Sunrun Installs Solar Projects at Three Affordable Apartment Communities in Southern California, Providing Energy Bill Savings to 800 Renters
Sunrun (Nasdaq: RUN) has completed solar installations at three affordable apartment communities in Orange County, California, benefiting approximately 800 low-income residents. The projects, located at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms, will generate 748 kilowatts of electricity, offsetting 80-90% of the communities' energy usage.
Through virtual net metering, residents at Arroyo Vista receive about $60 in monthly energy savings, with Villa Plumosa residents saving similarly, while Yorba Linda Palms residents will save over $75 monthly when operational this summer. The Arroyo Vista installation alone is projected to save residents over $3.5 million on electric bills over 20 years.
The projects were funded through the Solar On Multifamily Affordable Housing (SOMAH) program and Low-Income Communities Investment Tax Credit (ITC) program, requiring no cost from residents. Sunrun currently serves more than 21,000 households in low-income multifamily properties.
Sunrun (Nasdaq: RUN) ha completato l'installazione di impianti solari in tre complessi di appartamenti a prezzi accessibili nella contea di Orange, California, beneficiando circa 800 residenti a basso reddito. I progetti, situati ad Arroyo Vista, Villa Plumosa e Yorba Linda Palms, produrranno 748 kilowatt di elettricità, coprendo dall'80 al 90% del consumo energetico delle comunità.
Grazie al sistema di net metering virtuale, i residenti di Arroyo Vista risparmiano circa 60 dollari al mese sulle bollette energetiche, con risparmi simili per gli abitanti di Villa Plumosa, mentre quelli di Yorba Linda Palms risparmieranno oltre 75 dollari mensili quando l'impianto sarà operativo questa estate. Solo l'installazione di Arroyo Vista è stimata far risparmiare ai residenti oltre 3,5 milioni di dollari in bollette elettriche in 20 anni.
I progetti sono stati finanziati attraverso il programma Solar On Multifamily Affordable Housing (SOMAH) e il programma Low-Income Communities Investment Tax Credit (ITC), senza alcun costo per i residenti. Sunrun attualmente serve più di 21.000 famiglie in proprietà multifamiliari a basso reddito.
Sunrun (Nasdaq: RUN) ha completado la instalación de sistemas solares en tres comunidades de apartamentos asequibles en el condado de Orange, California, beneficiando a aproximadamente 800 residentes de bajos ingresos. Los proyectos, ubicados en Arroyo Vista, Villa Plumosa y Yorba Linda Palms, generarán 748 kilovatios de electricidad, cubriendo entre el 80 y el 90% del consumo energético de las comunidades.
A través de la medición neta virtual, los residentes de Arroyo Vista ahorran alrededor de 60 dólares mensuales en energía, con ahorros similares para los residentes de Villa Plumosa, mientras que los de Yorba Linda Palms ahorrarán más de 75 dólares al mes cuando el sistema esté operativo este verano. Solo la instalación en Arroyo Vista se proyecta que ahorre a los residentes más de 3.5 millones de dólares en facturas eléctricas durante 20 años.
Los proyectos fueron financiados mediante el programa Solar On Multifamily Affordable Housing (SOMAH) y el programa Low-Income Communities Investment Tax Credit (ITC), sin costo alguno para los residentes. Sunrun actualmente atiende a más de 21,000 hogares en propiedades multifamiliares de bajos ingresos.
Sunrun (나스닥: RUN)은 캘리포니아 오렌지 카운티에 위치한 세 곳의 저소득층 아파트 단지에 태양광 설치를 완료하여 약 800명의 저소득 주민들에게 혜택을 제공했습니다. Arroyo Vista, Villa Plumosa, Yorba Linda Palms에 위치한 이 프로젝트들은 총 748킬로와트의 전력을 생산하여 커뮤니티 에너지 사용량의 80~90%를 상쇄할 예정입니다.
