Sunrun Surpasses 1 Million Residential Solar Customers
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Sunrun's Milestone Achievement
Sunrun (NASDAQ: RUN), the nation’s leading provider of clean energy as a subscription service, has achieved a historic milestone by becoming the first storage-plus-solar company to surpass 1 million customers. This accomplishment firmly establishes Sunrun as the largest developer of residential clean energy systems in the U.S., accounting for one in every five home solar systems installed across the country. This achievement benefits approximately 3 million individuals.
The Evolution of Sunrun
Since its inception in 2007, Sunrun has revolutionized the solar industry by introducing solar as a subscription service, making home solar affordable and accessible to families without any upfront costs. This innovative approach allows subscription customers to enjoy predictable energy pricing along with peace of mind from 24/7 system monitoring, maintenance, and repairs, as well as a solar performance guarantee.
Battery Storage Integration
In 2016, Sunrun integrated battery storage into its core offerings, and in 2023, the company transitioned to a storage-first strategy. This strategic pivot facilitates customers' ability to maximize their solar energy use while ensuring backup power during prolonged outages. To date, Sunrun has provided over 2.8 million hours of backup power during significant grid outages.
Innovations in Energy Services
Continuing its leadership in innovation, Sunrun offers a suite of energy services that includes electric vehicle charging and features such as the first bidirectional power flow system for the all-electric Ford F-150 Lightning. These advancements allow for vehicle-to-home and vehicle-to-grid capabilities, further enhancing the customer experience.
Customer Empowerment
As the largest single-owner operator of home solar and storage virtual power plants, Sunrun empowers thousands of customers to participate in the shared clean energy economy. Sunrun's President and Chief Revenue Officer emphasizes the company's commitment to creating a future energy grid centered around customer needs.
Customer Testimonials
Anecdotal evidence from Sunrun customers highlights the practical benefits of solar-plus-storage systems. Customers cite experiences of power outages during severe weather, and they appreciate the value of energy independence achieved through these innovative systems.
Environmental Impact
Since 2007, Sunrun's home energy systems have generated over 37 billion kilowatt hours of solar energy, saving customers approximately $1.3 billion in energy costs. These systems have also contributed to avoiding an estimated 18 million metric tons of carbon dioxide emissions.
About Sunrun
Sunrun Inc. (NASDAQ: RUN) continues its mission to democratize access to renewable energy while enhancing energy security for homeowners across the country. With innovative solutions, Sunrun connects homes to cleaner energy options, bolstering both community well-being and grid reliability. For more information, visit www.sunrun.com.
Media Contact
Wyatt Semanek
Director, Corporate Communications
press@sunrun.com
Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
investors@sunrun.com
Frequently Asked Questions
What milestone has Sunrun recently achieved?
Sunrun has become the first solar company to surpass 1 million residential customers.
How has Sunrun contributed to the clean energy sector?
Sunrun has innovated clean energy solutions including solar subscription services and battery storage, making sustainable energy more accessible.
What are the benefits of Sunrun's subscription model?
The subscription model provides customers with affordable solar energy without upfront costs, offering predictable pricing and maintenance.
How many hours of backup power has Sunrun provided?
Sunrun has provided over 2.8 million hours of backup power to its customers during grid outages.
What impact has Sunrun had on carbon emissions?
Sunrun's systems have helped avoid an estimated 18 million metric tons of carbon dioxide emissions since 2007.
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