Sunrun Reaches a Major Milestone
Sunrun (NASDAQ: RUN), the leading provider of clean energy as a subscription service in the United States, has achieved a remarkable milestone by becoming the first company to surpass 1 million customers in the storage-plus-solar sector. This significant accomplishment solidifies Sunrun's position as the largest developer of residential clean energy systems in the nation, representing one in every five home solar systems installed across the country. This milestone positively impacts around 3 million people.
The Journey of Sunrun
Since its founding in 2007, Sunrun has transformed the solar industry by offering solar energy as a subscription service. This innovative model makes solar power more affordable and accessible for families, eliminating the need for any upfront costs. Customers who subscribe can enjoy stable energy pricing, along with the assurance of 24/7 system monitoring, maintenance, repairs, and a solar performance guarantee.
Integration of Battery Storage
In 2016, Sunrun began incorporating battery storage into its main offerings, and by 2023, the company adopted a storage-first approach. This strategic shift enables customers to optimize their solar energy usage while also ensuring they have backup power during extended outages. So far, Sunrun has delivered over 2.8 million hours of backup power during significant grid failures.
Innovative Energy Services
Maintaining its leadership in innovation, Sunrun provides a range of energy services that include electric vehicle charging and features like the first bidirectional power flow system designed for the all-electric Ford F-150 Lightning. These advancements enhance the customer experience by allowing vehicle-to-home and vehicle-to-grid capabilities.
Empowering Customers
As the largest single-owner operator of home solar and storage virtual power plants, Sunrun empowers thousands of customers to engage in the shared clean energy economy. The company’s President and Chief Revenue Officer highlights Sunrun's dedication to building a future energy grid that prioritizes customer needs.
What Customers Are Saying
Feedback from Sunrun customers showcases the practical advantages of solar-plus-storage systems. Many customers share their experiences of power outages during severe weather and express appreciation for the energy independence these innovative systems provide.
Environmental Contributions
Since 2007, Sunrun's home energy systems have produced over 37 billion kilowatt hours of solar energy, resulting in approximately $1.3 billion in savings on energy costs for customers. Additionally, these systems have played a role in preventing an estimated 18 million metric tons of carbon dioxide emissions.
About Sunrun
Sunrun Inc. (NASDAQ: RUN) is committed to democratizing access to renewable energy while enhancing energy security for homeowners nationwide. Through its innovative solutions, Sunrun connects homes to cleaner energy alternatives, supporting both community well-being and grid reliability. For more details, visit www.sunrun.com.
Media Inquiries
Wyatt Semanek
Director, Corporate Communications
press@sunrun.com
Investor & Analyst Inquiries
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.
