November 30, 2012

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CEO of the Year

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Article

Vivint Solar Expands in California

Press Release

November 30, 2012

Vivint Solar, a leading provider of simple, affordable solar solutions, announced it has expanded into southern California and is offering solar energy services to residents of Fresno, Calif., and Bakersfield, Calif. With Vivint Solar, consumers have an economical, clean and renewable alternative to power their homes, while utilities have the opportunity to feed additional power back into the grid.

“Vivint Solar offers consumers an environmentally friendly source of electricity at reduced rates,” said Tanguy Serra, president of Vivint Solar. “We are excited to offer California a simple, affordable solar product with best-in-class equipment, supported by world-class service.”

Vivint Solar customers enjoy a variety of benefits, including free installation, monitoring and maintenance of solar panels, and the ability to purchase the power generated by the panels for a lower monthly rate. Vivint Solar customers also lock in lower monthly rates for 20 years.

Robert Carroll, of Fresno, Calif., said he was impressed with Vivint Solar’s efficiency, professionalism and fast installation. “With Vivint Solar, I had no upfront cost and am saving money from day one,” Carroll said. “Solar is a no-brainer. I get to be more energy independent and help the environment, all while saving money. And Vivint Solar is creating local jobs, which is good for our economy.”

Vivint Solar currently operates in Hawaii, Massachusetts, New Jersey and the San Francisco Bay area. With the addition of the Fresno and Bakersfield markets, thousands of more Californians will have the choice of affordable solar energy to power their homes.

Customers save money on energy through Vivint Solar’s power purchase agreement (PPA), in which customers agree to purchase the power their solar panels generate at rates lower than their typical power bill. In exchange, Vivint Solar designs, installs and maintains the system for free, allowing customers to enjoy the benefits of renewable solar energy without a large, up-front investment.
 

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