Sunrun
Overview, company details, product information, news, events, rankings and Consultant listings for Sunrun.
Sunrun Current Status and History
Sunrun was founded in San Francisco in 2007 by Lynn Jurich and Edward "Ed" Fenster, who developed a residential "solar-as-a-service" model intended to reduce the upfront cost of installing home solar equipment. The company completed its initial public offering on the Nasdaq exchange in August 2015 under the symbol RUN. On October 8, 2020, Sunrun completed its acquisition of Vivint Solar, which had been announced as an all-stock transaction with an enterprise value of approximately $3.2 billion. The acquisition substantially expanded Sunrun's direct-to-home sales organization and residential solar portfolio.
Sunrun designs, installs, owns, finances and services residential solar-energy and battery-storage systems. Most customers obtain systems through long-term leases or power-purchase agreements, generally lasting 20 or 25 years, under which Sunrun owns, monitors, maintains and insures the equipment while the homeowner pays for access to the system or the electricity it generates. Customers may also purchase systems outright. Sunrun has expanded beyond rooftop solar into battery storage, home-energy management, electric-vehicle charging and grid-service programs that combine participating home batteries into distributed or virtual power plants.
Sunrun uses a commission-based direct-sales and solar-dealer partner model, not an MLM compensation plan. Its sales channels include online lead generation, telephone sales, field representatives, direct-to-home salespeople, retail teams, independent sales partners, solar-system integrators and installation contractors. Sunrun generally compensates independent sales partners on a per-customer basis and system integrators or installers on a per-system basis. Customer contracts are made directly with Sunrun at prices established by the company.
Sunrun's direct-to-home salesforce is included among its employees, although the company also works with independent contractors and outside partner organizations. Sunrun reported approximately 9,059 full-time employees at December 31, 2025. Its financial statements also reported $8.6 million in net advances receivable from direct-sales professionals at year-end 2025, reflecting the advance-based arrangements used with portions of its sales organization.
On July 19, 2024, the Connecticut attorney general filed a lawsuit against Sunrun, Sunrun Installation Services and several outside sales and installation businesses. The complaint alleges that salespeople locked homeowners into long-term solar agreements without informed consent, impersonated consumers, forged signatures, failed to obtain required permits and installed systems that did not function properly. The state seeks consumer restitution, disgorgement, civil penalties and injunctive relief.
Company timeline
- 2007 Lynn Jurich, Edward Fenster, and Nat Kreamer found Sunrun. The company offers leased rooftop solar, with customers paying for the electricity the system generates.
- 2015 Sunrun prices an initial public offering of 17,900,000 shares at $14.00 per share and begins trading on Nasdaq under the symbol RUN.
- 2020 Sunrun completes its acquisition of Vivint Solar, which continues as a Sunrun company pending integration.
- 2021 Mary Powell becomes chief executive officer, succeeding co-founder Lynn Jurich, who transitions to executive co-chair of the board. Edward Fenster continues as executive co-chair.
- 2024 Connecticut Attorney General William Tong sues Sunrun, Sunrun Installation Services, Bright Planet Solar, and Elevate Solar, alleging deceptive solar sales including forged signatures, impersonation, unpermitted work, and non-functioning systems. Sunrun contracts with Bright Planet and Elevate for door-to-door marketing, sales, and installation.
- 2025 The Arizona Superior Court approves a stipulated consent agreement under which Sunrun and Vivint Solar pay $600,000 in civil penalties, $50,000 in attorney's fees, and $600,000 toward consumer restitution to resolve Consumer Fraud Act allegations, without admitting liability.
- 2026 Sunrun agrees to pay Connecticut $300,000 and to investigate claims and provide uncapped relief, including cash, credits, contract cancellation, or system removal, to settle the 2024 lawsuit without admitting liability. The settlement does not cover sales partner Bright Planet, against which the case remains pending.
Executive Team
Lynn Jurich, Co-Founder and Vice-Chair
Edward Fenster, Co-Founder and Vice-Chair
Mary Powell, Chief Executive Officer
Paul Dickson, President and Chief Revenue Officer
Danny Abajian, Chief Financial Officer
Jeanna Steele, Chief Legal Officer and Chief People Officer
Chance Allred, Chief Experience and Direct Sales Officer
Patrick Kent, Chief Operating Officer
Rachit Srivastava, Chief Technology Officer
Sunrun News
Sunrun Q3 Revenue Jumps 52% to $1.1 Billion as Direct Installations Grow; Cash Guidance Narrowed
SAN FRANCISCO - November 4, 2026 Sunrun reported third-quarter 2026 revenue of $1.10 billion on November 4, up 52 percent from $724.6 million a year earlier...
Sunrun to Pay Connecticut $300,000 and Provide Uncapped Relief in Settlement Over Forged Solar Contracts
HARTFORD, Connecticut - October 23, 2026 Sunrun Inc. will pay $300,000 to the state of Connecticut and must investigate and compensate homeowners who say they...
Related companies and people
These people and companies appear in the public record around Sunrun:
Sources
- American Solar Energy Society, Nat Kreamer profile (March 9, 2013) — Contemporaneous interview in which Kreamer describes founding Sunrun in January 2007 with Fenster and Jurich and launching a leased rooftop-solar model.
- Sunrun, IPO pricing release (August 5, 2015) — Official pricing of 17,900,000 shares at $14.00, with trading expected to begin that day on Nasdaq as RUN.
- Sunrun, Vivint Solar acquisition completion release (October 8, 2020) — Official announcement that the acquisition closed after regulatory and stockholder approvals.
- Sunrun, CEO transition release (August 5, 2021) — Official announcement that Powell becomes CEO effective August 31, 2021, with Jurich moving to executive co-chair and Fenster remaining executive co-chair.
- Connecticut Attorney General, lawsuit release (July 19, 2024) — Official filing announcement and alleged CUTPA and Home Improvement Act violations.
- Arizona Attorney General, stipulated consent agreement (filed May 22, 2025) — Court-entered agreement stating the payment amounts, the consumer fraud allegations, and the companies' denial of liability.
- Connecticut Attorney General, settlement release (October 23, 2026) — Official settlement terms, including the $300,000 payment, uncapped consumer relief, no admission of liability, and the statement that the case against Bright Planet remains pending.
SunrunConsultant Listings
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