|[October 19, 2011]
Vivint Solar Announces Simple, Affordable Consumer Solar Energy Solutions
PROVO, Utah --(Business Wire)--
Vivint Solar today announced the availability of simple, affordable
consumer solar solutions, supported by a unique service model that
provides even more benefits for residential solar energy customers.
Consumers enjoy a variety of benefits with Vivint Solar, including free
installation, monitoring and maintenance of solar panels, and the
ability to purchase the power generated by the panels for a lower rate
than they typically pay their utility. Vivint Solar customers also lock
in lower monthly rates for 20 years.
During the summer of 2011, Vivint Solar began marketing its consumer
solution in New Jersey, and will immediately begin expanding into other
markets in the United States. The expansion is made possible by a
commitment of renewable energy tax equity from a subsidiary of U.S.
Bancorp (NYSE: USB), which will support the financing of $75 million
in residential solar energy systems in the United States. The fund will
finance a projected pipeline of 2,400 residential solr installations in
New Jersey, Utah, Hawaii and New York.
"We are excited to offer consumers a simple, affordable solar product
with best-in-class equipment, supported by world-class service," said
Tanguy Serra, president of Vivint Solar. "The partnership with U.S.
Bancorp puts our company in an excellent position to bring the benefits
of solar energy to a broader range of consumers."
Vivint Solar works with the leading solar vendors in the industry,
including microinverter provider Enphase Energy, and mounting system
supplier Zep Solar. Vivint Solar is the only solar vendor in the nation
that can also offer teams of experienced, award-winning field and
customer service representatives, keeping all functions in-house and
never outsourcing. This combination of superior products and
industry-leading service ensures Vivint Solar customers receive the best
quality experience possible throughout the entire relationship.
"I've been a Vivint home automation customer for a couple of years and
had a great experience," said Frank Lemma of Nutley, New Jersey. "So
when a Vivint Solar sales representative knocked on my door and told me
how easy and affordable solar energy could be I jumped at the
opportunity. The experience has been fantastic. The installation team
did a wonderful job. They were real gentlemen, and even made sure to
clean up when they finished the job. Vivint also has a great follow-up
system. They stay in touch and make sure I am well-informed. I referred
several of my friends and neighbors, who have also become Vivint Solar
customers. My daughter was so impressed with the installation of my
solar energy system that she inquired about getting one of her own. As
of today, 28 panels have been installed on her home."
About Vivint Solar
Vivint Solar is a leading provider of simple, affordable solar
solutions. As an early adopter of the power purchase agreement (PPA)
model, Vivint Solar designs, installs, and maintains cost-effective
solar energy systems. The company provides award-winning service and
support while saving customers money and protecting the environment. For
more information, visit www.vivintsolar.com.
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