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
