Frequently Asked Questions
What is SunRun?
SunRun is a national solar power company that makes solar affordable for everyone by dramatically lowering the out of pocket cost for a residential solar power system. They also increase the value of your solar investment by providing 20 years of monitoring, maintenance, repair, and an annual cash-back performance warranty.
Their program in Oregon is often referred to as a residential PPA (power purchase agreement) or a solar power finance program. In 2011, PPAs and financed systems accounted for more than half of the residential solar installed in the U.S. So far in 2012, 70% of systems installed in California are third-party owned and maintained systems.
Can I own my system?
Absolutely. Many homeowners in Oregon still choose to own their system. RS Energy will provide you with multiple options to consider.
How does SunRun work?
SunRun accepts the Energy Trust incentive and federal tax credit for your system, but as the homeowner you will monetize the $6,000 state tax credit (over 4 years at $1,500/year). Before accounting for the $6,000 state tax credit, the average cost for a SunRun system is currently $6,000 in the PGE service area and $7,500 in the Pacific Power service area. Payback or break-even periods average from 4 - 7 years.
Who is eligible?
PGE and Pacific Power and Light customers are eligible for SunRun and purchased solar systems. If you are part of another utility district, we will consult with their office to confirm net metering rules and applicable cost offsets and incentives.
If I go with SunRun what are my options at the end of the 20-year agreement?
At the end of 20 years you have three options:
- Renew with SunRun at a guaranteed rate 10% less than the utility's baseline at that time
- Buy the equipment at Fair Market Value (determined by 3rd party)
- SunRun will remove the equipment at no cost to you
What if I move before the 20-year agreement is complete?
You can transfer the agreement to the new homeowner. They will pay no additional costs and your home will have an increased value and potentially higher selling price.
What if SunRun goes out of business?
If SunRun were to go out of business you are completely protected. An escrow account is created to completely protect your system today and for the entirety of the agreement.
What if my roof needs re-roofing?
The Energy Trust of Oregon requires 10-years of remaining roof life to approve the installation of a PV system. If your roof has less than 10-years of remaining roof life we recommend at least re-roofing the portion of your roof where the solar will go.