Vermont Business Magazine A Utah firm is the latest national solar firm to enter the Vermont market. Vivint Solar, Inc, (NYSE: VSLR), a leading full-service residential solar provider, today announced that its residential solar energy systems are now available toVermontresidents.Vermontranks number 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.Vermonthas committed to attain 90 percent of its energy from renewable energy sources by 2050.Vermontresidents who wish to install solar energy systems can currently interconnect to the grid under traditional net metering.
Vivint joins Tesla subsidiary SolarCity as a national player to go along with local firms competing for residential solar, such asWaterbury-based SunCommon.
"We applaudVermontfor providing a consistent regulatory environment to help spur renewable growth in this tremendous state," saidDavid Bywater, CEO of Vivint Solar. "We look forward to becoming the residential solar provider of choice forVermontresidents and helping them start on the path to energy independence."
Through Vivint Solar, residents inVermontcan 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 throughoutthe United States.
Vivint also partners with an auto company,Mercedes-Benz Energy.
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,UtahandVermont) andWashington DC.The company also plans to relaunch its residential solar energy services inNevada.
AboutVivint Solar
Vivint Solaris a leading full-service residential solar provider intheUnited States. WithVivint 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 Solardesigns, 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 fromVivint Solar'saffordable, flexible financing options or power purchase agreements. Through an exclusive collaboration,Vivint Solaroffers solar plus storage systems withMercedes-Benzbatteries.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regardingVermont'scommitment to attaining energy from renewable energy sources, Vivint Solar's ability to become the residential solar provider of choice forVermontresidents, 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 inNevada. 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 thatVivint Solarfiles with theU.S. Securities and Exchange Commission, which are available on the Investor Relations section of its website atwww.vivintsolar.com.Vivint Solardoes not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Source: LEHI, Utah,June 15, 2017/PRNewswire/ --Vivint Solarwww.vivintsolar.com/state/vermont.