Sunrun (RUN) announced three new solar installations at affordable apartment communities in Orange County, California. Collectively, the new rooftop solar projects will provide monthly utility bill savings to approximately 800 low-income residents. Sunrun installed the solar systems in partnership with affordable housing providers at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms apartment complexes. In total, the systems will provide 748 kilowatts of electricity, offsetting approximately 80% to 90% of the communities’ energy usage. All three projects are located in California’s 40th Congressional District, which U.S. Rep. Young Kim represents.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUN:
- Short Report: Bears bite into solar with higher exposure to Sunrun, SolarEdge
- Lockheed upgraded, Oracle downgraded: Wall Street’s top analyst calls
- Sunrun downgraded to Equal Weight from Overweight at Morgan Stanley
- Citi says U.S. solar duties broadly negative, except for First Solar
- Charged: Tesla said to delay U.S. launch of lower cost Model Y
