An Analysis and Review of SunRun Power:
The necessitation and need for alternate or renewable energy resources has forced the investor’s world over to give over money for research of alternate energy resources. The power of wing has been utilized for milling of cereals since ages but the same potential for electricity generation is at the moment being capped. Likewise the sun energy has been used for drying of products like meat and onion and so on but the same is now being converted into electricity by using the PV photovoltaic cells. One of the companies investing vast amounts in the field of solar energy is SunRun.
History of SunRun:
SunRun is the first ever company in USA that provides solar panel for residential use on lease. They are actually the pioneers a leader’s in solar leasing and also offer the loans for research and development projects in the field of solar power. The company is based in San Francisco, California. It was established by Ed Fenster and Lynn Jurich, two students that established it right after their graduation from Stanford University.
Objective & Aim of SunRun:
The SunRun Company has a lay down noticeably defined goals and its objectives. The company was established once the theme of global pollution was incredibly popular and therefore the company, right from its inception, foundation, has the aim to provide the consumers with an environmentally friendly energy source. In addition it has the goal of making solar energy an admired, popular and affordable, economical means of energy for the domestic users. The company works to this end by offering loans and leasing of solar equipment.
Funding, Financing By SunRun:
The company has a very high repute, status amongst the investors and it gained an investment of over 18 million dollars during 2008. The company is the pioneer in providing lease for domestic users. The company offers financing in two main ways.
2. Leasing of equipment:
Power Purchase Agreement: In a power purchase agreement, all the equipment and facilities are maintained and owned by the company themselves. The SunRun offers PPA for 18 years deal. According to the deal the clients are to pay monthly amount to the company for the amount of electricity consumed. The company is responsible for continuous supply. With a power purchase agreement (PPA), you don’t have to buy expensive solar panels and inverters, or pay for installation, permitting, and repairs. Instead, a PPA lets you pay for the electricity the panels generate. It’s the easiest and most affordable way for homeowners to upgrade to solar.
How a Solar PPA Works:
- Sunrun purchases a solar system and installs it on your roof.
- Sunrun takes complete care of the equipment for 20 years.
- You pay little to nothing upfront, and then a fixed rate for the energy your panels produce.
Benefit of Solar PPA’s:
- You don’t need to pay a lot of money upfront. But, if you have savings you’d like to use, you can invest more upfront and pay an even lower rate for your solar electricity.
- You don’t need to worry about installation, monitoring, or repairs – we take care of all that.
- You pay only for what your system produces. When your system produces less, you pay less.
Leasing By SunRun:
The second financing preference offered by the company is of leasing for a period of 20 years. The equipment is given on a monthly lease to the clients but it remains under the ownership of company and company is responsible for the maintenance. Though the monthly bill is fixed irrespective of the amount of electricity essentially used.
How Leasing Works:
- Sunrun solar leasing makes residential solar energy more affordable. If you don’t want to pay a large upfront cost, you can still go solar today by taking advantage of your lease options.
- Sunrun purchases your home solar system and installs it on your roof.
- You pay little to nothing upfront, and then a low, fixed amount every month.
- Sunrun takes complete care of the equipment for 20 years.
Advantages of Leasing Solar Panels:
- It’s affordable, economical — and flexible. With a solar lease, you don’t have to pay plenty upfront. But, if you have savings you’d like to use, you can pay more upfront and lower your fixed monthly payment.
- It’s worry-free. You don’t own the equipment, so you don’t have to worry about installation, monitoring, and repairs.
- It’s a fixed cost. Your monthly payment is low and fixed. You have control over your electric bill and don’t have to be anxious about a higher bill if the panels produce more electricity.

