Sunrun
Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products, primarily for residential customers. The company was established in 2007 and is headquartered in San Francisco, California.
| Company type | Public |
|---|---|
| Industry | Renewable energy |
| Founded | 2007 |
| Headquarters | 225 Bush Street, San Francisco, California , U.S. |
Key people |
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Production output | 990 megawatts solar (2022) |
| Revenue | US$2.32 billion (2022) |
| US$−662 million (2022) | |
| US$173 million (2022) | |
| Total assets | US$19.27 billion (2022) |
| Total equity | US$7.57 billion (2022) |
Number of employees | 12,408 (2022) |
| Website | www |
| Footnotes / references Financials as of December 31, 2022. References: | |
Since its inception, the company has focused primarily on a power purchase agreement (PPA) business model where Sunrun installs and maintains a solar system on a customers home, then sells power to the customer at an agreed upon rate for a 20- or 25-year term. This business model allows property owners to install solar at no upfront cost, but without the benefits (such as tax breaks) or some risks that come with being the owner of the system. The company has a sizable network of partners, including Costco and The Home Depot, who allow Sunrun to market to customers inside their stores.
In 2023, the company installed solar systems capable of generating 990 megawatts of power, and in the history of the company, had installed a total of 5.7 gigawatts of power for nearly 800,000 customers.