Canadian Solar Inc. (the "Company," or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, yesterday announced that Sunrun, one of the largest dedicated residential solar companies in the United States, approved Canadian Solar as its qualified vendor. Through AEE Solar, a subsidiary of Sunrun and one of the nation's leading wholesale distributors of solar products, consumers and PV installers can choose Canadian Solar's high quality products in their Sunrun home solar system.
"Sunrun is one of the solar industry's fastest-growing and leading companies. We are very happy to work together with Sunrun to promote the development of solar energy. This partnership is another strategic move that will allow us to maintain our market position and grow as North America's largest solar manufacturer," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.
Sunrun's PV module qualification process is one of the most rigorous in the residential solar industry. It consists of a multi-step process that includes extensive product analysis, factory audits, testing, and risk assessment to evaluate solar module manufacturers. The process ensures that qualified PV modules meet long-term energy production standards. Sunrun's attention to details reinforces its commitment to offer homeowners the best customer experience and provide its partners with significant competitive advantages, including access to high quality solar products.
Sunrun's business model allows homeowners to go solar without the high upfront cost. The company designs, installs, finances, insures, monitors, and maintains the solar panels on a homeowner's roof, while families pay just for the electricity at a lower rate than their current utility.