LEHI, Utah, Sept. 21, 2016 /PRNewswire/ -- Vivint Solar
(NYSE: VSLR), a leading full-service residential solar provider,
today announced its expansion into Texas, with services beginning in the
Austin area.
The Texas market presents a
compelling opportunity for Vivint Solar. According to the U.S.
Energy Information Administration (EIA), Texas leads the nation in energy consumption,
accounting for more than one-eighth of the U.S. total. The state's
solar capacity has grown by 65 percent over the last year,
according to the Solar Energy Industry Association, and the EIA
reports that Texas has some of the
largest solar power potential in the country.
"Our new market in Texas is
evidence of growing demand for residential solar solutions across
the country," said David Bywater,
interim CEO of Vivint Solar. "Solar is a financially and
environmentally beneficial energy solution that is becoming a
mainstream energy source for homeowners, and we're excited to now
offer this affordable energy solution to the residents in
Austin and beyond."
Through Vivint Solar's financing relationships, residents in
Texas will now be able to receive
a loan for solar energy systems and finance ownership of the system
with little to 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 affordable, renewable solar energy.
Vivint Solar now operates in 14 states including: Arizona, California, Connecticut, Florida, Hawaii, Maryland, Nevada, New
Jersey, New Mexico,
New York, Pennsylvania, South
Carolina, Texas 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.
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
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SOURCE Vivint Solar