Jun 20, 2013 - Sunrun today announced the availability of its solar power service in Connecticut. Through its service, also known as third-party owned solar, Connecticut residents make a low initial investment to receive clean solar power without the effort and expense of panel ownership, which can cost up to $30,000. Instead Sunrun owns, installs, insures, and maintains the system for 20 years. Homeowners just pay for power.
"We remove two of the biggest barriers to home solar adoption: high upfront costs and the hassle of owning solar panels," said Sunrun co-Founder and co-CEO Lynn Jurich. "Homeowners are able to lock in low electricity rates and we take care of everything else, working with Connecticut's top solar installation companies."
"We applaud Governor Malloy, the Connecticut legislature, Commissioner Dan Esty, and the Clean Energy Finance and Investment Authority (CEFIA) for their leadership in supporting a sustainable, long-term solar market in Connecticut," Jurich added.
"Sunrun's move into Connecticut is the latest proof that we are fulfilling Governor Malloy's commitment to provide Connecticut's residents and businesses access to smart energy opportunities," said Daniel C. Esty, Commissioner of Connecticut's Department of Energy and Environmental Protection. "It also demonstrates our success in leveraging private capital to advance the state's 21st century energy agenda."
"Today's announcement that Sunrun is entering the Connecticut market is good for businesses and homeowners," stated Bryan Garcia, President and CEO, CEFIA. "Local installers are provided with greater access to private capital and homeowners have additional choices from which to receive cleaner, cheaper, and more reliable sources of energy."
Through CEFIA's Residential Solar Investment Program, which was established by Connecticut's General Assembly in 2011 to promote and develop clean energy, homeowners can qualify for solar incentives that help lower monthly electric bills.