Vivint Solar signs deal with ChargePoint to offer EV charging solution

Vivint Solar announced a strategic agreement with ChargePoint, the world’s largest electric vehicle (EV) charging network, to offer ChargePoint Home charging solutions and custom installations directly to residential customers. This is only a few months after Vivint’s deal with Mercedes-Benz.

Vivint Solar will work with ChargePoint and other strategic collaborators to provide Fully Integrated Solar, the industry’s most comprehensive residential product suite featuring a solar energy system, EV charger, home battery and smart home technology for intelligent energy management. By leveraging best-in-class energy technologies, Fully Integrated Solar from Vivint Solar enables consumers to build their own clean-energy ecosystems at home.

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Vivint Solar is making a move to be the national residential solar provider that offers rooftop solar customers a one-stop shop. Compatible with any EV, ChargePoint Home brings innovation to the home garage, offering the smartest, smallest and most advanced home charging solution for EV drivers. The first and only home charger with ENERGY STAR certification, ChargePoint Home charges EVs up to six times faster than a standard 110V outlet, delivering up to 25 miles of Range Per Hour and using 40 percent less energy than a standard EV charger when not charging. ChargePoint Home features a compact, slim design and is easy to manage with an app that enables drivers to schedule charging, start charging remotely and track energy usage and all charging in one place.

When EV drivers need to charge away from home, they can count on more than 40,000 ChargePoint charging spots across North America. ChargePoint is the only charging company that offers a suite of solutions to serve EV drivers everywhere they go: at home, at work, around town and on a trip.

 

Vivint Solar will offer the ChargePoint EV solution directly to homeowners in select markets in California. Customers will be able to buy the complete home solar solution – or customize a package based on their needs – through Vivint Solar’s personal sales representatives.

— Solar Builder magazine

Vivint Solar to start installing PV systems in Virginia

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Vivint Solar, a full-service residential solar provider, has expanded availability of its solar energy systems into Virginia.

“We applaud Virginia’s commitment to grow its clean energy sector and are thrilled to bring Vivint Solar’s affordable solar energy services to this promising market,” said David Bywater, CEO of Vivint Solar. “With Vivint Solar, Virginia residents can take their first step toward energy independence and do so in a way that can benefit their wallets and the environment.”

According to the U.S. Energy Information Administration, Virginia generates just 0.09 percent of its electricity from solar energy, underscoring a great opportunity for rooftop solar in the state. Governor McAuliffe recently signed clean energy legislation to promote the use of solar and other renewable energy options.

Intersolar opens with talk of DER integration strategies, system innovations

Residents in Virginia can purchase a system from Vivint Solar outright or finance the purchase with monthly payments, either through one of the institutions Vivint Solar has relationships with or their preferred lender. Customers will also be eligible to apply for any applicable utility-sponsored rebates and federal tax credits. Virginia residents who wish to install solar energy systems can interconnect to the grid under traditional net metering.

As part of each sale, Vivint Solar designs and installs the system, allowing customers to enjoy the benefits of affordable, renewable solar energy. Vivint Solar has deep installation expertise, having completed over 100,000 installations throughout the United States.

Vivint Solar now operates in 20 states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont and Virginia).

— Solar Builder magazine

Vivint Solar opens up shop in Vermont

Vivint solar

Vermont has big plans for focusing on renewable energy, and Vivint Solar wants in on that future, deciding to enter the state this week.

Vermont ranks No. 2 on the Union of Concerned Scientists’ Clean Energy Momentum State Ranking, and is noted for leading the country in clean energy jobs per capita and for its carbon reduction target. Vermont has committed to attain 90 percent of its energy from renewable energy sources by 2050. Vermont residents who wish to install solar energy systems can currently interconnect to the grid under traditional net metering.

“We applaud Vermont for providing a consistent regulatory environment to help spur renewable growth in this tremendous state,” said David Bywater, CEO of Vivint Solar. “We look forward to becoming the residential solar provider of choice for Vermont residents and helping them start on the path to energy independence.”

Vermont lays out plan for 20 percent solar generation in-state by 2025

Through Vivint Solar, residents in Vermont can purchase a system outright or finance the system with monthly payments, either through one of the institutions Vivint Solar has relationships with or their preferred lender. Customers will also be eligible to apply for any applicable utility-sponsored rebates and federal tax credits.

