Vivint Solar, Inc., (NYSE: VSLR), a leading full-service residential solar provider, today announced it has expanded availability of its solar energy systems into Virginia.
According to the U.S. Energy Information Administration, Virginia generates just 0.09 percent of its electricity from solar energy, underscoring a great opportunity for rooftop solar in the state.* Governor McAuliffe recently signed clean energy legislation to promote the use of solar and other renewable energy options.**
“We applaud Virginia’s commitment to grow its clean energy sector and are thrilled to bring Vivint Solar’s affordable solar energy services to this promising market,” said David Bywater, CEO of Vivint Solar. “With Vivint Solar, Virginia residents can take their first step toward energy independence and do so in a way that can benefit their wallets and the environment.”
Residents in Virginia can purchase a system from Vivint Solar outright or finance the purchase 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. Virginia residents who wish to install solar energy systems can interconnect to the grid under traditional net metering.
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 20 states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont and Virginia).
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 over time. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs and installs the solar energy systems for its customers, and offers monitoring and maintenance services. 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 also 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 the opportunity for rooftop solar in Virginia, Virginia’s commitment to grow its clean energy sector, the potential for Virginia residents to save money by utilizing solar energy systems and the availability of utility-sponsored rebates and federal tax credits. 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.