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SunPower Partners with Orchard Supply Hardware to Offer High Efficiency Solar Power Systems

SAN JOSE, Calif., Nov. 2, 2011 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWRA, SPWRB) today announced it is offering its high efficiency solar power systems to Orchard Supply Hardware customers via information displays at Orchard Supply Hardware's California stores and at www.OSH.com. The displays and online information describe the features of SunPower residential solar technology, the process for installing a home solar power system, and information on contacting a local SunPower dealer.

Also available is information on financing options for the systems, including the SunPower® Lease. In addition to low monthly payments with no upfront cost, benefits of the lease program include a direct-from-manufacturer performance guarantee and an early buy-out option that allows homeowners to capitalize on solar home resale values. Homeowners can also obtain SunPower systems through a cash purchase or SunPower's loan program, which offers a variety of low-interest options.

"Orchard Supply Hardware is committed to offering our customers the highest quality service and products," said Chief Marketing Officer Tom Carey of Orchard Supply Hardware. "We're pleased to offer homeowners the opportunity to lease or buy SunPower solar power systems."

"Orchard Supply Hardware customers can rely on SunPower systems to deliver guaranteed performance -- maximizing the power generated on the roof, and their monthly savings, over the long-term," said Tom Werner, SunPower president and CEO. "Homeowners have many financing options when they choose a SunPower system, and SunPower dealers work with customers to ensure they choose the financing option that is right for them. We are very pleased to announce our products will now be offered through Orchard Supply Hardware stores and their online channel."

Orchard Supply Hardware, which is headquartered in San Jose, California, is a leading chain of 89 hardware and garden retail stores located throughout California.  Orchard Supply has a rich heritage, having started in 1931 as a farmers' cooperative in Santa Clara Valley offering supplies to local growers.

About SunPower

SunPower Corp. (NASDAQ: SPWRA, SPWRB) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.

SunPower is a registered trademark of SunPower Corp.  All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.

For further information: Ingrid Ekstrom, SunPower Corp., iekstrom@sunpowercorp.com, +1-510-260-8368