Sunrun Inc. (NASDAQ: RUN) is a United States-based provider of residential solar electricity and operates the "second largest fleet of residential solar energy systems” in the United States. Headquartered in San Francisco, California and founded in 2007 with a focus on home solar power installation, financing and leasing, Sunrun pioneered the use of solar as a service for residential customers and in some states offers customers either a lease or a Power Purchase Agreement (PPA) business model, whereby homeowners pay for electricity that their solar panels produce but do not have to buy solar panels outright. Sunrun has a number of service packages. The BrightSave option lets a customer lease a solar system for their residence, while the BrightBuy option allows a customer to directly purchase a system from Sunrun. BrightAdvantage allows a customer to finance their system through a loan. Sunrun acquired the residential solar division of REC Solar, a subsidiary of Mainstream Energy, in early 2014, which allowed the company to directly install systems and become "more of a full-service home solar supplier." They also acquired SnapNrack and AEE Solar. In October 2014, the company officially debuted its Sunrun Partner Program to develop its network of installation and sales partners. In 2015 Sunrun acquired the "consumer demand generation" company Clean Energy Experts (CEE), with CEE billed at the time as the "largest lead generation company in the solar industry." Sunrun completed their IPO in 2015, raising $251 million in August. Sunrun currently has approximately 100,000 solar customers in fifteen states. Sunrun was co-founded in 2007 in San Francisco, California. Co-founders Ed Fenster and Lynn Jurich had met as students at Stanford Business School, and had also both worked in finance and investments: Fenster with The Blackstone Group and Jurich with Summit Partners. Together they came up with the idea of forming a startup company in San Francisco, and in 2007 Fenster, Jurich, and fellow co-founder Nat Kreamer became intrigued with SunEdison, a renewable energy company which delivered solar power to commercial and industries customers, but had faced little competition in the U.S. market. According to VentureBeat, "the three decided to do SunEdison one better. They pioneered the idea of leasing solar panels to residential homes, starting with houses where electricity prices are the highest." Kreamer was appointed president and chief operating officer, while Fenster took the role of CEO. Fenster also proved to be Sunruns first customer, installing panels on his San Francisco home where Sunrun also had its first office. The founders established a business model wherein Sunrun hired local contractors and installation companies to handle putting in the solar panels, as well as maintenance.
Highest paying job titles at SunRun include Senior Software Engineer, Branch Manager, and Sales Manager