Alternative Energy - Tuesday, June 24, 2008
SunRun's End Run For Home Solar As Service
Reading about SunRun today we had the knee-jerk reaction to call them to become a client. If you are like us and want to do your part to pitch in with global warming putting up solar panels on your house is appealing but seems expensive and we know that the cost of panels will keep coming down.
SunRun removes this friction by picking up the tab for the panels and installation and then charging you a monthly bill. They even do maintenance.
SunRun scores with the factoid that between 1971 and 2001, residential electricity prices in California have gone up an average of 6.7% annually. With SunRun you can lock them in to a fixed rate.
San Francisco's SunRun has raised $12M in first-round funding led by Foundation Capital led the round, with angels like Parker Weil from Merrill Lynch and Greg Avis of Summit Partners.
SunRun's crew is composed of some hard-core business enviros. CEO and co-founder Ed Fenster who was a founder of Transforma (AMEX: TAQ) and CEO of Avestar-IP. Ed's mission with SunRun is to make a living while addressing global warming.
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so basically, you have to pay more to get what you already have?
Problem is that the solar panels will not generate the same or more than a house needs.
"residential electricity prices in California have gone up an average of 6.7% annually"
Take this on face value, how much are you paying as a premium for the solar panels? also we tend to use more power at nite when we get home from work.
hmm. nope, not going to buy it.
Posted by: rick at June 25, 2008 03:01 PM
also interesting is the fact that old ed fenster, is not listed as a founder for transforma, also of note is transforma is not a company but a blank check co.
and is only 2 years old.
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=4650719-20960-35377&type=sect&TabIndex=2&companyid=720616&ppu=%252fdefault.aspx%253fsym%253dTAQ
Posted by: rob at June 25, 2008 03:17 PM
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