SunRun, a distributed residential solar electricity provider, has received an initial tax equity commitment from an affiliate of U.S. Bancorp as part of the financing for up to 2,000 residential solar facilities.
SunRun's Solar Service, the nation's first residential power purchase agreement, provides homeowners a fixed, flat rate for solar electricity. The current commitment of financing from U.S. Bancorp will enable SunRun to develop more residential solar energy projects.
SOURCE: SunRun
