as nyse vslr founded 2011 headquarters lehi utah number of locations 60 key people david bywater interim ceo todd pedersen board member alex dunn board member number of employees 5 000 2015 website www.vivintsolar.com vivint solar inc. is an american solar energy company . vivint solar went public in 2014 . 1 vivint solar is publicly traded on the new york stock exchange . it was launched in 2011 by its parent company vivint inc. 2 as a solar electricity provider that designs installs and maintains the residential photovoltaic system . vivint solar operates in 14 states arizona california connecticut florida hawaii maryland massachusetts new jersey new mexico new york pennsylvania south carolina texas and utah and washington d.c. 3 with expansive marketing programs in those markets . 4 5 according to gtm research vivint solar was the number two residential solar installer in the united states in 2013 . 6 it has installed over 40 000 solar panel systems as of the end of march 2015 . 7 several states have high potential solar growth allowing for as much as 74 % of the electricity needs from solar panel only . 8 newer types of solar panel currently under development might increase this still further . 9 the company is considered to be a green home technology company 10 and is the fastest growing solar energy company in the u.s. which uses the power purchase agreement ppa model . 11 12 it uses fleet vehicles carrying the traditional vivint orange coloration . 13 in february 2015 vivint solar broke ground on a new corporate campus in lehi utah near thanksgiving point and began operating from there in may 2016 . vivint solar s current ceo is david bywater 14 who was announced as an interim replacement for greg butterfield in may 2016 following butterfield s resignation . approach edit the company installs solar panels at no cost to the homeowner usually via a power purchase agreement ppa . 15 vivint solar owns installs and maintains solar panels on customers homes in exchange for customers agreeing to purchase the solar energy their panels produce . 16 customers do not pay for installation ; in lieu of this the company makes its money by selling back to the customers the energy produced 17 for the life of the contracts at rates that are initially substantially lower than their previous electric utility charges . 18 19 vivint solar s customers purchase energy or lease solar energy systems based on one of two types of long term contracts a ppa or a lease . in the ppa structure customers pay a fee per kilowatt hour based on the amount of electricity the solar energy system actually produces . in the lease structure the customer s monthly payment is fixed based on a calculation that takes into account expected solar energy generation . the lease includes a production guarantee under which vivint solar agrees to make a payment to the customer if the leased system does not meet the guaranteed production level . 20 most of vivint solar s growth has come from door to door sales . 21 corporate history edit in october 2011 home automation company vivint inc. started and incorporated a new solar division of the company vivint solar . 22 in november 2012 the blackstone group acquired a controlling interest in vivint vivint solar and 2gig technologies for in excess of 2 billion . 23 after the blackstone acquisition the solar division evolved and became vivint solar llc . a separate but related company . 24 in october 2014 vivint solar opened for public trading on the new york stock exchange . 25 in july 2015 sunedison announced plans to buy vivint solar for 2.2 billion usd . 7 in march 2016 vivint solar announced that the sunedison deal had been terminated and that the company was suing sunedison for a willful breach of the planned merger . in may 2016 greg butterfield stepped down as ceo of vivint solar . david bywater was announced as interim ceo while the board searches for a permanent replacement for butterfield . references edit vivint solar prices ipo at 16 the low end of the range . http www.renaissancecapital.com . renaissance capital ipo center . retrieved 19 october 2015 . external link in website help home security firm enters solar market with 75m fund . forbes . retrieved oct 19 2011 . vivint solar coverage area . vivint solar . retrieved jan 1 2014 . vivint solar offers affordable solar energy solutions in two new california markets . zep solar . november 29 2012 . shimogawa duane march 4 2013 . vivint solar tops in hawaii sales volume so far this year . pacific business news . vivint solar no. 2 us solar installer sets ipo terms to raise 370m . green tech media . retrieved oct 22 2014 . a b fehrenbacher katie 20 july 2015 . why sunedison is buying vivint solar for 2.2 billion . fortune . retrieved 19 october 2015 . http www.desertsun.com story tech science energy 2016 03 28 study california could get 74 power rooftop solar 82360288 http science.sciencemag.org content early 2016 06 08 science.aaf8060 vivint recognizes national green week through energy saving solar and home automation . business wire . february 4 2013 . vivint solar offers affordable solar energy solutions in two new california markets . business wire . november 29 2012 . tempesta matt february 23 2013 . saugus sees sudden spike in solar installations . the daily item . basich greg january 5 2012 . vivint launches fleet for new solar division . automotive fleet . vivint solar names david bywater as interim ceo current ceo greg butterfield resigning search for permanent exec beginning in coming weeks . sonoran weekly review . may 2 2016 . vivint solar s popularity grows in new jersey saves customers money . vivint solar . august 7 2012 . castle stephen october 20 2011 . vivint offers solar panels no money down . electronic house . todd pedersen ceo of vivint on bloomberg . youtube . february 27 2013 . burns matt october 18 2011 . vivint solar announces 75m partnership with u.s. bancorp expansion into three new markets . techcrunch . vision of vivint solar . vimeo . retrieved may 18 2013 . serra tanguy . solar leasing . alternative energy emagazine . retrieved may 18 2013 . vivintknock knock solar company wins converts going door to door . reuters . retrieved nov 3 2013 . home security packaged with energy and solar . cnet . retrieved feb 11 2011 . de la merced michael j. september 18 2012 . blackstone to buy control of vivint a home security provider . the new york times . blackstone 2 billion acquisition ties in solar and home automation . 24 7 wall street . retrieved sep 19 2012 . wang ucilia 1 october 2014 . vivint solar makes public market debut shares up modestly . forbes . retrieved 19 october 2015 . retrieved from https en.wikipedia.org w index.php title vivint solar & oldid 741977329 categories solar energy companies of the united statescompanies based in utahenergy companies established in 2011renewable resource companies established in 2011companies listed on the new york stock 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