Sunrun installs 91 MW solar capacity in Q2 amidst rising customer acquisition costs

Sunrun Inc. is a United States-based provider of residential solar electricity, headquartered in San Francisco, California.

With the release of its Q2 results, Sunrun has solidified its position as a leader in the U.S. residential solar market.

The company deployed over 91 megawatts of solar capacity adding more than 12,000 customers leading to a 20 percent year-over-year growth.

This last quarter was the companies largest in terms of installation volume.

The company’s revenue jumped 30.5 percent to $170.5 million and net income dropped 59.6 percent to $7.4 million, or $0.06 per share.

The biggest driver of declining net income was a 40.4 percent increase in sales and marketing costs to $49.2 million.

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