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Con Edison and SunPower Partnership Offers Electricity Savings to Greater New York Homeowners
Progressive Collaboration between a Leading Investor-Owned Utility and Solar Company

NEW YORK and SAN JOSE, Calif., April 4, 2016 /PRNewswire/ -- Con Edison, the utility that provides electricity to 3.4 million customers in the New York City area, and SunPower, one of the world's most innovative and sustainable solar companies, today announced a collaboration to offer high-performance SunPower® solar energy systems to homeowners. Con Edison will deliver personalized energy usage details to its customers through the utility's innovative, digital Connected Homes platform starting this spring. By fall, SunPower solar will be highlighted as an effective, clean energy solution for managing consumer electricity costs in Con Edison's Home Energy Reports.

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"Customer engagement is at the heart of our Connected Homes platform, which will provide customers with more energy choices and an ability to manage their consumption," said Jamie Brennan, director of Demonstration Projects for Con Edison. "Customers will get personalized information about their energy usage and an introduction to SunPower's innovative solar solutions."

Prior to designing and installing a SunPower solar power system sized to best meet each consumer's needs, SunPower will work with homeowners to cover the variety of financing options available. Homeowners may choose to own the system through a cash purchase or loan, or lease the system which requires no upfront investment for qualified customers. Owning solar power systems may allow customers to take advantage of federal and state incentives, and may also increase their property value.

"We are pleased to work with Con Edison, making solar more accessible to New York homeowners through this innovative partnership," said Howard Wenger, SunPower president, business units. "SunPower offers industry-leading solar technology that generates 70 percent more energy in the same space than conventional panels over the first 25 years, as well as superior reliability and aesthetics. Combining SunPower's 30 years of experience delivering high-performance solar solutions with Con Edison's long history of delivering electricity to New York homeowners can help further propel the state's new energy vision."

About Con Edison

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $46 billion in assets. The utility provides electric, gas and steam service to customers in New York City and Westchester County, New York. For more information, visit www.coned.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, 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 registered trademarks of SunPower Corporation in the U.S. and other countries as well.

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SOURCE SunPower Corp.

For further information: Amy Smith, SunPower Corp., amy.smith@sunpower.com, 408-457-2718, Media Relations, Con Edison, 212-460-4111