“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. “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.”
TechCU serves more than 125,000 members living and working throughout the counties of Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, San Francisco, Sacramento, San Joaquin, Solano, Marin, Napa, Sonoma, Los Angeles, Orange and San Diego. In 2019, Tech CU was named the best-performing credit union in CA, and third best-performing credit union in the U.S. for the second year in a row, among the 552 credit unions with assets over $500 million evaluated by S&P Global Market Intelligence.
