Sunrun gets $150 million in financing for solar projects in 14 states

By Wendy Van Sickle

Columbus, Ohio, Dec. 8 – Sunrun Inc. received $150 million in financing for a portfolio of residential rooftop solar projects, according to a press release from boutique financial advisory firm Tax Equity Advisors, which said it served as the outsourced project finance, underwriting, and portfolio management team for the financing.

The financing is expected to support a total investment of over $300 million – enough to build about 9,500 residential projects in 14 states, according to the release.

Tax Equity works with companies that are “interested in the financial and environmental benefits of clean energy, but for whom tax equity is not core to their business,” its managing director, Jonathan Silver, said in the release.

Sunrun is a San Francisco-based residential solar company.

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