Sunrun and Lowe’s Partner to Bring Solar and Storage to Millions of Homeowners
February 21 2024 - 4:01PM
Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy
as a subscription service, today announced a new partnership with
Lowe's Companies, Inc. (NYSE: LOW), one of the largest home
improvement retailers in the world, to provide households with
solar and storage services inside of hundreds of Lowe’s stores
across the country.
Customers will soon be able to experience and learn more about
Sunrun's solar, storage, and clean energy technology products while
visiting 430 Lowe’s store locations. The partnership makes
renewable energy more accessible and affordable to homes across the
nation by leveraging Sunrun’s industry-leading solar-as-a-service
subscription model, which eliminates financial barriers and upfront
costs for millions of customers.
“We are excited to offer Lowe’s shoppers a clean, affordable way
to power their homes, one that provides energy independence and
resilience against climate events and rising utility costs. As the
nation's leading provider of solar energy with storage, this
exciting partnership with Lowe’s makes connecting with new
customers even easier,” said Sunrun CEO Mary Powell. “Having a
strong presence in Lowe’s stores provides an enjoyable and
comfortable environment where homeowners can have discussions about
transitioning to a more modern way of powering a clean energy
lifestyle.”
“Our customers rely on Lowe’s to introduce innovative products
and services that truly improve homes and lives while providing the
best value and service,” said Ram Krishnamurthy, senior vice
president of Home Services at Lowe's. “Sunrun matches our mission
perfectly as homeowners look to lower their power bills, consume
cleaner energy, and use at-home batteries to safeguard against
power outages.”
The partnership combines Lowe’s 100-year history of serving
homeowners with the home energy expertise of Sunrun, America’s
leading clean energy company with nearly one million solar
customers and rapidly approaching 100,000 solar-plus-storage
customers. Under Sunrun’s subscription service, systems are backed
by the company’s production guarantee, comprehensive warranty, and
proactive monitoring, ensuring decades of reliable service and
exceptional customer experiences.
“Joining forces with Lowe’s is key to Sunrun’s diversified
go-to-market strategy,” Powell added. “Lowe’s customer base is
overwhelmingly homeowners, which means Sunrun will have more
opportunities to showcase the cost benefits, peace of mind, and
premium experience families enjoy from adding solar paired with
storage to their homes.”
Sunrun representatives have started staffing more than 260
Lowe’s stores in 10 states, including California, Illinois, and
Texas, and are now available to answer questions and guide
customers through the process of going solar at their homes. Sunrun
anticipates expanding into another 160 Lowe’s stores throughout the
year.
To learn more about Sunrun’s products, services, and request a
consultation, Lowe’s customers can also visit
lowes.com/l/install/solar.
About SunrunSunrun Inc. (Nasdaq: RUN)
revolutionized the solar industry in 2007 by removing financial
barriers and democratizing access to locally-generated, renewable
energy. Today, Sunrun is the nation’s leading provider of clean
energy as a subscription service, offering residential solar and
storage with no upfront costs. Sunrun’s innovative products and
solutions can connect homes to the cleanest energy on earth,
providing them with energy security, predictability, and peace of
mind. Sunrun also manages energy services that benefit communities,
utilities, and the electric grid while enhancing customer value.
Discover more at www.sunrun.com.
About Lowe’sLowe's Companies, Inc. (NYSE: LOW)
is a FORTUNE® 50 home improvement company serving approximately 17
million customer transactions a week in the United States. With
total fiscal year 2022 sales of over $97 billion, approximately $92
billion of sales were generated in the United States, where Lowe's
operates over 1,700 home improvement stores and employs
approximately 300,000 associates. Based in Mooresville, N.C.,
Lowe's supports the communities it serves through programs focused
on creating safe, affordable housing and helping to develop the
next generation of skilled trade experts. For more information,
visit Lowes.com.
Media ContactWyatt SemanekDirector, Corporate
Communicationspress@sunrun.com
Investor & Analyst ContactPatrick
JobinSenior Vice President, Finance &
IRinvestors@sunrun.com
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