Colorado Welcomes SunRun!
October 13, 2009
Thought you couldn't afford solar on your home? Think again.
In a time where unemployment and the economy continue to press heavy on our minds, it is very exciting to be able to welcome SunRun to Colorado. On behalf of Colorado, Governor Ritter welcomed Sun Run as the newest member of Colorado's New Energy Economy.
They are coming to Colorado because of a bill I authored with Rep. Claire Levy (SB 09-51) that Governor Ritter Signed this Earth Day. Leasing was previously prohibited in Colorado law. One of the key provisions of SB 51 removed that provision so homeowners can now go solar through lease or lease-purchase options.
SunRun offers homeowners the opportunity to lease solar power systems, providing another way for consumers to save energy costs and access clean energy.
California-based SunRun (www.sunrunhome.com) is expanding its business to Colorado as a direct outgrowth of the passage of Senate Bill 51. SB 51 allows solar companies to build rooftop systems that homeowners can lease instead of own, dramatically reducing upfront costs for consumers and creating a new marketplace and job expansion for solar installers.
SunRun partners with local solar companies and its arrival in Colorado is expected to lead to dozens of new jobs for installers. So far in 2009, SunRun's partners in other states – including Arizona, California and Massachusetts – have seen consistent job increases. Larger installation partners have hired as many as 20 additional people in their first three months working with SunRun.
Under SunRun's solar lease arrangement, homeowners pay as little as $1,000 for a one-time system installation fee. For a small monthly fee, SunRun provides complete monitoring, repairs, insurance and a performance guarantee. Utility bill savings mean consumers often see payback from their investment in less than three years.
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