- Sunrun (NASDAQ:RUN +4%) is poised to sell more rooftop solar panels in Florida after the state's Public Service Commission votes to allow homeowners the right to lease the company's solar systems.
- Utilities such as NextEra Energy (NEE -1.1%) have been the only entities that can legally sell electricity in Florida, but Sunrun challenged an interpretation of the policy and the Florida PSC ruled today that the company’s 20-year solar-equipment leases do not constitute a retail sale of electricity.
- “Florida was already going to be a growth market,” says Bloomberg analyst Hugh Bromley, and today's ruling “could supercharge that.”