Sunrun Inc. has recently passed Tesla Inc., as the largest residential solar installer in the United States. Sunrun engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. Sunrun was founded in 2007 and is headquartered in San Francisco, California.
Sunrun is forecasting that the company’s rooftop solar installations in 2017 will increase by 15% in 2018. Investec Plc, a South African specialist bank is leading a $500 million investment program for Sunrun. The funds will be used to refinance and expand an existing credit facility and represent the company’s biggest non-recourse debt financing deal to date.