Financial research concept

Residential Solar Upside Gross Earning Assets

measures the present value of modeled non-contracted or upside cash flows from the existing subscriber base.

By Lee BaileyPublished Sep 26, 2026

Research context

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Research date: Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 17 connected conceptsPart of the reviewed Residential Solar & Storage Subscription Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Upside represented about 23.5% of Gross Earning Assets
Contracted and upside value reconcile to the total
Upside is explicitly assumption-dependent
Part of the Residential Solar & Storage Subscription Economics
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Residential solar upside gross earning assets measure the present value of modeled non-contracted cash flows from Sunrun's existing Subscriber base.

Sunrun reported $4.967 billion of Non-contracted or Upside Gross Earning Assets at December 31, 2025.

Upside represented about 23.5% of Gross Earning Assets

Total Gross Earning Assets were $21.145 billion.

Dividing $4.967 billion by $21.145 billion gives approximately 23.5%.

Contracted and upside value reconcile to the total

Contracted Gross Earning Assets were $16.178 billion.

Adding $16.178 billion of contracted value and $4.967 billion of upside value gives the full $21.145 billion Gross Earning Assets measure.

Upside is explicitly assumption-dependent

The modeled cash flows include renewal or system-purchase value after the initial contract term and other qualifying non-contracted streams.

They are not contractually guaranteed. Use Contracted Gross Earning Assets to separate current contractual value from this modeled component.

Primary sources: Sunrun 2025 Form 10-K, Sunrun 2026 Proxy Statement, and Sunrun first-quarter 2026 results filing.

Part of the Residential Solar & Storage Subscription Economics

Connects residential solar and storage deployment growth with subscription mix, per-subscriber creation economics, network capacity, and the discounted value of contracted and modeled subscriber cash flows.

Browse the full operating model in Company Analysis →

Where this concept fits

Subscriber unit economics and earning-asset valueCurrent relationship
Contracted Subscriber Value and Creation Cost determine near-deployment economics, while Subscriber Value adds modeled upside and Gross Earning Assets extend discounted cash-flow assumptions across the existing subscriber base.
Contracted Gross Earning Assets Contracted Subscriber Value Creation Cost per Subscriber Addition Gross Earning Assets Net Earning Assets Subscriber Value Upfront Net Subscriber Value Upfront Net Subscriber Value MarginUpside Gross Earning AssetsCurrent concept
Customer growth, subscription mix, and deployment volume
Customer Additions split between subscription customers and system purchasers, while Subscriber Additions feed the long-term Customer Agreement base. Solar and storage capacity measure the physical deployment produced by that customer growth.
Customer Additions Customer Count Solar Capacity Installed Storage Capacity Installed Subscriber Additions Subscription Mix
Storage adoption and cumulative network scale
Storage Attachment Rate describes the mix of new customers taking batteries, while Networked Solar Capacity captures cumulative deployed solar scale across the installed network.
Networked Solar Capacity Storage Attachment Rate

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

RUNOpen operating-model research →17 of 17 reviewed concepts in Residential Solar & Storage Subscription EconomicsSubscriber unit economics and earning-asset value9 of 9 bridge concepts supportedContinue through this bridge:Contracted Gross Earning Assets Contracted Subscriber Value Creation Cost per Subscriber Addition Gross Earning Assets Net Earning Assets Subscriber Value Upfront Net Subscriber Value Upfront Net Subscriber Value Margin

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Compare public companies

Compare modeled non-contracted earning assets with contracted value and their exact reconciliation to total gross earning assets.

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