Vivint Solar Receives Sustainable Business Award

PROVO, Utah, Nov. 13, 2013 /PRNewswire/ -- Vivint Solar, the second largest U.S. residential solar provider, today announced that it has been awarded a 2013 Sustainable Business award from Utah Business magazine.

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The award, which was presented at a reception at the Grand America Hotel in Salt Lake City on Nov. 12, honors the best sustainable business practices and efforts in the state and recognizes companies that are making strides in environmental sustainability.

"As electricity bills continue to consume a greater share of household income, Vivint Solar is committed to offering homeowners a long-term and affordable electricity option," said Greg Butterfield, CEO of Vivint Solar. "After only two years of operation, we are proud to have become a leader in residential solar. We will continue to expand our presence and offerings to provide a clean solar energy choice to homeowners."

Since its launch in 2011, Vivint Solar has become the second largest U.S. residential solar installer, according to the U.S. PV Leaderboard published by GTM Research. In addition to increasing its workforce to over 900 employees, it added key executives such as CEO Greg Butterfield and Executive Vice President of Capital Markets, Thomas Plagemann. Last month, the company announced additional solar funding of $540 million.

Vivint Solar's innovation in energy management technology took a giant step forward this year with a groundbreaking achievement. Partnering with Garbett Homes, Vivint, Inc. and Vivint Solar helped create the first net-zero climate 5 production home, called the Zero Home—the first solar-powered smart home that produces as much energy as it consumes in cold, dry climate zones similar to Utah's (one of the most difficult to achieve a net-zero rating).

Vivint Solar currently operates in California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Washington D.C.

Vivint Solar customers save money on energy through the company's power purchase agreement (PPA), in which customers agree to purchase the power the solar energy system generates at a rate that is lower than their utility's current rate. In exchange, Vivint Solar designs, installs and maintains the system for no additional cost, allowing customers to enjoy the benefits of renewable solar energy without a large, up-front investment.

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.

About Vivint
Vivint is a leading provider of home technology services. Vivint services are delivered through a technology-based platform that integrates a wide range of wireless features and components to provide simple, affordable home security, energy management, and home automation solutions. Our vision is to connect customers to the things that matter most—their homes, families, health, cars, and businesses. In 2011, Vivint's Home Automation package and Advanced Security package received a Consumers Digest "Best Buy" rating. Vivint also received the 2012 CSAA Central Station of the Year award for overall excellence in monitoring, training, and quality relationships with customers. Dedicated to protecting families, increasing energy efficiency, and simplifying lives, Vivint has over 13 years of experience and supports more than 750,000 customers throughout the United States and Canada. For more information, visit the company's website at www.vivint.com.

Contact:

Vivint Solar
Kady Cooper
Director of Public Relations
415-706-9778
[email protected]

SOURCE Vivint Solar