Settlement Class Members may submit a Claim Form to receive a cash payment if they experienced one or more of the following:
(i) lost or reduced power production from their Covered Solar Modules;
(ii) property damage to their residence / site due to repair or replacement of the Subject Microinverters in the Covered
Solar Modules; and/or
(iii) loss of solar renewable energy credits or other government financial incentives.
If the Court grants final approval of the Settlement, SunPower will pay $4,750,000.00 into a Qualified Settlement Fund. The
Settlement Fund will be used to pay Class Counsel’s attorneys’ fees and costs, settlement administration costs, service awards to
the Class Representatives, and to make payments to Eligible Claimants who submit a timely and valid Claim Form, all subject to the
approval of the Court. The maximum estimated amounts for the deductions from the $4,750,000.00 million Settlement Fund are as
follows: Class Counsel’s attorneys’ fees ($1,583,333.33), costs ($50,000), notice and administration expenses ($130,000.00) and
Service Awards ($40,000).
After these fees and costs are deducted from the Settlement Fund, the remaining funds (approximately $2,946,666.67) will be divided
among the Eligible Claimants who submit valid Claim Forms in proportion to the number of Covered Solar Modules originally installed
at their residences. If the Court awards the maximum amount for each of the deductions described above and each Settlement Class
Member submits a valid and timely Claim Form, the average payment per Settlement Class Member would be $173.52.
For information on how to submit a Claim Form, please refer to Question 10 below and the Settlement Website,