Tech CU partners with SunPower to provide $1 billion in solar financing
The new four year commitment continues Tech CU’s momentum in funding green energy
SAN JOSE, CA (May 5, 2020) — Tech CU (Technology Credit Union) announced today it will 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. “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.”
“Through our new partnership with Tech CU, we’re broadening our reach, as well as providing streamlined, efficient financing,” said Norm Taffe, executive vice president of North American Channels. “This is consistent with SunPower’s efforts to constantly bring the best solar products, solutions and services to our customers.”
About Technology Credit Union (Tech CU)
Tech CU is a $4.8 billion Bay Area credit union. As a federally insured not-for-profit organization, Tech CU has invested its resources to deliver superior rates, lower fees, and outstanding service and member benefits for more than 60 years while also supporting quality of life in local communities. It serves more than 169,000 members throughout the United States and provides financial products for all stages of its members’ lives, including personal banking, wealth management, private banking, commercial lending, and business banking. In 2021, Tech CU was named one of America’s best-in-state credit unions by Forbes. S&P Global Market Intelligence has regularly named Tech CU as one of the best-performing credit unions with assets of $100 million or more in California and one of the top 30 nationally (2017-2021). To learn more, please visit www.techcu.com.
About SunPower
As one of the world’s most innovative and sustainable energy companies, SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower’s more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
