16 May '18, 10am

Sunrun Boosts Revenues 37%, Expands Partnership With National Grid

Sunrun Boosts Revenues 37%, Expands Partnership With National Grid

Leading residential solar installer Sunrun released its first quarter earnings last week, as news broke that virtually all new homes in California will be required to install rooftop solar starting in 2020. CEO Lynn Jurich called the California solar mandate a “huge vote of confidence” for the residential solar market. “Strategically, it is also really important because it’s showing that California is serious about home solar and batteries and what that can do to build a cleaner, more cost effective, customer-centric system generally,” she said on the company’s earnings call. Sunrun is particularly well suited to take advantage of the new solar building codes, which take effect in 2020, because of the company’s successful solar lease, or solar-as-a-service model, Jurich said. This model ensures new homeowners can save with solar from day one, without increasing the up-fron...

Full article: https://www.greentechmedia.com/articles/read/sunrun-boost...

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