SunRun First to Offer Affordable Home Solar Power in Colorado

DENVER--(BUSINESS WIRE)--SunRun, the leading national residential solar company, today announced the expansion of its affordable solar service to Colorado homeowners, becoming first in the state to offer homeowners a solar lease. Colorado homeowners who have not yet considered solar panels for their homes due to high initial cost or questions about panel maintenance and repairs will now be able to easily get solar power through SunRun’s solar service.

“I am pleased to welcome SunRun to Colorado as the newest member of our growing New Energy Economy”

With SunRun, homeowners pay as little as $1,000 for a one-time system installation fee, and then pay a low, monthly bill to have solar energy at home. SunRun provides complete monitoring, repairs, insurance, and a performance guarantee for all its customers, making it a simple option for homeowners who don’t want to think about solar equipment or pay a high upfront cost to switch the source of their electricity. Thousands of homeowners in California, Arizona and Massachusetts currently use SunRun’s solar service.

SunRun’s announcement comes on the heels of strong support for residential solar from Colorado’s government. In April, Colorado Governor Bill Ritter signed a law allowing solar companies, such as SunRun, to own and maintain solar panels on residential roofs. This law allows homeowners to pay for solar power through a lease, instead of purchasing solar panels, reducing upfront costs to get solar by tens of thousands of dollars. Now, for the first time, clean energy is truly accessible to Colorado homeowners.

SunRun’s unique business approach is to partner with leading local solar companies to design and install systems for its customers. In Colorado, SunRun will partner exclusively with Namaste Solar, REC Solar and Real Goods Solar, three of Colorado’s largest and most trusted solar installers. Since SunRun makes residential solar realistic for a greatly expanded group of homeowners, it often has a significant and positive impact on job creation at its local partners. In some markets, SunRun has helped its partners grow available jobs in sales, construction and design by as much as 100 percent.

“I am pleased to welcome SunRun to Colorado as the newest member of our growing New Energy Economy,” said Colorado Governor Bill Ritter. “With great support from the Legislature, we’ve passed some of the most forward-thinking legislation in the country to help us attract companies like SunRun to Colorado. And not only are we creating sustainable jobs, we are lowering energy costs, increasing energy security and leading America toward a new energy future."

“Most people would like to have clean energy in their homes, but it doesn’t always make financial sense for them to spend a lot of money to get started. SunRun makes it really easy to have solar panels. Most people will see payback from their initial installation fee in less than three years,” said Lynn Jurich, president and cofounder of SunRun. “Governor Ritter and his staff are some of the country’s leading green thinkers, and we’re excited to be working with them to develop clean energy solutions that make financial sense for homeowners and taxpayers.”

About SunRun Inc.

SunRun offers easy affordable solar service to homeowners. SunRun purchases custom-designed home solar systems for its customers, who pay a low monthly bill to have solar electricity produced on their roof. All SunRun customers receive money-back annual performance guarantees in addition to professional-grade monitoring, maintenance, repairs, and insurance, which removes the complexity and risk from going solar. SunRun's goal is to provide every home direct access to clean, affordable electricity. SunRun currently serves communities in California, Massachusetts, Colorado, and Arizona. Additional information about SunRun is available at http://www.sunrunhome.com.