Sunrun Inc. is responsible for the design, development, installation, sale, ownership and maintenance of solar energy systems (projects) for households in the United States. The company takes care of providing solar energy services and products to its customers. As of December 31, 2016, the company operated a fleet of solar systems for households in the United States, which has approximately 134,000 customers in 16 states and the District of Columbia. The company sells to owners over the phone, in the field through advertising and door-to-door sales, and through retail channels through its strategic partners. Solar services are provided by power lease and purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel. It sells solar energy systems to homeowners as well as related products such as solar panels, inverters, shelves and other solar appliances to resellers. Sunrun also gives you the option to buy your solar modules. If you own your solar installation, you own your savings. This means that solar incentives like state solar rebates, Net Metering and the Confederation Solar Tax Credit go directly to you.
You can also consider the cost of your investment thanks to the added value it adds to your home*. However, you are responsible for all repairs and maintenance that your solar installation needs outside the warranty area of your solar installation. “Consumer interest in a clean, affordable and resilient electricity supply is stronger than ever, with riots growing and more time at home. Sunrun is responding quickly to meet these needs,” said Lynn Jurich, Chief Executive Officer and co-founder of Sunrun. “During the quarter, we moved to a digital and streamlined distribution model, which improved our cost structure. In July, we reached an agreement to acquire Vivint Solar to expand the reach of our customers and improve the efficiency of scale. We have increased our utility promises with new contracts for virtual power plants, increased battery acceptance and launched a new company for the electrification of power plants. Going solar can be expensive. For this reason, Sunrun offers stress-free solar leasing, so you can rent for just 0 $US Solar. You are only responsible for paying a low monthly bill or paying the lease in advance to achieve long-term savings. As Sunrun owns the system, we also offer free top-quality monitoring and maintenance for the duration of your contract. This means clean, worry-free energy that will save you money.
And if it breaks, we`ll fix it! SANTA CLARA, Calif., August 26, 2020 – Silicon Valley Bank (SVB), the bank of the world`s most innovative companies and its investors, and Investec Bank plc (Investec) have signed $265 million in credit facilities for Sunrun Inc. Silicon Valley Bank acted as administrative agent and Silicon Valley Bank and Investec coordinated Lead Arrangers. Patrick JobinSenior Vice President, Finance &IRinvestors@sunrun.com (415) 373-5206 Total revenue was $181.3 million in the second quarter of 2020, down $23.3 million, or 11% from the second quarter of 2019. Revenue from customer agreements and incentives was $106.1 million, an increase of $13.7 million, or 15% compared to the second quarter of 2019. Solar systems and product revenue was $75.2 million, down $37.0 million, or 33 percent from the second quarter of 2019. . . .