SunRun said that it has secured $200 million from a bank to finance the installation of residential solar panels, a sign of confidence in a business model that avoids the upfront cost of solar.
The company said that a subsidiary of US Bancorp will provide the money, which will be the largest single fund for financing residential solar projects. US Bancorp has already made financing available to SunRun in separate deals.
Prices for solar panels themselves continue to fall but, with installation half the cost of an array, the upfront cost remains a barrier to residential solar. The financing model … Read more