Sunrun 2026-1 — $584M residential solar + storage ABS backed by 38,706 customer leases & PPAs across 19 states + DC + Puerto Rico; A-1 notes priced at 220 bps spread (20 bps tighter than 2025 transactions)
Sunrun's 16th securitization since 2015 and first 2026 issuance. Weighted average customer FICO 744. A-1 notes priced at 220 bps credit spread, a 20 bps tightening vs. 2025 transactions. Demonstrates continued residential solar ABS market depth despite OBBBA tax-credit uncertainty. Closes early May 2026.
$584M
Deal Value
Solar+Storage
Technology
Multi (19 states + DC + PR)
Location
Deal Details
- Deal Type
- Asset-Backed Securitization (Solar ABS)
- Seller / Sponsor
- Sunrun Inc.
- Buyer / Financier
- Atlas SP (sole structuring agent + joint bookrunner); BofA Securities, MUFG, Truist Securities (joint bookrunners); ING (co-manager)
- Offtaker
- 38,706 residential customers across 19 states + DC + Puerto Rico (76 utility service territories)
- Deal Value
- $584M
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- GlobeNewswire / Sunrun
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