Vivint Solar to start installing PV systems in Virginia

Vivint solar

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.

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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.

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— 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

Vivint Solar launches new retail sales channel

Vivint solar

Residential solar provider Vivint Solar has announced the launch of a new retail sales channel. The company says it is starting with kiosks at retail locations in California, Massachusetts, New Jersey, New York and Utah by the end of June and expanding into additional retail locations and states throughout the year.

According to the company, representatives at the retail locations will help consumers understand how they can enjoy the benefits of solar energy and work with Vivint Solar to design, install and maintain a system. Consumers can set up a free, in-home solar consultation to determine whether their home is suitable for solar panels.

“Expanding into the retail market enables us to diversify how we can help Americans embrace rooftop solar,” says Paul Dickson, chief revenue officer at Vivint Solar. “Vivint Solar has built the most effective direct-to-home channel in the industry, and we are excited to grow and support additional sales channels to complement this highly effective model.”

Vivint Solar says its retail channel is led by a team with significant retail sales experience in the residential solar industry, including Vice President of Retail Sales Trever Bybee. In his former leadership roles within the solar industry, Bybee founded a direct retail channel that grew to over 100 locations nationwide in just six months and earned him the “2015 Trailblazer of the Year” award, according to the company. He also experienced retail sales success as a co-founder and owner of an exclusive retail team for a top mobile company. Bybee led a retail sales team that grew business to over 150 employees and $10 million in annual sales, adds Vivint Solar.

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— Solar Builder magazine