SunPower Q4 Results
Are you tired of paying big electricity bills month after month? Going solar is your best option for big savings, and now, thanks to SunPower, it is less expensive and easier than ever before.
This is what you are about to discover:
SunPower is an American energy company founded by Richard Swanson & Richard Crane in 1985. It started as EOS Electric Power. In 1988 it was renamed SunPower. In 1990 the business received moneying to start manufacturing solar cells. In 1992 began shipping them to consumers.
What Is SunPower?
SunPower is understood to design, manufacture, and deliver a vast array of high-performance solar electrical systems throughout the USA, for business and domestic purposes.
It is also worthwhile to point out that NASA likewise has actually used SunPower’s cutting edge cell technology for their space programs.
But NASA is not the only one who has actually relied on SunPower products. Solar Impulse 2, a zero-fuel airplane, set a world record for ending up being the first solar airplane to fly worldwide, likewise utilizes SunPower solar cells.
There are a lot of case studies out there utilizing SunPower items, from schools, industries, and homeowners, saving millions $$ in the process of going solar.
SunPower has just recently chosen to transform its manufacturing division into a new company called Maxeon Solar, while SunPower will focus solely on the customer and service side, installing photovoltaic panels.
The division started with a $298 million investment by SunPower’s partner and the world’s leading provider of silicon wafers, Tianjin Zhonghuan Semiconductor Co. (TZS).
Why The Creation Of Maxeon Solar?
The objective is to optimize the core operations of the two business without mixing them. “This transaction will also simplify both organizational structures, reducing costs, while improving efficiency and creating more agile businesses,” SunPower CEO Tom Werner said during a November 11 teleconference.
Maxeon Solar will handle production and technological innovation, giving SunPower the capability to focus entirely on broadening its market share versus its competitors, such as Canadian Solar.
Fixing The Problem Of Solar Energy Consumption
SunPower is engaged in the production and sale of photovoltaic panels, and they provide a wide range of item choices.
Solar panels are alternative sources of energy. They are made up of solar cells that transform sunlight (and not only light) into electricity.
A total set consisting of solar panels, inverters, batteries, and controllers is called a Solar Power Plant. All this can be bought from the company.
Furthermore, they provide a guarantee for 25 years, unlike others who provide just 10 years. Likewise, when buying from them, they will bring and set up batteries and everything you require for free.
SunPower Q4 Results
Products That SunPower Offers
SunPower manufactures numerous products, all related to solar power, like photovoltaic panels, complete systems, solar cells, total roof-integrated solar systems, and solar battery storage.
Let’s dig in …
SunPower Solar Panels
SunPower uses four series of solar panels. They are enhanced for various applications:
Do you want to maximize your life time savings? Then SunPower A-Series panels is for you. A-Series provides the most effective cell and highest wattage panels you can place on your roofing.
SunPower presented the world’s very first 400-watt solar panel, which means you can have more power than ever before in a small area with less panels on your roofing system.
SunPower X-Series solar panels provide 44% more power per panel, resulting more power in smaller spaces, with fewer panels. In this manner you can expand energy production merely by utilizing extra roofing area to add more panels later if you want.
They also deliver the greatest efficiency offered in a property solar panel today, at a record-breaking 22.8%.
That suggests house owners get more electrical power, more flexibility, more assurance, and lower electricity costs.
SunPower E-Series provide 36% more power per panel than traditional panels. Simply put, they transform more sunlight into electrical power
E-Series are developed with Maxeon solar batteries, delivering up to 20% performance and is available in 320W, 327W, or 435W choices.
SunPower P-Series are built with an innovative shingled style solar batteries that eliminates much of the reliability difficulties of standard front contact panels.
P-Series panels offer 7% higher panel performance and as much as 19 %more energy over the very first 25 years of operation.
But that is not all: SunPower Performance Series( P-Series) panels were called as a leading performer in all those five dependability tests performed by DNV GL, the world’s biggest resource of independent energy professionals and accreditation body. Those tests include:
Benefits Of SunPower Solar Panels
There are lots of advantages of going solar by utilizing SunPower items:
SunPower has actually remained in solar power organization for more than 35 years. The company was founded in 1985. Ever since, SunPower has been refining photovoltaic panels for residential and industrial market. In this industry and many others, there are lots of business that reoccur.
Because the investment in solar panels is significant, you much better trust on a business that has proved to be here for several years.
Among the most crucial consider recording solar energy is the performance rating of a panel. Not all photovoltaic panels are the same. A higher performance score means fewer panels to record the same quantity of energy.
SunPower uses an industry leading 22.8% performance score, which is approximately 60-70% higher than the competition.
