Under an expanded partnership Sunrun will continue to support GRID Alternatives efforts to bring solar power and solar installation jobs to more low-income people across the US. The organizations will install systems through the National Association for the Advancement of Colored People's (NAACP) Solar Equity Initiative this year.
The NAACP announced the new initiative this past January. It’s goal is to connect more than 30 communities of color and other low-income communities across the US with solar energy power for homes and community centers. It also will provide skills training for solar jobs.
"We are committed to providing resilient, affordable solar access for all," said Lynn Jurich, Sunrun CEO. "This foundational idea shapes both Sunrun's business philosophy and our values, and we're thankful to GRID Alternatives for our long-term, growing partnership."
Through the partnership residential solar installer Sunrun will make a philanthropic donation to support GRID Alternatives’ job training and solar installations for low-income families. In addition, the projects that GRID Alternatives will install and fund for the recipients using volunteers like Sunrun employees, will be owned and maintained by Sunrun through leases and power-purchase agreements (PPAs).
"Solar has tremendous benefits for low-income communities," said Erica Mackie, CEO and co-founder of GRID Alternatives. "We're incredibly grateful for partners like Sunrun that share our vision of a transition to clean energy that includes everyone, and are willing to roll up their sleeves with us and make that happen."
GRID Alternatives will prepay 20-year leases or PPAs for beneficiaries of the solar installations. With Sunrun acting as the owner of the systems it allows the company to leverage federal investment tax credit and depreciation benefits of the GRID projects, thus helping to reduce the cost of financing solar power and allowing it to provide solar power for more low-income people. GRID Alternatives has partnered with multiple solar companies and others to help spread the use of solar power among low-income people and communities.
The relationship builds on a six-year partnership the two have had. Over that time Sunrun’s employees have volunteered over 4,200 hours to GRID and have installed more than 2,000 kilowatts of solar power for low-income people in single-family and multi-family homes as well as for community solar projects.Tweet