Solar Universe Network

Solar Universe Network

August 28, 2012 09:00 ET

Solar Universe Partners With Sunrun to Bring Affordable Solar to More Local Markets

LIVERMORE, CALIFORNIA--(Marketwire - Aug. 28, 2012) - Solar Universe Network, a top five consumer solar company in California, today announced a strategic partnership with Sunrun that will make affordable solar accessible to more American homeowners. Consumers in six states can now opt for Sunrun's solar service through Solar Universe's vast network to avoid the high upfront cost of installing solar.

"This really changes the landscape and creates a new leader in the solar energy category," said Joe Bono, CEO of Solar Universe. "Nobody can compete with our local reach, and now, we can offer our customers a superior alternative to grid power that is less expensive."

One of the biggest barriers consumers face in entering the solar market is the high upfront cost. The average cost of a solar home installation is estimated at around $30,000. The partnership between Solar Universe and Sunrun removes the barrier by allowing more local communities access to low-cost payment options, such as little or nothing upfront.

Sunrun removes upfront costs because the Company owns and maintains the system on a customer's roof. Homeowners pay for the solar power produced by the system at rates that are less than their local utility rates.

"Solar is becoming more widespread because more families now realize it's a smart financial choice to use a solar service like Sunrun," said Sunrun President and co-Founder Lynn Jurich. "The highest adoption rates in California are in median-income zip codes, and this partnership with Solar Universe will allow us to continue that growth."

The new partnership will service homeowners in California, Arizona, Hawaii, Maryland, Pennsylvania and Oregon. For more information visit www.solaruniverse.com or www.sunrunhome.com.

About Solar Universe Network

Not all solar companies are created equal. Solar Universe Network is one of the largest solar companies in the United States with 30 franchises in 10 states. Solar Universe Network is changing the solar industry by pioneering professional product and service standards in North America's fastest growing markets. Solar Universe is rapidly becoming the nations full-service trusted brand for solar power. Visit www.solaruniverse.com for more info.

About Sunrun

Sunrun is the nation's largest home solar company and invented solar power service, a way for homeowners to go solar without the high upfront costs. Sunrun owns, insures, monitors and maintains the solar panels on a homeowner's roof, while families pay a low rate for clean energy and fix their electric costs for 20 years. Since Sunrun introduced solar power service in 2007, it has become the preferred way for consumers to go solar in the nation's leading solar markets. More than 25,000 homeowners in 10 states have chosen Sunrun, and the Company partners with over 30 leading local solar companies who together employ more than 3,000 workers. Sunrun has attracted enough capital to support the purchase of $1 billion in solar systems from investors including U.S. Bancorp and raised $145 million in venture capital from Accel Partners, Sequoia Capital, Foundation Capital, and Madrone Capital Partners. For more information visit: www.sunrunhome.com

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