LEHI, Utah, June 15, 2017 /PRNewswire/ — Vivint Solar, Inc., (NYSE: VSLR), a leading full-service residential solar provider, today announced that its affordable residential solar energy systems are now available to Vermont residents.
Vermont ranks No. 2 on the Union of Concerned Scientists’ Clean Energy Momentum State Ranking, and is noted for leading the country in clean energy jobs per capita and for its carbon reduction target.* Vermont has committed to attain 90 percent of its energy from renewable energy sources by 2050.** Vermont residents who wish to install solar energy systems can currently interconnect to the grid under traditional net metering.
“We applaud Vermont for providing a consistent regulatory environment to help spur renewable growth in this tremendous state,” said David Bywater, CEO of Vivint Solar. “We look forward to becoming the residential solar provider of choice for Vermont residents and helping them start on the path to energy independence.”
Through Vivint Solar, residents in Vermont can purchase a system outright or finance the system with monthly payments, either through one of the institutions Vivint Solar has relationships with or their preferred lender. Customers will also be eligible to apply for any applicable utility-sponsored rebates and federal tax credits.
As part of each sale, Vivint Solar designs and installs the system, allowing customers to enjoy the benefits of affordable, renewable solar energy. Vivint Solar has deep installation expertise, having completed over 100,000 installations throughout the United States.
Vivint Solar now operates in 18 states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah and Vermont) and Washington D.C. The company also plans to relaunch its residential solar energy services in Nevada.
About Vivint Solar
Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar’s affordable, flexible financing options or power purchase agreements. Through an exclusive collaboration, Vivint Solar offers solar plus storage systems with Mercedes-Benz batteries. For more information, visit www.vivintsolar.com or follow @VivintSolar on Twitter.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding Vermont’s commitment to attaining energy from renewable energy sources, Vivint Solar’s ability to become the residential solar provider of choice for Vermont residents, the ability of Vivint Solar’s customers to become energy independent, the availability of utility-sponsored rebates and federal tax credits, and Vivint Solar’s plans to operate in Nevada. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of its website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.