18 Aug, 2015, 10:00 ET
LEHI, Utah, Aug. 18, 2015 /PRNewswire/ -- Vivint Solar (NYSE: VSLR) announced today that they are teaming up with Google for the newly announced "Project Sunroof."
Project Sunroof is a new online tool created by Google that provides homeowners with custom solar information for their home. The tool uses high-resolution aerial mapping (the same used by Google Earth) to help calculate a roof's solar energy potential, without having to climb up a ladder.
"Vivint Solar teaming up with Google is giving homeowners across the country immediate insight, information and access to rooftop solar power—that's good for everyone," said Greg Butterfield, CEO of Vivint Solar.
The new online tool is being tested in San Francisco Bay Area, Fresno, and greater Boston. The program will tell the homeowner how much sunlight hits their rooftop throughout the year while factoring in roof orientation, shade from trees and nearby buildings, and local weather patterns.
A homeowner can also enter their typical electric bill cost for more customized results. The tool will combine the information to estimate the amount a homeowner could potentially save with solar panels, and it can help connect them with local solar providers, like Vivint Solar.
"Vivint Solar has created an incredible product that's revolutionizing the energy market," said Dwain Kinghorn, Chief Strategy and Innovations Officer at Vivint Solar. "It's simple. It's affordable. And together with Google, we're able to let customers all over the country know that solar power is a lot simpler and more affordable than they might have thought."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy systems – 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 rates 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 to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
Note on Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including statements regarding Vivint Solar's strategic relationship with Google and its use of the Project Sunroof online tool and the expected benefits. 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, or SEC, from time to time. Except as required by law, 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. You should read the documents Vivint Solar has filed with the SEC for more complete information about the company. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of the company's website at www.vivintsolar.com.
Vice President of Investor Relations
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SOURCE Vivint Solar
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