As part of each sale, Vivint Solar designs and installs the system, allowing customers to enjoy the benefits of affordable, renewable solar energy. Vivint Solar has deep installation expertise, having completed over 100,000 installations throughout the United States.

Vivint Solar now operates in 18 states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah and Vermont) and Washington D.C. The company also plans to relaunch its residential solar energy services in Nevada.

— Solar Builder magazine

Vivint Solar secures $100 million in tax equity

Vivint solar
Vivint Solar secured tax equity commitments totaling $100 million from two repeat investors. These tax equity commitments will enable the company to install an estimated 70 megawatts of residential solar energy systems.

“Our capital partners play an essential role in enabling us to grow our residential solar business,” said Stewart Bewley, vice president of capital markets at Vivint Solar. “We are pleased to continue raising project capital from our investor partners and look forward to expanding access to our solar energy systems.”

This funding is expected to enable the company to design, procure and build low-cost, clean solar energy systems for approximately 10,000 new residential customers.

“We’re pleased that our investors continue to trust us with their capital options,” said David Bywater, CEO of Vivint Solar. “This financing reinforces our commitment to achieve sustainable growth and continue to deliver results to Vivint Solar and our investors.”

Vivint Solar operates in 16 states (Arizona, California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas and Utah) and Washington, D.C.

Here’s residential solar’s share of distributed PV generating capacity

— Solar Builder magazine

Vivint Solar, Mercedes-Benz ink exclusive deal to promote home solar+storage system in U.S.

 

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Mercedes-Benz Energy and Vivint Solar announced exclusive strategic collaboration to bring the Mercedes-Benz customizable home energy storage system to the United States. The two companies will introduce a joint offering that will provide customers with the German engineering and performance of Mercedes-Benz batteries coupled with Vivint Solar’s expertise in designing, installing and servicing solar energy systems.

For Vivint Solar, which has a proven track record of installing solar energy systems in more than 100,000 homes across the United States, this is the first collaboration to integrate batteries with its offering. This will also be Mercedes-Benz Energy’s first collaboration with a U.S. solar provider, bringing its premium, high-performance, road-tested technology for home use to the residential battery market. These storage systems are made to Mercedes-Benz quality standards and based on the same automotive-grade battery technology used in its electric and hybrid vehicles.

“As Mercedes-Benz electrifies its vehicle fleet, solar plus storage is essential to enable those vehicles to be powered by clean energy,” said Boris von Bormann, CEO of Mercedes-Benz Energy Americas, LLC. “With batteries featuring the best in automotive engineering from Mercedes-Benz, and high-quality solar energy systems from Vivint Solar, our solution allows customers to take the next step toward a sustainable energy future. The launch of our home battery system in Europe has been successful and we are thrilled to be working with Vivint Solar to bring a reliable and compelling solar plus storage offering to American homes.”

With energy storage to complement rooftop solar, Vivint Solar customers will be able to have more control over the renewable energy they generate. In addition to providing a backup power source if the grid goes down, the new combined solution may help customers reduce energy costs. For instance, in areas with time-of-use electricity rates, customers can store excess solar energy produced by the system during the day in the batteries and then consume it during periods of peak energy usage in the evening and at night when electricity rates are typically higher.

Primer for buying, installing residential solar+storage systems

Each energy storage system will consist of modular 2.5 kWh batteries that can be combined to create a system as large as 20 kWh, making it easy to scale and tailor energy storage systems to individual customer profiles. Vivint Solar will customize each system based on the customer’s individual energy consumption needs, providing consumers with an important tool to help them manage their energy costs while utilizing clean energy.

“The choice to work with Mercedes-Benz Energy, a world-class innovator in energy storage, was an easy one,” said David Bywater, CEO of Vivint Solar. “We believe their energy storage system is going to delight our customers and are impressed with their ambitious plans for the future. We look forward to bringing this innovative solution to consumers, beginning in our California markets, and to empowering greater renewable energy usage.”

California is the first U.S. market where Vivint Solar will offer this solution directly to homeowners. Beginning in Q2, new customers in California will be able to buy the offering outright or finance the purchase, either through one of the institutions Vivint Solar has relationships with or their preferred lender.

 

 

— Solar Builder magazine