Sunrun Inc. and Comcast announced an agreement that will give the cable and TV network giant a way to offer more services for your home.
Under the 40-month agreement, Sunrun will be the exclusive residential solar energy provider for Comcast Cable. Comcast Cable will serve as one of Sunrun’s strategic partners through marketing campaigns in selected markets.
Markets were not announced, although the Delaware Valley area, where Comcast is based, is typically part of Comcast product rollouts. Comcast also operates Xfinity retail stores in Dover and north Wilmington that could market the service.
“At Sunrun, we know homeowners love the savings, backup power and control they get with our solar energy and storage plans,” said Lynn Jurich, CEO at Sunrun. “Our challenge is making homeowners aware that they can save money with solar today. We are excited to work with Comcast to help their customers go solar and save on their electric bills while reducing their dependence on fossil fuels.”
Jon Kaplowitz, managing director and GM of new businesses, Comcast Cable, said, “We believe the residential solar industry will continue to expand over the next decade as consumers look for more cost-efficient, independent and cleaner alternatives for their energy. By working with Sunrun, Comcast can help customers take more control of the price they pay for energy, save them money and help contribute to cleaner communities.”
According to a 2017 Bloomberg New Energy Finance report, rooftop solar is projected to be one of the fastest growing sectors in the energy industry, nearly tripling in size in the U.S. by 2025. Sunrun is currently available in 22 states and the District of Columbia.
Comcast currently offers customers the ability to manage, control and operate a number of key smart home functions, including energy consumption management, with its Xfinity Home security and home automation services.
The agreement with Comcast follows a successful one-year solar pilot-program in which participating Comcast customers chose Sunrun’s BrightSave offering, paying little to no money down and savings on electric bills.
As part of this agreement, Comcast will receive fees for new customer with the full fees earned if a 60,000 customer mark is reached.
Sunrun is based in San Francisco