가상 순계량(virtual net metering)을 통해 Arroyo Vista 주민들은 매월 약 60달러의 에너지 비용 절감을 누리고 있으며, Villa Plumosa 주민들도 비슷한 수준의 절감을 경험하고 있습니다. Yorba Linda Palms 주민들은 올 여름 가동 시 월 75달러 이상의 절감 효과를 기대하고 있습니다. Arroyo Vista 설치만으로도 20년간 주민들의 전기 요금에서 350만 달러 이상 절감될 것으로 예상됩니다.
이 프로젝트들은 Solar On Multifamily Affordable Housing (SOMAH) 프로그램과 저소득층 커뮤니티 투자 세액 공제(ITC) 프로그램을 통해 자금 지원을 받아 주민들에게 비용 부담이 전혀 없었습니다. 현재 Sunrun은 저소득 다가구 주택 21,000가구 이상에 서비스를 제공하고 있습니다.
Sunrun (Nasdaq : RUN) a finalisé l'installation de panneaux solaires dans trois communautés d'appartements abordables du comté d'Orange, en Californie, bénéficiant à environ 800 résidents à faibles revenus. Les projets, situés à Arroyo Vista, Villa Plumosa et Yorba Linda Palms, produiront 748 kilowatts d'électricité, couvrant 80 à 90 % de la consommation énergétique des communautés.
Grâce au comptage net virtuel, les résidents d'Arroyo Vista économisent environ 60 $ par mois sur leurs factures d'électricité, avec des économies similaires pour les résidents de Villa Plumosa, tandis que ceux de Yorba Linda Palms économiseront plus de 75 $ par mois lorsque l'installation sera opérationnelle cet été. L'installation d'Arroyo Vista seule devrait permettre aux résidents d'économiser plus de 3,5 millions de dollars sur leurs factures d'électricité sur 20 ans.
Ces projets ont été financés par le programme Solar On Multifamily Affordable Housing (SOMAH) et le programme Low-Income Communities Investment Tax Credit (ITC), sans aucun coût pour les résidents. Sunrun dessert actuellement plus de 21 000 foyers dans des logements multifamiliaux à faibles revenus.
Sunrun (Nasdaq: RUN) hat Solaranlagen in drei bezahlbaren Wohnanlagen im Orange County, Kalifornien, installiert und damit etwa 800 einkommensschwache Bewohner unterstützt. Die Projekte in Arroyo Vista, Villa Plumosa und Yorba Linda Palms erzeugen insgesamt 748 Kilowatt Strom und decken 80 bis 90 % des Energieverbrauchs der Gemeinschaften ab.
Durch virtuelles Net-Metering sparen die Bewohner von Arroyo Vista etwa 60 US-Dollar monatlich bei den Energiekosten, ähnlich wie die Bewohner von Villa Plumosa. Die Bewohner von Yorba Linda Palms werden ab Sommer über 75 US-Dollar monatlich einsparen, wenn die Anlage in Betrieb geht. Allein die Installation in Arroyo Vista wird voraussichtlich Einsparungen von über 3,5 Millionen US-Dollar bei den Stromrechnungen der Bewohner über 20 Jahre bringen.
Die Projekte wurden durch das Solar On Multifamily Affordable Housing (SOMAH)-Programm und das Low-Income Communities Investment Tax Credit (ITC)-Programm finanziert, ohne Kosten für die Bewohner. Sunrun versorgt derzeit mehr als 21.000 Haushalte in einkommensschwachen Mehrfamilienhäusern.
- Installation will offset 80-90% of communities' energy usage
- Residents save $60-75 monthly on energy bills
- Arroyo Vista project projected to save residents $3.5M over 20 years
- No cost to residents due to SOMAH and ITC program funding
- None.
Insights
Sunrun expands in affordable housing market with new solar installations serving 800 renters, showing execution of diversification strategy.
Sunrun's announcement showcases its continued expansion into the affordable housing market with three new solar installations in Orange County. The projects, totaling 748 kilowatts of electricity capacity, will offset
The disclosure that Sunrun already serves 21,000 households in low-income multifamily properties quantifies their established foothold in this strategic market segment. This represents meaningful diversification beyond their traditional single-family home customer base, potentially opening new growth avenues as utility rates continue to rise.
