Sunrun, Inc.: An Insight Into Its Inflation Reduction Act & Bipartisan Support

Sunrun’s third-quarter earnings report for 2024 presents an intricate picture of the company’s operational and financial landscape amid both progress and challenges in the renewable energy sector. On the positive side, Sunrun achieved a significant milestone by reaching over one million customers, marking a substantial increase in its customer base. The company’s focus on expanding its storage offerings is noteworthy, with 60% of new customers opting for storage packages, a notable rise from the previous year’s 33%. Sunrun’s storage installations rose sharply to 336 megawatt-hours in Q3, representing a 92% year-over-year increase. This positions Sunrun with nearly a 50% share of all residential storage installations in the U.S., highlighting its leading position in the sector.