SunRun Secures Additional Tax Equity Investment from US Bank
We announced today that SunRun has received an additional commitment of tax equity funding from US Bancorp to finance $90 million in residential solar installations in 2010. This funding allows SunRun to bring solar to thousands more homes in 2010, and it keeps our goal of providing affordable clean electricity to every homeowner in full view.
Ever since SunRun pioneered the power purchase agreement in residential solar, more than 2700 installations have been done in the state of California, creating 400 jobs. We’re proud to continue taking the lead in making solar something that truly makes sense for homeowners to do.
SunRun’s CEO Edward Fenster said “We are primed and excited for strong growth in 2010, and financial backing from U.S. Bancorp is indication that the solar adoption is growing rapidly.” 2010 is already promising to be a great year for everyone who wants to go solar, as the quest to go solar becomes easier and easier!
Read more about SunRun’s tax equity funding
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[...] installs residential rooftop solar systems for a small fee in order to sell the power to consumers, has raised an impressive $90 million more in tax equity from a subsidiary of U.S. Bancorp to encourage more homeowners to convert to solar for a low [...]
[...] million from a US Bancorp affiliate to finance some 2,000 installations. With this new financing, SunRun CEO Edward Fenster said in a statement the company will be able to “bring solar to thousands more homes in [...]
[...] SunRun Secures $90M In Tax Equity From US Bank | Sweet Solar Home [...]
I spent 4 hours reading your site. Thanks for the good information. I’ll be back!
… having just spent a fortune on solar panels, thank goodness more and more finance is slowly becoming available.
Simon Jones