These installations leverage California's Solar On Multifamily Affordable Housing (SOMAH) program and the federal Low-Income Communities Investment Tax Credit, creating a structure where residents receive savings without upfront costs. The economic benefits are tangible—residents at Arroyo Vista receive approximately
The political backdrop is worth noting—Republican Representative Young Kim's presence at the ribbon-cutting suggests bipartisan support for renewable energy when framed around economic benefits for constituents. This potentially reduces regulatory risk in a sector often subject to policy shifts.
Officials join Republican U.S. Representative Young Kim for ribbon cutting event to celebrate new solar projects at low-income apartment communities in Orange County that provide immediate utility bill savings to hundreds of working families
SAN FRANCISCO, April 28, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced three new solar installations at affordable apartment communities in Orange County, California. Collectively, the new rooftop solar projects will provide monthly utility bill savings to approximately 800 low-income residents.
Sunrun installed the solar systems in partnership with affordable housing providers at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms apartment complexes. In total, the systems will provide 748 kilowatts of electricity, offsetting approximately
“Rooftop solar energy in affordable housing communities I represent lowers utility bills for hardworking families struggling with rising living costs, creates local jobs here at home, and promotes U.S. energy dominance around the world,” said Rep. Young Kim. “I appreciate Sunrun’s work in our Southern California communities and will keep doing all I can to make life more affordable.”
To commemorate the three projects, Sunrun executives joined Rep. Kim, other state and county elected officials, and Eden Housing’s CEO for a ribbon cutting event at the recently completed 1,120 solar panel installation at Arroyo Vista apartment complex in Mission Viejo.
“We are so proud to be cutting energy bills for hundreds of hard-working residents in Southern California,” said Sunrun President and Chief Revenue Officer Paul Dickson. “This project is another example of how Sunrun is making solar energy—and the resulting savings—available to homeowners and renters of all income levels.”
Through virtual net metering, each of the 156 apartment homes at Arroyo Vista is receiving approximately
“Affordable housing is deeply needed in this part of Southern California and we are grateful to partner with Sunrun to make Arroyo Vista even more affordable for our residents through energy bill savings,” said Linda Mandolini, president and CEO of Eden Housing. “Supporting clean energy while also helping families stretch their hard-earned dollars is a win-win collaboration for our communities.”
Due to energy inflation and three years of approved utility rate hikes for San Diego Gas & Electric, Arroyo Vista residents will likely save even more over time. Over the next 20 years, Sunrun’s solar installation at Arroyo Vista is projected to collectively save the low-income renters over
“When you’re on a fixed income, every penny counts, which is why I was especially happy to see the
The solar installation at the Villa Plumosa apartment complex, located in Yorba Linda, is also completed and operating, providing 76 affordable apartment homes with nearly
The projects participated in the state’s Solar On Multifamily Affordable Housing (SOMAH) program and the Low-Income Communities Investment Tax Credit (ITC) program, allowing residents to enjoy the benefits of solar energy at no cost to them. State funding for the three projects comes from polluters who purchase greenhouse gas allowances under the state’s cap-and-trade program.
“SOMAH projects bring affordable, clean energy to hard working families who need it most, by significantly cutting monthly electricity bills,” said Lawrence Goldenhersh, President of the Center for Sustainable Energy, one of the SOMAH program administrators. “By lowering energy costs, we’re helping parents keep their homes running, care for their children, and protect their family’s health — creating lasting stability and opportunity for communities across California.”
Sunrun currently serves more than 21,000 households in low-income multifamily properties. The solar projects create economic activity in their respective communities through significant investments at the time of installation, employment, and the ongoing financial benefits provided to renters.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com.
Media Contact
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Director, Corporate Communications
press@sunrun.com
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investors@sunrun.com
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FAQ
How much will Sunrun's solar installations save Orange County affordable housing residents?
What is the energy generation capacity of Sunrun's new California affordable housing projects?
How many residents benefit from Sunrun's new Orange County solar projects?
How are Sunrun's affordable housing solar projects funded in California?
How many low-income multifamily households does Sunrun currently serve?
