Sunrun’s Megawatt’s Deployed

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This statistic highlights Sunrun’s Megawatt’s Deployed, reported on a quarterly basis from Q1 2016 onwards.
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This statistic highlights Sunrun’s Megawatt’s Deployed, reported on a quarterly basis from Q1 2016 onwards.

Sunrun Inc. is a global provider of solar panels and home batteries for residential use. The company was founded in 2007 and currently employs around 8500 employees. Sunrun has grown significantly in size and scope since its founding in 2007, including the acquisition of Vivint Solar in 2020. As of September 30, 2021, they have the United States’ largest fleet of residential solar energy systems. They have a Networked Solar Energy Capacity of 4,457 Megawatts as of September 30, 2021, which refers to the total megawatt production capacity of their solar energy systems that have been recognized as installations from the beginning to the measurement date. As of September 30, 2021, gross earning assets totaled $9.2 billion.

What are Megawatts Deployed?

Megawatts Deployed refers to the total capacity of the system, whether sold directly to customers or through customer agreements, for which Sunrun has confirmed that the systems are installed on the roof, subject to final inspection, or have accrued at least 80% of the expected project cost in the case of certain system installations by their partners.

Sunrun’s Megawatt’s Deployed

Megawatt’s Deployed Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019
MW Deployed 100 115 86 103 107 117

(All figures in Megawatts)

The company earned 60 megawatts deployed in Q1 2016 and 117 megawatts deployed in Q4 2019, which indicates an overall growth of 95% or 57 megawatts, over a span of 4 years.

In Q3 2018, the company’s Megawatt Deployed was reported as 100 megawatts, which further increased to 107 megawatts in Q3 2019, indicating a year-on-year growth of 7% or 7 megawatts. The company’s megawatt deployed reported in Q4 2018 was 115 megawatts, which further increased to 117 megawatts, indicating a year-on-year growth of 1.7% or 2 megawatts.

The company’s megawatt deployed was recorded at 100 megawatts in Q3 2018, which showed a quarter-on-quarter growth of 15% or 15 megawatts in Q4 2018 by having a megawatt deployment of 115 megawatts. In Q1 2019, the company’s megawatt deployed showed a quarter-on-quarter fall of 26.21% or 29 megawatts by having a megawatt deployment of 86 megawatts in comparison of the previous quarter of Q4 2018. In Q2 2019, the company deployed 103 megawatts, which showed a quarter-on-quarter growth of 20.14% or 17 megawatts, as compared to the previous quarter of Q1 2019. In Q3 2019, the company’s megawatt deployed was 107 megawatts, showing a quarter-on-quarter growth of 3.88% or 4 megawatts. Further, in Q4 2019, the company reported a megawatt deployment of 117 megawatts, showing a quarter-on-quarter growth of 9.34% or 10 megawatts, from 107 megawatts in Q3 2019.

About Sunrun Inc

Sunrun Incorporation is a solar panel and battery organization that sells to homeowners. Founded in 2007 in San Francisco, California, the company has its headquarters there. Ed Fenster, Lynn Jurich, and Nat Kreamer are the founders of the company. Household solar power structures are designed, developed, installed, sold, owned, and maintained through businesses within the United States. It often provides clean solar energy at a lower price than traditional utility power. The bulk of their customers is homeowners. They also offer solar energy and battery storage options to their clients in some areas, as well as multifamily and new home services to commercial developers.

It operates in the Solar Energy industry, and is responsible for installation, monitoring, maintenance, and repairs. It built the infrastructure and capabilities needed to quickly attract and serve consumers at a low-cost and scalable level after establishing a residential solar service model and identifying its enormous market potential. The company’s scalable running platform now comes with a slew of benefits. The company’s common stock is traded on the NASDAQ under the ticker code “RUN.”

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