Vivint Solar
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| Public Company | |
| Traded as | : VSLR |
| Founded | 2011 |
| Headquarters | Lehi, Utah |
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Number of locations
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60 |
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Key people
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David Bywater, President and CEO Todd Pedersen, Board Member Alex Dunn, Board Member |
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Number of employees
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5,000+ (2015) |
| Website | www |
Vivint Solar, Inc. is an American solar energy company. Founded in 2011 as an offshoot of Vivint home security, Vivint Solar went public in 2014. Vivint Solar is publicly traded on the . It was launched as a solar electricity provider that designs, installs, and maintains the residential photovoltaic system.
Vivint Solar operates in 15 regions of the U.S. (Arizona, California, Connecticut, Florida, Hawaii, Maryland, Massachusetts, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Texas, Utah, and Washington, D.C.), with expansive marketing programs in those markets. According to GTM Research, Vivint Solar was the number two residential solar installer in the United States in 2013, and maintaining its No. 2 position as of the end of 2015. It has installed over 40,000 solar panel systems as of the end of March 2015. Several states have high potential solar growth, allowing for as much as 74% of the electricity needs from solar panel only. Newer types of solar panel currently under development might increase this still further.
The company is considered to be a green home technology company and is the fastest growing solar energy company in the U.S. which uses the power purchase agreement (PPA) model. It uses fleet vehicles carrying the traditional Vivint orange coloration.
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Wikipedia