I gave the company a call and got the chance to talk with CEO David Bywater. After my leading with my myopic observations of the solar industry (that Tesla was the end-all-be-all and Vivint Solar was this nascent newcomer), he gave me a quick history lesson. Vivint Solar had been incubating in Vivint Smart Home for years. Then they broke out on their own in 2011, conducted a successful IPO in 2014, and now have over 130,000 installations in 21 states.
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Rooftop solar is an exciting new way to power your home with clean, renewable energy. Vivint Solar expanded into Massachusetts in 2012, and in the past six years it’s helped more than 14,500 homes go solar. In fact, Vivint Solar has installed more residential solar energy systems than any other company in the Bay State. Throughout Massachusetts, many of our customers are saving money on their energy bills and helping the environment by reducing air pollution and using a renewable energy source.
In conversations with homeowners around the greater Boston area, however, it’s become apparent there are some misconceptions circulating about solar power. This article addresses some of the most common myths about rooftop solar.
Vivint Solar Takes the ParityPledge as Part of Its Commitment to Improving the Pathway for Women in Leadership Positions
In honor of Women’s History Month in March, Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it has taken the ParityPledge, building on its commitment to improving the pathway for women in leadership positions.
The ParityPledge asks that companies commit to interviewing at least one qualified woman candidate for every open position, vice president and above, including the C-suite and board. There is no requirement of hiring quotas or deadlines. The ParityPledge is an initiative of Parity.org, a 501(c)(3) non-profit organization focused on bringing gender equality to the highest levels of business.
Vivint Solar Inc. (NYSE:VSLR) is going through the biggest transition of its short life as a company, changing from a focus on solar leases to an increasing percentage of solar system sales. The move differentiates it from residential solar market leader Sunrun, and it should reduce Vivint Solar's financial risk.
Recently released fourth-quarter results show some of the progress Vivint Solar is making in building a new, more profitable business model. Here are the highlights from the quarter.
When Tesla 's (NASDAQ: TSLA) Powerwall was introduced in 2015 it was the first time a company had produced a well-designed energy storage system for the residential consumer. Other products existed, but they were in a pilot phase or weren't built to be the elegant solution Tesla was offering. But Tesla was also years ahead of the market, resulting in slow sales in the first three years for the product (most of Tesla's energy storage sales are the larger Powerpack).
In 2018, every major residential solar company is working on their own energy storage solution or partnering with another company. And this coincides with Tesla foregoing its lead in residential solar to Sunrun (NASDAQ: RUN) late in 2017 after shrinking its solar presence at an astounding rate. By the end of the year, Vivint Solar (NYSE: VSLR) , Sunrun, and SunPower (NASDAQ: SPWR) may not only be bigger installers of residential solar systems than Tesla, they may have a lead in residential energy storage.
Dr. Suzanne Harrison and her family are working for cleaner air in Utah. Watch her talk to KSL 5 TV about her decision to install solar from Vivint Solar and an EV charger from ChargePoint