Third-party-owned solar generated over US$1B in growth for CA since 2007 according to Sunrun report

  • Sunrun finds that that third-party-owned solar has delivered over US$1 billion to the California economy.
    Sunrun finds that that third-party-owned solar has delivered over US$1 billion to the California economy.

Sunrun and PV Solar Report released a new study, which found that third-party-owned solar has delivered over US$1 billion to the California economy since 2007. The value was said to be determined by totalling the contract value for each third-party-owned solar installation in the state. Sunrun is lauded with starting the solar power service model for home solar in 2007 and is the said to be the market leader with over US$1.5 million in solar equipment installed every day.

According the report, the number of Californians who chose solar power service over cash purchase so far this year is 30 times greater than the total number in 2007. Sunrun and PV Solar Report state that the US$1 billion in funds went directly to the state’s local businesses and communities.

“About 75% of Californians switching to solar now choose solar power service,” said Sunrun president and co-Founder Lynn Jurich. “Most of these families wouldn’t go solar if they didn’t have this option as a smart financial choice. We’ve eliminated the upfront cost and hassle.”

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 20th Edition

    Has the latest round of consolidation in the supply chain enabled a more sustainable growth curve for the solar industry or is this a blip fuelled by subsidies? In this context Photovoltaics International has never been more relevant for your business. Whether you are a glass half empty or full person, the fact remains that orders are up across the board, new markets are coming on stream and analysts’ predictions are increasing again. Optimism is starting to creep into even the most conservative of organisations.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Partners

Acknowledgements

Solar Media