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.”