It doesn’t have the Elon of SolarCity, that whiff of Musk that so excites people, but Sunrun, too, is demonstrating – and benefiting from – the broad growth of residential solar.
The total value of third-party-owned solar install contracts in California has cracked $1 billion, according to the PV Solar Report.
Credit Suisse pumps $100 million into SolarCity and $200 million into Sunrun to back fast-growing solar lease and PPA programs on homes and businesses.
A consortium of solar energy companies and financial firms have created a new U.S. solar lease facility, which will provide funding for up to $300 million worth of projects.
Of the consumers in California who go solar, 70 percent now do so by leasing the panels or by buying their rooftop power, according to PV Solar Report.
PV Solar Report’s latest look at the California residential solar market puts San Jose on top, but some smaller cities are rising fast.
PV Solar Report and SunRun say two-thirds of home-solar installations in California have come in zip codes with media household income under $85K.