SunPower (SPWR) Now Sells the Tesla Powerwall 3; Investors Consider It a Bright Idea as Shares Trade Up ~20%

America’s top-rated residential solar energy company, SunPower Corporation (SPWR)  announced it will now offer the Tesla Powerwall 3 as part of its curated selection of high-quality and affordable solar and storage products.

“Homeowners are increasingly turning to battery storage to protect themselves against ongoing utility rate hikes and grid outages. We witnessed record-breaking battery storage sales in 2024 and foresee a future where almost all solar systems are paired with storage,” said Shawn Fitzgerald, SVP of Corporate Development and Product Strategy at SunPower.

It is projected that one in every four American homeowners who install rooftop solar this year will also add battery storage. As more homeowners consider battery storage for reliable and affordable power, Tesla Powerwall has become one of the most sought-after solutions, accounting for over half of home battery installations last year.

Today, SunPower Financial expanded its suite of solar financing options to include loan and lease financing for Tesla (TSLA) battery installations. Approximately 82% of SunPower customers choose to finance their solar-plus-storage system. Qualified SunPower customers can seamlessly finance their Tesla Powerwall 3 with no down payment, affordable monthly payments, and a fast application process, making solar and storage more accessible to a variety of homeowners.

The Tesla Powerwall 3 also comes with a 10-year warranty backed by Tesla.

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SunPower (SPWR) Now Sells the Tesla Powerwall 3; Investors Consider It a Bright Idea as Shares Trade Up ~20%

Ashlee Vogenthaler

Markets Editor