REC Group inks exclusive residential supply deal with Tucson Electric

Share

REC Group has signed an exclusive agreement with Tucson Electric Power (TEP) to supply solar panels for the Arizona utility’s TEP Residential Solar Program.

The deal marks the first time that the new REC TwinPeak Series product line has been selected for a major rooftop project.

REC will begin shipping 3.5 MW of its panels to TEP in May, with deliveries scheduled to conclude in October.

As part of TEP’s leasing program, the utility will cover the costs of rootop solar systems for customers and sell electricity to homeowners for a flat monthly rate that will remain fixed for up to 25 years. Contractors selected by TEP will install and maintain the PV arrays.

Popular content

Arndt E. Lutz, REC senior vice president and managing director of the company’s North American business, said the deal represented "a strong vote of confidence in our products and our business approach,” adding that the company’s new high-performance panels were “well suited for Tucson’s high-desert climate."

REC’s latest deal follows a string of panel supply agreements and installations in the U.S. market. In the past 10 months, the company has closed more than 706 MW of supply deals for the residential, commercial and utility segments in the country.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.