Sunrun Announces Plans to Re-Enter Nevada Solar Market
June 06 2017 - 1:41PM
Encouraged by popular demand, the Nevada Assembly and Senate passed
Assembly Bill 405 nearly unanimously to restore the rooftop solar
market in Nevada by reinstating solar net metering. The bill awaits
Governor Sandoval’s signature, expected this week.
“The near unanimous bipartisan support for legislation to
reinstate net metering and establish a bill of rights for solar
customers is a reflection of overwhelming public demand for
affordable, clean energy options,” said Lynn Jurich, Chief
Executive Officer and Co-Founder of Sunrun. “Thanks to the hard
work of Governor Sandoval and Nevada State Legislators, we can now
say with confidence that Sunrun is coming back to Nevada.”
Nevada’s solar industry came to a halt in late 2015 when
new rules limited the credit rooftop solar customers would receive
for the clean energy they provide to the grid. The abrupt shift in
regulations forced Sunrun to cease operations in the state, leading
to the elimination of hundreds of local jobs.
AB 405 immediately restores the right of homeowners in Nevada to
be credited based on the retail rate for the energy they produce
and export to the grid. The bill steps down net metering credit
rates for homeowners as more solar is installed, reversing the
abrupt and extreme reduction imposed on solar customers in 2015.
Additionally, AB 405 establishes a bill of rights for homeowners,
ensuring that utilities cannot burden customers with unexpected
fees, and provides strong standards for transparent sales
practices. It also gives solar customers certainty by
grandfathering their net metering credit rates for 20 years and
protecting them from being unfairly singled out for fees and
charges not applicable to other residential customers.
About Sunrun
Sunrun (Nasdaq:RUN) is the nation’s largest dedicated
residential solar, storage and energy services company with a
mission to create a planet run by the sun. Since establishing the
solar as a service model in 2007, Sunrun leads the industry in
providing clean energy to homeowners with little to no upfront cost
and at a savings to traditional electricity. The company designs,
installs, finances, insures, monitors and maintains the systems,
while families receive predictable pricing for 20 years or more.
The company also offers Sunrun BrightBox™ solar power generation
with smart inverter technology and home battery storage. For more
information, please visit: www.sunrun.com.
Media Contact:
Trina Smith
Trina.Smith@sunrun.com
425.269.4636
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