SAN JOSE, Calif., Jan. 26, 2021 /PRNewswire/ -- As demand for solar
increases across the country, SunPower (NASDAQ: SPWR), a leading
solar technology and energy services provider, is announcing plans
to significantly expand its SunPower Residential Installation
(SPRI) program this year. SunPower plans to launch SPRI presence in
seven new markets across six states by the end of Q2 2021.
SPRI enables local companies and entrepreneurs to create or
expand their solar energy companies without the complex and
asset-heavy roles often associated with a traditional solar dealer
business. With SPRI, sales organizations and small businesses can
focus on marketing and selling solar while SunPower manages the
entire process of rooftop installation, maintenance and repair,
customer service, and warranty. This structure lowers the
barrier-to-entry for those that want to enter the fast-growing
renewable energy sector, provides new channels for SunPower to meet
the demand of its rapidly growing customer base, and gives
homeowners more options when buying solar.
Organizations that work with SPRI are part of SunPower's
Non-Installing Dealer network. Non-Installing Dealers get access to
the industry's most advanced platform to market, present, design
and sell SunPower® systems to homeowners. SunPower's turnkey
software enables non-installing dealers to customize each project
from panel placement to financing options.
"With SPRI we are increasing the size of the solar category by
enabling entrepreneurs to create sales and marketing-focused solar
businesses," said Tony Garzolini, VP
of Sales at SunPower. "Our strong installing dealer network
continues to be the foundation we rely on, but you no longer have
to own construction equipment and manage a customer support team to
be a part of this incredibly exciting industry."
In the first quarter of 2021, SunPower will launch SPRI in:
- Tucson, Ariz.
- Fresno and the Greater Central
Valley, Calif.
- Orlando and Ft. Lauderdale, Fla.
Later this year it will launch in Denver Colo., Raleigh, N.C., and the DC Metro Area. The
company plans to hire more than 300 field technicians across these
cities in 2021 and to complete twice as many installs year over
year.
For a list of all SPRI locations, or for more information about
becoming a SunPower installer, please visit:
https://us.sunpower.com/dealers-installers/become-sunpower-installer.
To learn more about to becoming a SunPower Non-Installing
Dealer, visit
https://us.sunpower.com/dealers-installers/become-sunpower-dealer.
About SunPower
Headquartered in California's Silicon Valley, SunPower
(NASDAQ:SPWR) is a leading Distributed Generation Storage and
Energy Services provider in North America. SunPower offers the
only solar + storage solution designed and warranted by one company
that gives customers control over electricity consumption and
resiliency during power outages while providing cost savings to
homeowners, businesses, governments, schools and utilities. For
more information, visit www.sunpower.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements regarding our
future business plans, including our planned expansion and
anticipated entry into new markets, as well as anticipated hiring
and the planned addition of new dealers to our network, and areas
of focus. These forward-looking statements are based on our current
assumptions, expectations, and beliefs and involve substantial
risks and uncertainties that may cause results to materially differ
from those expressed or implied by these forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to: regulatory changes and
the availability of economic incentives promoting use of solar
energy and changes in our business strategy. A detailed discussion
of these factors and other risks that affect our business is
included in filings we make with the Securities and Exchange
Commission (SEC) from time to time, including our most recent
reports on Form 10-K and Form 10-Q, particularly under the heading
"Risk Factors." Copies of these filings are available online from
the SEC or on the SEC Filings section of our Investor Relations
website at investors.sunpowercorp.com. All forward-looking
statements in this press release are based on information currently
available to us, and we assume no obligation to update these
forward-looking statements in light of new information or future
events.
©2021 SunPower Corporation. All Rights Reserved.
SUNPOWER and the SUNPOWER logo are registered trademarks of
SunPower Corporation in the U.S.
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SOURCE SunPower Corp.