Sunrun Celebrates 10 Years of Solar Innovation and Growth
July 13 2017 - 08:00AM
Ten years ago, Sunrun Inc. (Nasdaq:RUN) was founded in a San
Francisco attic with a simple mission—to create a planet run by the
sun. Today, with Executive Chairman and co-founder Ed Fenster and
CEO and co-founder Lynn Jurich at the helm, Sunrun is the nation’s
largest dedicated residential solar, storage and energy services
company, with over 3,000 employees serving more than 134,000
families in 22 states (and counting). Once thought of as a source
of energy that was so costly that it only made financial sense for
spacecraft, adoption of rooftop solar has now exploded to
mainstream levels, as homeowners throughout the United States have
keyed into solar for their homes. Since the company started in
2007, Sunrun has saved customers over $150 million on their energy
bills and generated more than 2.4 billion total kilowatt-hours of
clean energy.
Sunrun has been a leader in residential solar power
for the past decade. The company pioneered solar-as-a-service,
empowering customers with the choice to buy power - not panels - as
the first company to offer power purchase agreements (PPAs) to
residential customers. In the last 10 years, Sunrun has maintained
its focus on homeowners and built on that early momentum, cementing
solar’s status as an accessible option, and deploying nearly one
gigawatt of solar energy systems.
Sunrun’s significant growth is driven by popular
demand for its solar products and services - a testament that
American families are seeking cleaner, cost-effective energy
choices and that Sunrun’s focus on delivering a best-in-class
customer experience and innovative solutions are meeting their
needs. Today, Sunrun continues to demonstrate market leadership
with new solutions including Sunrun BrightBox™, a solar power and
energy storage service, which combines home batteries with solar
power to provide homeowners with complete control over their energy
while also providing services to the grid.
“Sunrun has given over 134,000 customers the choice
to power their homes with clean, renewable solar energy and I’m
truly proud that our BrightSave energy plans have saved our
customers over $150 million. What’s more incredible is that
together, we have offset 1.7 million metric tons of carbon dioxide.
We’ve come a long way in just 10 years and are just getting
started,” said Lynn Jurich, Chief Executive Officer of Sunrun. “In
2007, Sunrun was founded to create a planet run by the sun by
delivering a cleaner, less expensive way for families to power
their homes. Our customers realize savings, our environment is
cleaner and as we continue to grow, our impact through the next
decade will be even more expansive.”
Continued improvements in solar technology make
going solar today even more cost-effective than ever before.
According to the US Energy Information Agency, in 2016 distributed
solar represented more than 10 percent of the total electricity
capacity additions in the U.S. That same year, solar energy
represented more than one-third of the total new capacity built in
the U.S., surpassing both wind and natural gas, accounting for 8.3
million more homes powered by the sun.
To learn more about Sunrun’s anniversary and vision
for a future fueled by the sun, please visit our Anniversary
Webpage and read the 10-year blog post.
About SunrunSunrun (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.
Chris Navalta
Highwire PR for Sunrun
sunrun@highwirepr.com
415-963-4174 ext. 81
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