SunPower, BofA To Develop $220M Of Residential Solar

Law360, New York (January 28, 2014, 3:32 PM EST) -- SunPower Corp. is teaming up with Bank of America Merrill Lynch to finance $220 million worth of residential solar lease projects, the companies announced Tuesday.

Under the program, customers can sign up to install home solar cells with little up-front cost and pay through a contractual agreement. SunPower has 20,000 customers in the arrangement already, the company said.

"With this investment in residential solar systems, we are expanding our portfolio of solar installations with SunPower beyond commercial and government entities to now include installations in individual...
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