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Lowe's Teams with Sungevity to Offer Solar Lease Option, Starting in California

In an effort to provide solar home energy options to its customers, Lowe's is teaming up with Sungevity, an Oakland, California-based company that leases the systems to homeowners in handful of states.

The home improvement retailer has taken a minority stake in Sungevity that will help each company make up ground where it was previously lacking. Starting at stores in California, Lowe's will at last have a solar power option to discuss with its customers. Its main competitor, Home Depot, has offered such an option since March 2010, when the Atlanta-based company launched a partnership with SolarCity.

Sungevity, meanwhile,

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