At pv magazine we’ve written a lot of articles about how changes to Florida’s tax code could lead to a big growth in the state’s distributed solar segment. But it appears that we and the advocates we cite are not the only ones who see a big future for the state. Today Sunrun announced that it will open two offices in Florida, following on Tesla’s decision to enter the market last December and Vivint making a similar move in March.
Sunrun has said that it will make both cash purchases and its solar loans available to customers, but not its lease options at this time. This is a strange position, given that Governor Rick Scott’s signing of SB 90 last Friday exempted leased PV systems from 80% of their prior tax burden.
VinyaSun CEO Justin Hoysradt, who formerly worked on the SB 90 issue for Vote Solar, has told pv magazine that this move makes the economics of both solar leasing and direct purchase very compelling, even considering Florida’s low electricity rates. Leasing is also the only third-party solar option in the state, as power purchase agreements for both commercial and residential customers are still illegal in Florida.
Sunrun will offer its systems for sale in Florida at Costco superstores as well as directly. The company now operates in 22 states, and is the only one of the top 3 residential installers which is currently growing on a year-over-year basis, after Tesla and Vivint scaled back their presence in several markets.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.