Solar panels are a substantial financial investment for both, property owners and industrial organizations. So, they require to know that they will last. SunPower panels outperformed rivals in reliability, energy production, degradation rates, and shading impact.
SunPower panels are constructed with durable covers to eliminate UV degradation, copper structures for additional strength, and they use a single 25-year guarantee that covers the entire panel and all its elements.
SunPower solar panels are environmentally friendly. Anybody who is not indifferent to the health of the planet, of course, will consider his task to purchase harmless energy sources. Lots of people stop at wind turbines, the problem with them is they release special noises; photovoltaic panels are quiet.
Other people pick any photovoltaic panels that are out there in the market. However, the circumstance here is similar to that of electric automobiles: the batteries are environmentally friendly, however they use toxic harmful substances at the same time of their production of batteries, power plants, conductors, and so on. As a consequence, they wind up polluting the environment.
SunPower has long been the industry leader in sustainability and utilizes a complete closed loop sustainability method. Their viewpoint is to drive sustainable organization practices at every stage of the product life process and beyond.
This method led the way for SunPower to end up being the winner of pv magazine’s very first yearly sustainability award.
SunPower provides an extraordinary 25 years complete confidence warranty. They cover everything on your Roof. They will fix, replace or reimburse malfunctioning parts, and you get the market’s best power warranty. Each part goes through weeks of quality, aging, and screening control prior to assembly and last evaluation. After all, a better item indicates a better service warranty.
Remember: with standard solar, even a small concern can become a huge headache, separate warranties for each part (racking, panel, monitoring, inverter), unpredictable service charge (installation of replacement not consisted of, delivering not consisted of), low power output, tons of documentation, multiple suppliers. It is enough to make your head spin.
Pros & Cons Of SunPower Solar Panels
- SunPower provides one service warranty that covers product quality, power production, and service for your entire system.
- Your panels will not lose more than 8% of their initial power output in 25 years.
- You have three different payment options to select from: solar leasing, buying with money, and funding with a loan.
- SunPower has been on the cutting edge of solar innovation for more than 30 years. You can be confident that you will have the first-rate solar products and high-efficiency panels.
- The SunPower X Series photovoltaic panels master regards to power generation, providing 44 percent more energy per watt than competitive items.
- SunPower panels are remarkably attractive and aesthetically pleasing.
- Power Purchase Agreement (PPA) payment alternative just available to commercial customers. Although the company’s solar lease option is readily available at a flat rate.
- Some consumers have actually provided negative feedback concerning SunPower’s customer support.
Just How Much Does SunPower Cost?
There isn’t a fixed cost for a solar power system. It depends on the area, your home and your vehicle energy use
To have an idea, typically a SunPower solar energy system expense in between $3.20 and $4.50 per watt. A 6-kw SunPower system can cost as much as $30,000 or more before incentives.
For your convenience, SunPower offers 3 payment options:
- Purchase. You own the system and the energy it produces. Buying your SunPower system directly can optimize your cost savings. Over time, your system can spend for itself through your energy bill cost savings
- Loan. You own your solar system and pay for it with a loan. There are a number of loan payment conditions offered, including optional complete prepayment without penalty.
- Lease. SunPower owns the system on your roof. You pay a month-to-month total up to” lease” the system and use the energy you produce.
Remember: those values are simply estimated. For a detailed and more accurate quote, click here to complete a simple 3-step form. A SunPower representative will contact you (this is not an agreement and you do not have any responsibility.)
What SunPower Customers Are Saying?
Here you are some property owners that share why they picked SunPower and how going solar has changed their lives. You can discover more reviews on SunPower site
Purchasing photovoltaic panels is a wise decision. This investment is similar to investing in energy effectiveness measures and to decrease heat loss in your house. Any device that consumes less energy instantly starts making you cash by saving energy.
The cost of extra insulation for your house starts to save you on cooling and heating right away. By now, lots of already know that buying energy efficiency measures is a fantastic financial investment.
Also, remember that in addition to saving from setting up photovoltaic panels, you are likewise contributing to the battle versus contamination and global warming. This is since you decrease the energy consumption from conventional, ecologically dirty, fuel-fired power plants.
Solar panels increase the value of your home. And in some cases, they increase its attractiveness among buyers because even if the increase in the value of the house is less than the cost of a solar power plant on the roof of your house. It will be easier to sell such an “advanced” house.
Photovoltaic panel increase the worth of your home. And in many cases, they increase its appearance amongst purchasers because even if the boost in the value of the house is less than the cost of a solar power plant on the roofing of your home. It will be simpler to sell such an “advanced” house.
SunPower Q4 Results
MORE FOR YOU
It’s only by getting to know you, your wants, needs, and desires that SunPower can help you generate your own electricity and maximize your savings