US Bancorp offers fifth tax equity commitment to SunRun

SunRun installs solar panels onto residential homes in the US. Image: SunRun.

SunRun and U.S. Bancorp have formed a partnership to purchase $200 million worth of solar residential systems in the U.S.

The home solar company made the announcement after receiving its fifth commitment of tax equity from a subsidiary of U.S. Bancorp.

The move is said to be U.S. Bancorp's biggest renewable energy tax equity fund to date. It is supported by the 1603 Treasury Grant Program.

SunRun says it installs over $1 million in residential solar every day. It operates in eight U.S. states: Arizona, California, Colorado, Hawaii, Massachusetts, New Jersey, Oregon and Pennsylvania.