SunRun Receives $200 Million Tax Equity Commitment From U.S. Bancorp


Home solar company SunRun says it has received an additional commitment of tax equity from a subsidiary of U.S. Bancorp to support the purchase of $200 million in residential solar systems.

According to the companies, this commitment is U.S. Bancorp's largest renewable energy tax equity fund to date. This tax equity commitment, SunRun's fifth with U.S. Bancorp, is supported by the U.S. Department of Treasury's Section 1603 cash-grant program.

‘It's critical for U.S. Bancorp to have an existing portfolio of proven renewable energy investments as we expand our financing in the space, and SunRun is a core part of that base,’ says Darren Van't Hof, director of renewable energy investments for U.S. Bancorp.

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