After producing a personal best 91 megawatts in Q2, Sunrun installed 100 megawatts in Q3, Sunrun announced in an earnings report Wednesday. Deployments in 2018 are on track to deliver 15 percent growth over 2017. Cumulatively, the company has installed 1,460 megawatts.
Just a few years back, as the residential market stalled and high profile players pulled out or went bankrupt, industry watchers questioned the viability of the national installer business model. Sunrun seems determined to prove the critics wrong. Indeed, its direct installation business grew 50 percent year-over-year (Sunrun also works with partner installers).
The company is on track to install 5,000 battery systems by the end of the year.