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Press Release Details

Vivint Solar Launches Retail Sales Channel

May, 11 2017

Retail kiosks launched in California, Massachusetts, New Jersey, New York and Utah; further expansion throughout the year
Retail channel is led by new Vice President of Retail Sales Trever Bybee

LEHI, Utah, May 11, 2017 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading full-service residential solar provider, today announced it has launched its new retail sales channel. Vivint Solar will launch kiosks at retail locations in California, Massachusetts, New Jersey, New York and Utah by the end of June 2017 and expand into additional retail locations and states throughout the year. 

At retail locations, Vivint Solar representatives will help consumers understand how they can enjoy the benefits of affordable, renewable solar energy and choose Vivint Solar to design, install and maintain a system. Consumers can set up a free, in-home solar consultation to determine whether their home is suitable for solar panels.

"Expanding into the retail market enables us to diversify how we can help Americans embrace rooftop solar," said Paul Dickson, chief revenue officer at Vivint Solar. "Vivint Solar has built the most effective direct-to-home channel in the industry, and we are excited to grow and support additional sales channels to complement this highly effective model."

Vivint Solar's retail channel is led by a team with significant retail sales experience in the residential solar industry, including Vice President of Retail Sales Trever Bybee. In his former leadership roles within the solar industry, Bybee founded a direct retail channel that grew to over 100 locations nationwide in just six months and earned him the "2015 Trailblazer of the Year" award. He also experienced retail sales success as a co-founder and owner of an exclusive retail team for a top mobile company. Bybee led a retail sales team that grew business to over 150 employees and $10 million in annual sales.

"I'm very excited to be heading this sales effort at Vivint Solar," said Bybee. "With the direct-to-home model being a strong and well-established route to market, the launch of this additional channel to work in tandem with the direct-to-home model will be a great competitive advantage and will contribute to further success in the selected markets. We're thrilled with the current traction we're already seeing and look forward to expanding this channel further in the coming year."

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. 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 market for solar power and the potential for customers to benefit from using it. 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 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 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.

Press Contacts

Vivint Solar 
Helen Langan, Director of Public Relations
385-202-6577
pr@vivintsolar.com

Agency Contact
Ashlyn Hewlett, Method Communications
801-461-9772 
ashlyn@methodcommunications.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vivint-solar-launches-retail-sales-channel-300455840.html

SOURCE Vivint Solar

Stock Price

NYSE: VSLR 4.00 +0% Change: +0.00 Volume: View details January 16, 2018

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Contact

Investors

Rob Kain
Vice President, Investor Relations
855-842-1844
ir@vivintsolar.com

Press

Helen Langan
Director, Public Relations
385-202-6577
pr@vivintsolar.com