Host: Tom, if the acquisition goes through, you will have significant market share within the residential
space. Talk to me about future growth areas. There are conversations to talk into paneling corporations as perhaps corporations are now thinking to themselves we want to be carbon neutral. How do we do that, how do we play a role in getting the
environmental goals perhaps, and taking a role in that. What are some of those future growth opportunities? What do they look like to you?
Tom
vonReichbaur: Yeah. So a couple things that Id touch on there. First, its worth noting, you know, as I mentioned earlier, that theres more than 5,000 companies in this space. You know, well be a good sized player, but this is
a highly distributed industry, and so, you know, theres a lot of competition to go around. You know, a really exciting opportunity on the horizon here is our partnership work with utilities and building out virtual power plants. The job
historically has been fulfilled by expensive, polluting, large industrial machines, that could one day be replaced by a network system of residential solar and home batteries. You can imagine us dispatching energy to the grid or to our neighbors in
ways that help make the system cleaner and more reliable. Its also inherently local, which reduces some of the really expensive infrastructure investments in cross country transmission. We have deployed assets like this with a number of
partners including in Massachusetts, and we announced partnerships all across the country, in Hawaii, in California, to New York, and all of New England.
Host: Sunrun CFO Tom vonReichbauer, thank you for joining us giving us your perspective.
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