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Press Release Details

Vivint Solar Reaches Milestone of 100,000 Customers

Feb, 22 2017

634 Megawatts of Residential Solar Energy Systems Installed in 15 States in Less than Six Years

LEHI, Utah, Feb. 22, 2017 /PRNewswire/ -- Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider founded in 2011, today announced it has surpassed more than 100,000 solar energy systems installed for residential solar customers. This significant milestone underscores the tremendous, growing demand for Vivint Solar's clean solar energy systems.

"To reach this landmark achievement in less than six years is a testament to the outstanding work of our entire team," said David Bywater, CEO of Vivint Solar. "We are proud to offer Americans the potential to save money on their electricity bills and power their homes with clean, renewable energy, and we look forward to bringing these benefits to more customers throughout the country."

Vivint Solar has now installed over 634 megawatts of residential solar energy systems, which is the equivalent of greenhouse gas emissions reductions from more than 3 million passenger vehicles driven for one year*. With power purchase agreements (PPAs), lease and cash purchase options available, as well as loans customers can access through the company's strategic relationships with financial institutions, Vivint Solar provides a wide range of products for customers. Many PPA and lease customers achieve significant financial savings of 10-30 percent relative to their current utility rate.

Jenny Gordon, a resident in Millbury, Massachusetts, first became acquainted with Vivint Solar from her neighbors and coworkers. Many of them had been Vivint Solar customers for years, and they gave the company high marks, which convinced Gordon to explore adding solar to her home. Gordon signed up with Vivint Solar in October 2016 and immediately saw savings.

"I had a great experience with Vivint Solar. I've recommended them to my family and would encourage anyone to go solar. So far, I'm saving nearly 20 percent on my utility rate. My coworkers and I often compare our savings with each other and it has now turned into a bit of a competition to see who saves more with solar each month," explained Gordon.

The company serves customers in 15 states (Arizona, California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Texas and Utah) and Washington D.C.

For more information, visit www.vivintsolar.com.

*https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator

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 growing demand for solar energy systems. 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 Contact
Helen Langan
Director of Public Relations
385-202-6577 
pr@vivintsolar.com

Agency Contact
Ashlyn Hewlett
Method Communications
801-461-9722
ashlyn@methodcommunications.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vivint-solar-reaches-milestone-of-100000-customers-300411411.html

SOURCE Vivint Solar

Stock Price

NYSE: VSLR 5.00 -0.99% Change: -0.05 Volume: 509,007 View details June 21, 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

Government Affairs

Erica Dahl
Vice President, Government Affairs
385-455-5501
erica.dahl@vivintsolar.com