Filed by Vivint Solar, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company:
Vivint Solar, Inc.
(SEC File No.: 001-36642)
Date: July 7, 2020
The following
communication was made by Vivint Solar, Inc. beginning on July 7, 2020.
Vivint Solar Home Builder Partner Communications
Email To Home Builder Partners:
Dear <Home
Builder Partner>,
As you are likely aware, Sunrun announced its intention to acquire Vivint Solar earlier today. As a key Home Builder Partner, I am
sure you have some questions that, where possible, I would be happy to answer via a quick call today. Please let me know some times that work for you and we will set something up.
Thanks,
Paul
Forward-Looking Statements
This communication contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements based upon or relating to Sunrun Inc.s, a Delaware corporation (Sunrun) and Vivint
Solar, Inc.s, a Delaware corporation (Vivint Solar) expectations or predictions of future financial or business performance or conditions. Forward-looking statements generally relate to future events or future financial or
operating performance. In some cases, you can identify forward-looking statements by terms such as may, will, should, would, expects, plans, anticipates,
could, intends, target, projects, contemplates, believes, estimates, predicts, potential, will be, will likely result
or continue or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements may include, but are not limited to, statements concerning the
expected benefits of the transaction; cost synergies and opportunities resulting from the transaction; Sunruns leadership position in the industry; the availability of rebates, tax credits and other financial incentives including solar
renewable energy certificates, or SRECs, and federal and state incentives; regulations and policies related to net metering and interconnection limits or caps and decreases to federal solar tax credits; determinations by the Internal Revenue Service
of the fair market value of Sunruns and Vivint Solars solar energy systems; changes in regulations, tariffs and other trade barriers and tax policy; the retail price of utility-generated electricity or electricity from other energy
sources; federal, state and local regulations and policies governing the electric utility industry and developments or changes with respect to such regulations and policies; the