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Press Release Details

Vivint Solar To Build New Corporate Headquarters in Utah's Silicon Slopes

Feb, 27 2015

Governor Gary Herbert Helps Break Ground on 163,000 Square Foot Building at Thanksgiving Point in Lehi, Utah

LEHI, Utah, Feb. 27, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading provider of residential solar systems in the United States today broke ground on the construction of a 163,000 square foot corporate headquarters in Lehi, Utah. The company currently employs nearly 1,000 Utah residents – approaching 3,000 nationwide – and continues to grow as a solar industry leader.

Governor Gary Herbert, center, joins Vivint Solar CEO Greg Butterfield and executive team to break ground on new corporate headquarters in Lehi, Utah

"We are proud to build our corporate headquarters among the technology innovators here in the State of Utah," said Greg Butterfield, CEO of Vivint Solar. "Our culture of high growth potential and disruption to the traditional electricity market is possible because of the motivated workforce here in the Utah."

Vivint Solar is the second largest installer of solar energy systems to the U.S. residential market with approximately 16 percent market share in the third quarter of 2014, according to GTM Research. In 2014, the company established 23 new sales and installation offices to its 16 previously existing offices. The company plans to expand further in 2015.

Vivint Solar currently operates in Arizona, California, Hawaii, Maryland, Massachusetts, New Jersey, New York and Utah.

With a Vivint Solar lease, Utah homeowners can lock in a fixed monthly lease payment for a rooftop solar energy system with no down payment or upfront costs for installation and permitting. Vivint Solar leases include a solar energy production guarantee. As a result, the electricity generated by the solar energy system provides Utah homeowners with electricity costs that are typically below the prevailing electric utility rates.

To schedule a solar assessment for your home, call 1-855-353-4829.  For more information on a Vivint Solar lease, please visit:  http://www.vivintsolar.com/en/state/utah.

The company continues to hire sales representatives, permitting staff, CAD designers, install technicians, electricians and corporate support staff. Visit vivintsolar.com to see a list of available job descriptions.

About Vivint Solar

Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.

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 Vivint Solar's growth plans and growth prospects and the expected benefits associated with growth of the company's business. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. 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 availability of additional financing on acceptable terms; changes in retail price of traditional utility generated electricity; changes in electric utility policies and regulations; the availability of rebates, tax credits and other incentives that affect the pricing of our solar offerings, including regulations related to net metering; changes in regulations, tariffs and other trade barriers and tax policy affecting the company and its industry; our ability to manage our recent and future growth effectively, including attracting, training and retaining sales personnel and solar energy system installers; the availability and price of solar panels and other system components; and the other risks identified 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 our 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.

Contact 
Vivint Solar
Kady Cooper
Director of Public Relations
415-706-9778
kady.cooper@vivintsolar.com

Utah Governor Gary Herbert congratulates Vivint Solar employees on a successful corporate groundbreaking in Lehi, Utah
Governor Gary Herbert addresses Utah employees at the Vivint Solar corporate headquarters groundbreaking ceremony in Lehi, UT
Vivint Solar corporate headquarters design
Vivint Solar corporate headquarters will feature employee cafeteria, full gym and locker rooms, multi-sport court, day-care facility and solar panels.
Vivint Solar Logo.

Photo - http://photos.prnewswire.com/prnh/20150227/178472

Photo - http://photos.prnewswire.com/prnh/20150227/178473

Photo - http://photos.prnewswire.com/prnh/20150227/178474

Photo - http://photos.prnewswire.com/prnh/20150227/178477

Photo - http://photos.prnewswire.com/prnh/20150227/178478

Logo - http://photos.prnewswire.com/prnh/20130806/LA59260LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vivint-solar-to-build-new-corporate-headquarters-in-utahs-silicon-slopes-300042996.html

SOURCE Vivint Solar

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