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Thursday, May 19, 2011

Lowe's To Offer Sungevity Solar Panel Estimates

Wonder how much solar panels on your home would cost and how much power they'd produce? An easy answer will soon be at hand at Lowe's home improvement stores in eight U.S. states.

Beginning this summer in California, select Lowe's stores will have kiosks provided by residential solar company Sungevity. These booths will feature the company's iQuote system, which uses aerial and satellite imaging to give shoppers a firm installation estimate within 24 hours. The California-based company offers solar leases, which include monitoring, repairs, and a money-back guarantee.

"I am thrilled about the potential of reaching Lowe's 15 million weekly customers at their more than 1,750 retail locations," Andrew Birch, Sungevity's chief executive officer said Monday in announcing the deal, which gives Lowe's an undisclosed equity position in his company.

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