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TMCNet:  Vivint Solar Announces Simple, Affordable Consumer Solar Energy Solutions

[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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