Profile: Vivint Solar Inc (VSLR.N)
19 Jul 2019
Vivint Solar, Inc., incorporated on August 12, 2011, offers distributed solar energy. The Company generates electricity by a solar energy system installed at or near customers’ locations. It offers electricity to residential customers, primarily through direct-to-home sales model. Its product offering includes power purchase agreements (PPA), legal-form leases (Solar Leases) and solar energy system sales (System Sales).
The Company, under PPAs, charge customers a fee per kilowatt hour based on the amount of electricity the solar energy system actually provides, which is billed monthly. PPAs typically have a term of 20 years and are subject to an annual price escalator. Under Solar Leases, it charges customers a fixed monthly payment to lease the solar energy system, which is based on a calculation that accounts for expected solar energy generation. Solar Leases typically have a term of 20 years Under System Sales, it offers the option to purchase solar energy systems for cash or through third-party financing.
Vivint Solar Inc
1800 W Ashton Blvd
LEHI UT 84043-5490