Sunrun
Sunrun Inc. is a provider of residential solar energy systems in the United States, specializing in the design, development, installation, ownership, and maintenance of these systems. Founded in 2007 and headquartered in San Francisco, the company offers a unique solar service model that allows homeowners to pay for the electricity generated by the solar systems rather than purchasing the panels outright. This approach helps customers save money over time through a locked-in rate for the power produced. Sunrun operates in twelve states, including California, New Jersey, and Massachusetts, and employs over 3,000 individuals through a network of more than 30 solar installers. The company also sells solar energy products and provides battery storage options. Sunrun acquires customers through various marketing channels and typically engages them in long-term agreements lasting 20 to 25 years. Each business day, Sunrun facilitates significant solar installations, contributing to the growing adoption of renewable energy in residential settings.
Vivint Solar, Inc. is a prominent provider of residential solar energy solutions in the United States, focusing on delivering clean, renewable energy to homeowners. Founded in 2011 and headquartered in Lehi, Utah, the company designs, installs, and maintains solar energy systems under long-term customer contracts. Vivint Solar offers a range of financing options, including power purchase agreements and lease agreements, to make solar energy accessible and affordable for its customers. In addition to solar panel installations, the company provides solar renewable energy certificates and has expanded its offerings to include solar plus storage systems and electric vehicle chargers. As of late 2019, Vivint Solar had an aggregate capacity of 1,294 megawatts, serving approximately 188,300 homes. In 2020, it became a subsidiary of Sunrun Inc.
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