Akeena Solar (Nasdaq:AKNS) will provide residential installation services for Lowe's (NYSE: LOW) customers in 21 California stores. The announcement comes just a few months after Andalay AC solar panels first hit the shelves as part of Lowe's Energy Center, making them the first grid-connected solar power systems to be sold by a major retailer.
Barry Cinnamon, CEO of Akeena Solar said homeowners now have the option to install a few panels on their own or use Akeena's installation services available through Lowe's.
By using built-in inverters, Akeena says Andalay AC panels produce up to 25% more energy compared to ordinary DC solar panels. Additionally, the Andalay AC panels' modular design allows homeowners to start small. They can purchase a few panels at Lowe's to install now and can easily add on later, unlike DC systems that require a complete redesign when adding panels.
Akeena's Andalay AC panels integrate racking, wiring, grounding and inverters into a single product.
Lowe's launched Energy Centers in 21 California stores in December that are meant to be a one-stop destination for energy- and money-saving home improvements. Lowe's said the Energy Centers will be in additional U.S. and Canadian stores this year.
Disclosure: no positions