SAN FRANCISCO, Oct. 27, 2020 (GLOBE NEWSWIRE) — Sunrun Inc. (NASDAQ:RUN), a leading provider of residential solar, battery storage and energy services, today released a study that found COVID-19 has increased energy consumption for the majority of homeowners, causing unique challenges in the event of a power outage.
The increased reliance on the home as a place to work and do schooling has led to a surge in power needs, with 62% of homeowners agreeing the coronavirus has increased demand for electricity. The study shows that, due to the pandemic, 57% of homeowners say they want to make home improvements, including nearly 40% who have a growing interest in backup power sources. Already in 2020, one in three Americans surveyed have experienced a blackout or expect to in the near future. The study underscores the importance of rechargeable solar batteries and preparing for potential outages while social distancing and working from home.
â€śHomeowners across the country, but especially in California, are worried about how power outages are going to impact their ability to work remotely and help their kids with school,â€ť said Lynn Jurich, CEO of Sunrun. â€śPeople need more reliable, affordable energy solutions like home solar paired with rechargeable batteries to make their home a safe haven.â€ť
Here are some key findings from the national survey of American homeowners:
COVID-19 Leading Great Awakening for Energy Consumers
Homeowners Facing the Energy Crisis
Preparing a Power Sanctuary
Sunrun conducted this research using an online survey prepared by Method Research and distributed by Dynata to 1,000 home owning adults in the United States — 500 homeowners from California and an additional 500 from a spread across the remainder of the country. Data was collected from August 28 to September 2, 2020.
If you would like to access the full report, you can download it here.
Sunrun Inc. ( RUN) is the nationâ€™s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrunâ€™s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.
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