Sunrun Inc - Company Profile
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Business Description
Sunrun Inc (Sunrun) is a provider of residential solar to homeowners. The company designs, develops, installs, finances, insures, monitors, and maintains the solar energy systems on a homeowner's roof. It also offers BrightBox solar power generation with smart inverter technology and home battery storage. The company also offers services such as permitting, design approval, site inspection and utility interconnection for solar energy systems.
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R&D Overview
R&D focuses on improving and expanding its platform of services and tools. The platform includes processes and design and proposal software, BrightPath. In FY2022, the company spent US$20.9 million on its R&D, which stood 0.9% of its total revenue and decreased 9.7% YoY. As of December 31, 2022, Sunrun had 53 issued patents and 16 filed patent applications in the US and foreign countries relating to its solar solutions. The company’s US patents will expire 20 years from their respective filing dates, with the earliest expiring in 2029.
Business Segments
- Customer Agreements and Incentives
- Solar energy systems and products
- Solar Energy Systems and Product Sales
Overview
Offers solar services to customers through lease and power purchase agreements. Install solar energy systems in its customers’ homes and provide them with the solar power produced by those systems. Also, monitors, maintains, and insures the solar system during the period of the contract.
Performance
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Overview
Designs, develops, installs, finances, insures, monitors, and maintains solar energy systems to resellers and customers. Products offerings include solar panels, racking systems, inverters, and other solar energy products.
Performance
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