HOUSTON – Sunrun Inc., one of the largest residential solar power companies, has leased space in Sugar Land as part of its entry into the Houston market.
The San Francisco-based rooftop solar panel company leased 12,150-SF in the Sugar Land Business Park, according to the Colliers International real estate firm.
Last week, Sunrun announced it was expanding into six states – Texas, New Mexico, Rhode Island, Vermont, and Wisconsin, and also to Washington, D.C.
“Expanding to these new markets will give homeowners the opportunity to power their homes directly from their rooftops, making energy more affordable and the electric grid cleaner and more reliable,” said Lynn Jurich, CEO of Sunrun. “Better yet, we provide this service by creating one of our country’s other great needs: new, highly paid jobs that can be neither exported nor automated.”
Sunrun will be located in a flex industrial building at 12560 Reed Road at Industrial Boulevard in Fort Bend County. Barkley Peschel and Trey Erwin of Colliers handled the lease. The brokers were also recently involved in selling the building where Sunrun will be located. The buyer of the 42,000-SF building was represented by Jim Autenreith and Bob Gulley of Moody Rambin.
The property is north of U.S. Highway 90 and west of Dairy Ashford Road.
The expansions bring Sunrun operations to 22 states and Washington, D.C., The company says falling solar installation costs, combined with strong consumer demand for energy choice, are increasing homeowners’ access to solar power.
Since establishing the solar as a service model in 2007, Sunrun leads the industry in providing clean energy to homeowners with little to no upfront cost and at a savings to traditional electricity. The company designs, installs, finances, insures, monitors and maintains the systems, while families receive predictable pricing for 20 years or more.