Standard Solar Partners with SunRun; Simplifies Going Solar through More Affordable Payment Options

ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, Inc., a national leader in the full-service development, installation and financing of solar electric systems for residential, commercial, government and utility customers, today announced the availability of more flexible payment programs for residential customers, including “Better Than Leasing” pricing options. These options are now possible through the company’s partnership with SunRun, the pioneer for affordable home solar, and will make alternative energy solutions more affordable for Standard Solar residential customers in Maryland and Pennsylvania.

“SunRun invented a way for homeowners to go solar without paying thousands or more for the panels, and we are excited to enter our 9th state through this partnership with Standard Solar”

“For many homeowners considering adding solar panels to their home, the upfront cost of going solar has been a barrier,” said Standard Solar President Scott Wiater. “However, through our partnership with SunRun, Standard Solar is now able to offer customers the benefits of solar without the overhead of owning the system. These packages offer options that are better than the overall average cost of leasing a system and will help customers considering solar take advantage of alternative energy as an affordable solution.”

Even with available federal, state and other incentives that make solar energy more affordable, many homeowners are looking for additional financial options to help close the investment gap. Through this new partnership with SunRun, Standard Solar now offers customers an expanded variety of investment choices to ensure there is the right solar option for its customers’ needs. With this “Better Than Leasing” program customers can pay very little upfront, save up to 15 percent on electricity costs right away, be protected from unpredictable utility rate increases for 20 years, and incur no maintenance costs.

Through this new program, Standard Solar will provide turnkey design and installation of the system, while SunRun will care for the system offering a money-back guarantee on the system’s production as well as insurance for the systems, free monitoring and repairs. This program offers two payment plan options for Standard Solar customers to choose from:

Total Solar – Low Upfront: Pay a little to get started and then pay monthly for solar electricity, saving every month on utility bills
Total Solar – Prepaid: Pay below purchase price in advance and lock in a low rate for electricity for the next 20 years

“It is our mission to offer our customers the simplest and most affordable way to go solar so everyone can reap the benefits of solar energy. By partnering with SunRun, we have closed the financial gap and are making solar energy even more accessible to all homeowners in Maryland and Pennsylvania,” Wiater added.

“SunRun invented a way for homeowners to go solar without paying thousands or more for the panels, and we are excited to enter our 9^th state through this partnership with Standard Solar,” said SunRun President and Co-founder Lynn Jurich. “Standard Solar is known for their leadership in developing and installing home solar systems and together we’ll give homeowners the choice for affordable and predictable clean power.”

According to a recent Solar Energy Industries Association (SEIA) report, Maryland and Pennsylvania were named national leaders in the solar industry, ranking 8^th and 4^th respectively nationwide for their solar installations.

About Standard Solar

Standard Solar, Inc. is a national leader in the full-service development, construction, integration, financing and installation of solar electric systems. Dedicated to making solar solutions more accessible to consumers, businesses, institutions and governments, the company is leading the way to energy independence. Committed to offering responsible and energy cost-saving solar solutions that conform to the highest standards, Standard Solar is one of the most trusted and respected solar companies. Since 2004, Standard Solar has been the partner of choice to make solar energy financially accessible, helping customers through financing options, including Power Purchase Agreements (PPAs) and navigating expanded federal and state and local tax credits. The company’s Standard Energy Solutions (SES) division provides energy auditing and retrofitting services for energy improvement projects. Ranked the 73^rd Fastest Growing Private Company in America in 2010 by Inc. magazine, and the highest-ranking renewable energy company on the list, Standard Solar is headquartered in Rockville, MD. For more information, please visit www.standardsolar.com.

About SunRun

SunRun, the nation’s leading home solar company, is the smart and affordable choice for homeowners who want a clean alternative to their utility. SunRun offers solar power service, similar to a lease, allowing homeowners an affordable way to upgrade their homes to solar. More than 11,000 homeowners have chosen SunRun across Arizona, California, Colorado, Hawaii, Massachusetts, New Jersey, Oregon, and Pennsylvania. SunRun partners with over 25 leading local solar installers, who together employ more than 3,000 green-collar workers. SunRun has raised financing for more than $400 million in solar systems from PG&E Corporation and U.S. Bancorp and $85 million in venture capital from Accel Partners, Foundation Capital and Sequoia Capital. For more information, please visit: www.sunrun.com.