LEHI, Utah, Aug. 3, 2018 /PRNewswire/ -- Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it is working with one of the largest homebuilders in the nation to install its solar energy systems on the homebuilder's new homes in Southern California. The collaboration is an integral part of Vivint Solar's strategic plan to help homebuilders meet California's upcoming mandate for rooftop solar installations on new homes.
With more than 130,000 installations completed across the United States, Vivint Solar has a proven track record designing and installing solar energy systems to provide clean, renewable energy. The new homes in Southern California will be constructed with solar energy systems designed specifically for several of the homebuilder's models.
Vivint Solar will offer multiple solar plans to homebuyers, who will have the opportunity to choose their preferred financing option. The solar energy systems will be interconnected to the utility grid and provide the potential for new homebuyers to begin saving money on their utility bills immediately.
"As one of the country's largest residential solar providers, we are in the ideal position to lead the charge in delivering on California's mandate," said David Bywater, CEO of Vivint Solar. "We are proud to collaborate with one of the largest homebuilders in the country and look forward to creating a seamless experience for homebuyers in Southern California to adopt clean, renewable energy."
California's building energy efficiency standards will require solar energy systems for new homes beginning in 2020. The California Energy Commission anticipates the overall impact of the new mandate will reduce greenhouse gas emissions equivalent to removing 115,000 fossil fuel cars.
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 over time. Offering integrated residential solar solutions, Vivint Solar designs and installs the solar energy systems for its customers and offers monitoring and maintenance services. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar's affordable, flexible financing options, power purchase agreements, or lease agreements, where available. 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 new home construction in Southern California and customer interest in residential solar. 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 its 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.