 | |
| Company type | Public |
|---|---|
| NYSE: VSLR Russell 2000 Index component | |
| Industry | Renewable energy |
| Founded | 2011 |
| Defunct | October 2020 (purchased by Sunrun) |
| Headquarters | Lehi, Utah |
Areas served | 23 states[1] |
Key people | David Apalone Bywater (CEO) |
| Website | vivintsolar.com (defunct) |
Vivint Solar was an American provider of photovoltaic solar energy generation systems, primarily for residential customers. The company was established in 2011 as an offshoot of home automation and security company Vivint and was headquartered in Lehi, Utah. The company primarily used a power purchase agreement (PPA) business model where Vivint Solar installed and maintained a solar system on a customer's home, then sold power to the customer at an agreed upon rate for a set term. In 2020, the company was purchased by Sunrun, another solar company primarily focused on the PPA business model for $3.2 billion.[2]
At the time of the merger, Vivint Solar had installed a total of 1.29 gigawatts of power for over 188,000 customers[3] in 23 U.S. states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont, and Virginia).[4][5]
- ^ "Vivint Solar Coverage Area". Vivint Solar. Archived from the original on February 15, 2018. Retrieved Aug 2, 2019.
- ^ "Solar Deal Would Create a New Industry Giant". The New York Times. 10 July 2020. Archived from the original on 9 July 2020. Retrieved 10 July 2020.
- ^ Hill, Joshua S. (8 November 2018). "Vivint Solar Reaches 1 Gigawatt Of Rooftop Solar Amidst Strong Q3 & California Expansion". CleanTechnica. Archived from the original on 17 January 2019. Retrieved 16 January 2019.
- ^ "Vivint Solar Secures New $325 Million Credit Facility Lowering Cost of Debt". www.prnewswire.com. 6 August 2019. Archived from the original on 2020-01-01. Retrieved 2020-04-23.
- ^ "Vivint Solar Coverage Area". Vivint Solar. Archived from the original on May 17, 2017. Retrieved Jul 16, 2017.