LEHI, Utah, Dec. 29, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR), a leading provider of distributed solar energy systems in the United States, and BlueWave, a solar development and FinTech company headquartered in Boston, Massachusetts, have announced an alliance to offer residents of Massachusetts the opportunity to become BlueWave community solar members.
Vivint Solar and BlueWave will sell community solar memberships in Southeastern and Central Massachusetts where BlueWave is constructing two solar farms. These projects are located in Oxford and Fairhaven, Massachusetts, which will provide electricity savings to nearly 250 customers as early as March 2016.
Community solar allows more residents to access low-cost, clean solar power without putting panels on their roofs. It's a great solution for those households that reside in multi-unit buildings or do not have suitable rooftops for installation.
"We are pleased to align with BlueWave on this new offering," said Jan Newman, Senior Vice President of Business Development at Vivint Solar. "We love being able to provide more opportunities for people to go solar and know that community solar will be a solution for many households that are wanting the economical and environmental benefits of solar, but may be facing some installation restrictions."
"Community solar is a great product that's revolutionizing the energy market," said Chris Gosline, Managing Director at BlueWave. "It's simple, it's accessible, and we are thrilled to have Vivint Solar as our partner in bringing community solar to residents across Massachusetts."
Vivint Solar and BlueWave plan to expand community solar across Massachusetts and take the product to new markets throughout the U.S. in 2016.
Massachusetts residents interested in learning more about community solar can do so by visiting BlueWave's website at http://bluewaverenewables.com/community/ or by calling Vivint Solar at 1-877-404-4129 extension 5.
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
BlueWave is a solar energy company founded on a mission to protect our planet by expanding access to solar for everyone, everywhere. We are driven to transform the energy status quo—enabling communities to take control of their energy production, and consumers to choose clean, low cost power. Founded in Massachusetts, with operations around the globe, BlueWave remains committed to our founding principles: preserving the environment; honesty and transparency in everything we do; and respecting and supporting our employees, partners, and customers.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Vivint Solar Contacts:
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SOURCE Vivint Solar