A new financing program by Key Equipment Financial will fund up to $50 million in SunPower Corp. solar systems, according to an announcement made Monday by the companies.

Capital and municipal leases will be available to commercial customers and government entities, respectively, for the installation of commercial-scale solar power systems, according to the announcement. The systems will be designed and built by U.S.-based solar manufacturer SunPower.

"SunPower is without a doubt an experienced, innovative technology leader developing solar solutions for customers worldwide," said Adam Warner, president of Key Equipment Finance. "The company is focused on maximizing return on investment and making it easier for companies of all types and sizes to acquire solar technology, as evidenced by this partnership."

Customers will be able to utilize tax benefits, including the 30 percent federal investment tax credit, as well as other solar incentives. The financing program will combine system and installation costs into one payment, and will be available for projects ranging from 50 kilowatts to one megawatt.

Founded in 1985, SunPower produces high efficiency solar cells, solar panels and solar systems. It currently has more than 550 large public and commercial solar power systems installed or under contract.