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Sunrun wins Florida PSC vote remove roadblock to consumer solar leasing

Published 04/20/2018, 04:31 PM
© Reuters.  Sunrun wins Florida PSC vote remove roadblock to consumer solar leasing
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  • Sunrun (RUN +4%) is poised to sell more rooftop solar panels in Florida after the state's Public Service Commission votes to allow homeowners the right to lease the company's solar systems.
  • Utilities such as NextEra Energy (NEE -1.1%) have been the only entities that can legally sell electricity in Florida, but Sunrun challenged an interpretation of the policy and the Florida PSC ruled today that the company’s 20-year solar-equipment leases do not constitute a retail sale of electricity.
  • “Florida was already going to be a growth market,” says Bloomberg analyst Hugh Bromley, and today's ruling “could supercharge that.”
  • Now read: NextEra Energy Successful With Renewables


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