Is Sunrun (RUN) Halal to invest in?

Is Sunrun (RUN) Halal to invest in?

How much of Sunrun’s revenue comes from haram?

Sunrun provides residential solar energy systems and services in the United States.

Sunrun earns its revenue primarily from the following revenue sources: 

  • Customer Agreements & Incentives:

Includes revenue generated from Customer Agreements in which the company provides continuous access to a functioning solar system and revenue from the sales of Solar Renewable Energy Credits to third parties.

  • Solar Energy Systems & Product Sales:

Includes revenue generated from sales of solar energy systems and products, such as solar panels and racking systems and solar leads generated to customers.

The contributions from each of Sunrun’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

None of Sunrun’s revenue comes from anything inherently haram.

Does Sunrun rely on interest to operate?

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What is Sunrun’s Environmental, Social, and Governance (ESG) impact?


According to Sunrun’s 2020 ESG Report, Sunrun has generated more than 11 billion kilowatt hours of clean energy since 2007. 


Sunrun has a Glassdoor rating of 3.6 out of 5 from over 1,000 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies. 


No notable governance highlights.

Practical Islamic Finance concludes:

Sunrun has a net positive ESG impact. 

Comfort Rating

From Sunrun’s business, financial, and ESG reviews, Practical Islamic Finance rates Sunrun stock as: 

Uncomfortable to invest in from a halal perspective.

Justification for our rating

Sunrun’s consistent elevated use of interest to run its operations suggests a systemic reliance on Riba. This causes Practical Islamic Finance to be Uncomfortable investing in the company from a Halal perspective.


Sunrun 2020 10-K 

Sunrun Q3 2021 10-Q 

Sunrun 2020 Impact Report

Sunrun Reviews 

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