As Illinois Turns to Clean Energy, Sunrun Offers Rooftop Solar and Jobs
State commits to clean energy future, encouraging job growth and affordable solar for all
SAN FRANCISCO, April 11, 2018 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq:RUN), the nation’s largest residential solar, storage and energy services company, is expanding its home solar service to Illinois. Illinois residents will be able to generate their own electricity year-round with rooftop solar, benefitting from cleaner air, monthly savings, and freedom from rising utility bills.
Long considered to be one of the most industrious and productive states in the country, Illinois is a prime contender for a robust and valuable home solar market. In addition to supportive policies like net metering, the state recently passed the Future Energy Jobs Act (FEJA), which reduces financial barriers for households who want to be a part of the clean energy solution, and demonstrates Illinois’ strong commitment to renewable energy.
The average price of electricity for Illinois residents rose 30% over the last decade. Up until now, the majority of Illinoisans had no control over rising electricity bills. Sunrun’s affordable, clean home solar service model puts control back in the hands of households without requiring any high upfront costs.
“We’re thrilled to offer affordable, clean, and reliable power to the people of Illinois,” said Lynn Jurich, Chief Executive Officer of Sunrun. “The Midwest is quickly becoming a hub for clean energy and innovative job opportunities. Sunrun is grateful to the policymakers, environmental advocates, and community leaders who laid the foundation for Sunrun’s entrance into the market.”
With 3,200 employees, 180,000 customers, and a presence in 22 other states and the District of Columbia, Sunrun is the largest dedicated residential solar company in America. The initial entrance will be in Northern Illinois and ComEd service territory, with a planned expansion into the rest of the state shortly. This will be the company’s second market launch in the Midwest, following its success in Wisconsin last year.
Sunrun is working with community leaders on Solar For All, a nation-leading low-income solar program. As an instrumental partner in the creation of the program, Sunrun stands with environmental advocates and local representatives to bring clean energy jobs and opportunities to communities across the state.
“I am pleased to see that the investment we made in renewable energy several years ago is paying off,” said Illinois State Senator Don Harmon. “Opening the door for solar energy companies like Sunrun to expand to Illinois will not only provide our children with a better future, it also creates good jobs and economic growth more immediately.”
Sunrun believes in a planet run by the sun. Homeowners in Illinois can now save money, control their energy future, improve their communities, and experience the peace-of-mind that comes with Sunrun’s full-service offering. For more information, visit Sunrun’s plans and services page or call 1-888-GoSolar (1-888-467-6527).
About Sunrun
Sunrun (Nasdaq:RUN) is the nation’s largest dedicated residential solar, storage and energy services company. With a mission to create a planet run by the sun, Sunrun has led the industry since 2007 with their solar-as-a-service model, which provides clean energy to homeowners with little to no upfront cost and at a saving compared to traditional electricity. The company designs, installs, finances, insures, monitors and maintains the systems, while families receive predictable pricing for 20 years or more and a production guarantee. The company also offers a home solar battery service, Sunrun Brightbox, that manages household solar energy, storage and utility power with smart inverter technology. For more information, please visit: www.sunrun.com.
Media Contact
Jessica Leader
Sunrun Corporate Communications
press@sunrun.com
+1 (386) 341 4428
Investor Relations Contact
Patrick Jobin
Vice President, Finance & Investor Relations
investors@sunrun.com
+1 (415) 510-4986
Released April 11, 2018