Vivint Solar, a leading provider of distributed solar energy systems in the United States, announced recently it has secured tax equity commitments from three investors, totaling $200 million. These tax equity commitments will support investments in solar projects with a total value of over $480 million and will enable the company to install approximately 123 megawatts of residential solar energy systems.
“We are very pleased to announce ongoing support from our capital partners,” said Thomas Plagemann, chief commercial officer and head of capital markets for Vivint Solar. “This announcement demonstrates Vivint Solar’s ability to raise financing to enable our continued growth and demonstrates the confidence investors have in the company’s future.” This funding will enable the company to design, procure and build low-cost, clean solar energy systems for more than 17,000 new residential customers. Vivint Solar operates in 14 states (Arizona, California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Texas and Utah), and Washington, D.C.