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SunRun Brings Solar Leasing to New Jersey

January 22, 2010 | 2 Comments

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San Francisco, United States [RenewableEnergyWorld.com] SunRun this week announced its expansion into New Jersey. With SunRun, homeowners will get solar panels installed for as little as US $500, and then pay a low fixed rate every month for the solar electricity, allowing them to save money while enjoying clean electricity.

Last month, SunRun secured a commitment of tax equity from a subsidiary of U.S. Bancorp that will help the company develop $90 million in residential solar installations in 2010.

The monthly solar payments for a typical three-or four-bedroom home in New Jersey start at $50 per month. All SunRun customers receive an annual money-back performance guarantee in addition to professional-grade monitoring, maintenance, repairs, and insurance, making it simpler than ever to get clean electricity.

Thousands of homeowners in California, Arizona, Massachusetts and Colorado currently get solar energy from SunRun. Last month, SunRun secured a commitment of tax equity from a subsidiary of U.S. Bancorp that will help the company develop $90 million in residential solar installations in 2010.

In New Jersey, SunRun will partner with Mercury Solar Systems and Trinity Solar. SunRun expects the residential solar industry to add as many as 300 new jobs in 2010 and 1,200 new jobs by 2012, many of them at SunRun’s partners.

Solar Energy

2 Reader Comments

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1 of 2

scudapie

January 27, 2010

There is always one major issue I have with these lease programs that perhaps someone can answer for me ,if there is an answer.With the current rate of development in this technology leading every year to better efficiency rates,What garantee does the homeowner have that in 5 years he is not stuck with an outdated system attched to their home? Will the homeowner be given any credit or pro-rate incentives for upgrades.This commitment is a bit larger and much more difficult to upgrade than an I-phone.

Comment
2 of 2

Anonymous

August 1, 2010

Sign up for renewable energy in NJ, PA, CT and MD @ www.viridian.com/greening2morrow No contract, or Fees. Savings up to 30% on residential bills

email all questions to Greening2morrow@gmail.com

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