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ecobee and SunPower Launch Program Helping Homeowners to Take Control of Electricity Costs

TORONTO and SAN JOSE, Calif., March 22, 2016 /PRNewswire/ -- ecobee Inc., maker of the first Wi-Fi-smart thermostat, is teaming up with SunPower, one of the world's most innovative and sustainable energy companies, to help homeowners in California and New York take greater control of their electricity costs. Participating consumers can receive clean, solar electricity from SunPower at prices competitive with traditional sources, while ensuring that energy is efficiently used in the home with ecobee's smart thermostat. As part of the pilot program, SunPower is offering ecobee owners a $500 mail-in rebate with the installation of a high efficiency SunPower solar energy system.

SunPower Logo.

"On average, ecobee owners save 23 percent annually on heating and cooling bills, and in just one year the ecobee3 generates enough savings to pay for itself," said Stuart Lombard, president and CEO of ecobee.  "We are thrilled to now offer our customers a new way to save money and lower their impact on the environment using solar energy. SunPower is an excellent partner to support ecobee's commitment to innovative programs that drive value, savings and efficiency for our customers."

ecobee has solved the biggest problem plaguing all thermostats: they only measure temperature in one location, typically the hallway or living room where it is most likely to be installed. Using room sensors, the ecobee3 is capable of monitoring the temperature in every room of a home. By detecting occupancy in multiple locations, ecobee3 is able to automatically adjust temperatures for those rooms to deliver maximum comfort in the areas of a home that matter most.

"This partnership program helps homeowners maximize electricity savings by combining reliable ecobee smart thermostat technology with high performance solar solutions from SunPower," said Martin DeBono, SunPower senior vice president, residential solar. "Our collaboration with ecobee will help consumers take very simple steps toward building a Smart Energy home of the future that efficiently manages energy production and consumption, giving them greater control of electricity costs."

The SunPower rebate is available to ecobee customers that lease or purchase a high efficiency SunPower solar energy system. SunPower solar panels generate up to 70 percent more energy from the same space over the first 25 years when compared to conventional solar, which can reduce the number of panels needed to meet consumers' energy needs. They are predicted to have an active lifespan of more than 40 years, and come with the industry's best 25-year combined power and product warranty. With flexible financing options, qualified ecobee customers can start saving on solar electricity from SunPower for little to no cost up front. Customers who purchase solar from SunPower, may also qualify for a 30 percent federal income tax credit.

To learn more about the program, estimate solar savings potential, as well as request a free solar quote, ecobee customers can visit http://solar.sunpower.com/asp-ecobee.

About ecobee

ecobee, Inc., based in Toronto, Canada, introduced the world's first Wi-Fi connected smart thermostat in 2009. The company continues to innovate in the smart thermostat space and launched the ecobee3 with remote sensors in 2014. In 2015, the ecobee3 became the first Apple HomeKit-enabled smart thermostat, allowing users to control the device with Siri. ecobee's award-winning thermostats have enabled hundreds of thousands of consumers and businesses to control their home or building comfort anytime and from anywhere, using their smartphone, tablet or computer. The company's partnerships with utilities across North America have delivered innovative and reliable strategies for energy efficiency and demand response. For more information, visit www.ecobee.com.

About SunPower

As one of the world's most innovative and sustainable energy companies, SunPower Corp. (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.

© 2016 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are trademarks or registered trademarks of SunPower Corporation in the U.S. and other countries as well.

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SOURCE SunPower Corp.

For further information: Nate Habermeyer, ecobee, (416) 871-6283, nateh@ecobee.com, or Amy Smith, SunPower, 1-408-457-2718, amy.smith@sunpower.com