LEHI, Utah, Aug. 25, 2016 /PRNewswire/ -- Vivint Solar
(NYSE: VSLR), a leading provider of residential solar power,
today announced its expansion into Florida, with availability beginning in the
Tampa Bay area.
According to the U.S. Energy Information Administration,
Florida has among the highest
electricity consumption in the nation, with annual household
electricity consumption approximately 30 percent higher than the
U.S. average. Vivint Solar's integrated solar energy system
offerings make the increasingly popular alternative energy solution
available to Florida residents at
an affordable cost.
"We now have more than 80,000 customers nationwide who are
enjoying the financial and environmental benefits of our systems,
and we are thrilled to be making that available to the residents of
Florida," said David Bywater, interim CEO of Vivint Solar.
"Floridians will now be able to enjoy the clean solar power their
homes are able to generate, which can save them money and reduce
impact on the environment."
Through Vivint Solar's financing relationships, residents in
Florida will now be able to
receive a loan for solar energy systems and finance ownership of
the system with no money down. Because the customer owns the
system, customers can apply the federal investment tax credit to
lower the cost of their monthly payment. As part of each sale,
Vivint Solar designs, installs and maintains the system, allowing
customers to enjoy the benefits of renewable solar energy with no
up-front investment.
The company's recent growth is indicative of the growing
adoption of residential solar as a mainstream energy source for
homeowners. The company has hired approximately 40 employees in
Florida and plans to continue to
hire as it expands to new areas.
Vivint Solar now operates in 13 states including: Arizona, California, Connecticut, Florida, Hawaii, Maryland, Nevada, New
Jersey, New Mexico,
New York, Pennsylvania, South
Carolina, and Utah.
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 for its customers. 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.
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.
Investor Contact:
Vivint Solar
Rob Kain
Vice President of Investor Relations
801-229-6460
ir@vivintsolar.com
Media Contact:
Vivint Solar
Casey Briggs
Public Relations
801-229-6443
pr@vivintsolar.com
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SOURCE Vivint Solar, Inc.