Wondering how much it will cost to put solar on your roof?
Homeowners can now get a quick price quote at their nearest Lowe's (NYSE: LOW) home improvement store.
Solar company Sungevity signed an agreement to offer its iQuote program in Lowe's locations in eight states beginning this summer. And Lowe's invested an undisclosed amount in Sungevity.
The iQuote system uses satellite images and aerial photography to calculate a same-day, installation estimate, eliminating the need for a home visit.
The companies are heralding the agreement as a significant step in the mainstream adoption of residential solar.
As part of the interactive, in-store experience, homeowners will be able to view a rendering of the proposed installation and get an explanation of the typical cost-savings associated with Sungevity's solar lease program, which includes monitoring, maintenance, repairs, insurance, and a money-back performance guarantee.
Patti Price, senior vice-president for merchandising at Lowe's, says the retailer is seeing increased demand for solar.
The partnership will begin with interactive Sungevity-branded displays in select Lowe's stores and continue to roll-out at all Lowe's stores in states where Sungevity provides services.
Sungevity currently operates in Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York.
