Bank of the West, SunPower Enter Program Agreement for Solar Financing

Bank of the West closed a new program with SunPower that will provide SunPower Commercial dealers a new financing option as part of a one-stop-shop complete solution. Bank of the West contracts and servicing will be private-labeled as SunPower Commercial Capital.

“This new financing program will provide timely liquidity to help our commercial dealers offer customers attractive returns on solar, without large upfront capital outlays, which is especially important in a tough economic market,” Tom Werner, CEO and chairman of the board for SunPower, said. “This effort, similar to our successful program in our residential dealer channel, also enhances our one-stop shop complete solutions approach where small commercial customers will now have the benefit of SunPower’s industry-leading Helix Roof and Carport solar systems, award-winning Helix Proposal software and now highly-competitive operating and capital lease financing.”

“We are thrilled to team up with SunPower to bring innovative and sustainable energy solutions to customers,” Tristan Watkins, executive vice president of Bank of the West Equipment Finance, said. “Bank of the West is taking action to finance a sustainable tomorrow and I’m proud to extend our impact by working with SunPower to deliver simple and flexible financing solutions to their channel partners and commercial clients.”

SunPower is a commercial direct solar solutions provider.

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