LEHI, Utah, March 2, 2017 /PRNewswire/ -- Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it has expanded availability of its affordable solar energy systems into Orlando, Florida. Vivint Solar expanded into Florida with initial availability in the Tampa Bay area in August 2016.
According to the U.S. Energy Information Administration, Florida has among the highest electricity consumption in the country, with annual household electricity consumption approximately 30 percent higher than the U.S. average. The state currently ranks 14thin the U.S. in solar capacity, underscoring the opportunity for residential solar energy systems in Orlando and other markets.
"Florida offers tremendous potential for solar power, and we want to help Orlando residents take advantage," said David Bywater, CEO of Vivint Solar. "With rooftop solar, Floridians in Tampa Bay and now Orlando will be able to enjoy clean solar power, increase their energy independence, and make a positive impact on the environment."
Through Vivint Solar, residents will be able to purchase a system outright or work with one of Vivint Solar's financial partners to finance a system with predictable monthly payments and no money down. Customers in Orlando will also be eligible to apply for any applicable utility sponsored rebates or federal tax credits for their solar power. As part of each sale, Vivint Solar designs, installs and maintains the system, allowing customers to enjoy the benefits of affordable, renewable solar energy.
"I recently had Vivint Solar install panels on my roof and I've been really happy with what has taken place," said Eddie Proehl, an Orlando resident and new Vivint Solar customer. "I knew solar was good for the environment, but it was the savings that really piqued my interest. We've had a great experience so far and it didn't cost me a cent out of pocket. I can't say enough good things about it."
Vivint Solar currently has approximately 50 employees in both Orlando and Tampa and expects to employ another 20-30 employees in the next six months. The company currently operates in 15 states (Arizona, California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Texas and Utah) and Washington D.C. For more information, visit www.vivintsolar.com.
About Vivint Solar
Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar's affordable, flexible financing options or power purchase agreements. For more information, visit www.vivintsolar.com or follow @VivintSolar on Twitter.
Note on Forward-looking Statements
This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding the market for residential solar energy systems in Orlando, Florida, and other markets; the ability of residential solar customers to increase their energy independence, make a positive impact on the environment and achieve savings; and Vivint Solar's hiring expectations in its Orlando offices. 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.
Director of Public Relations
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SOURCE Vivint Solar