Climate Changed
Sunshine State Is Set to Get More Solar After Florida Ruling
- Sunrun sought clarity on state policy over solar leasing
- Regulators rule leases don’t make Sunrun ‘public utility’
Solar panels stand on the roof of a new IKEA store in Miami, Florida, U.S., on May 20, 2014.
Photographer: Christina Mendenhall/Bloomberg
This article is for subscribers only.
Expect to see a lot more solar rooftops in Florida.
The Sunshine State is removing what solar installer Sunrun Inc. has seen as a roadblock to consumer panel leasing, an arrangement that drove a boom in rooftop power systems elsewhere in the U.S. A ruling by Florida regulators on Friday will allow Sunrun, the largest U.S. residential-solar company, to expand in the state, the company said. The San Francisco-based installer jumped 4 percent to $9.27 on Friday.