Vivint Solar expects to offer up to 60 jobs in Nevada over the next few months. Image: Vivint Solar
Residential solar provider Vivint Solar announced Thursday that it plans to re-enter the Nevada solar sector, with the company offering its residential PV systems to residents within the state.
Vivint Solar noted that its return to Nevada was prompted by the state legislature’s passing of Assembly Bill 405 and stated commitment by Governor Brian Sandoval to sign the bill into law.
Vivint Solar shut down its operations in Nevada back in 2015 after the state passed regulations that changed solar net energy metering rules and the state's primary utility reaching its net metering cap.
AB 405 brings back a policy that allows Nevada residents to be reimbursed for extra rooftop PV energy, while offering additional rights to protect consumers and their solar energy system investments.
Vivint Solar expects to offer up to 60 jobs in Nevada over the next few months, along with approximately 100 total jobs once it fully resumes operations in the state.
David Bywater, CEO of Vivint Solar, said: "We are very pleased Nevada officials have recognized the broad public support of rooftop solar and reestablished the state's commitment to the future of renewable energy. This bill demonstrates the power of building consensus across stakeholders to find a win-win-win solution for the residential solar industry, utilities and Nevada consumers. We look forward to bringing jobs, consumer choice and affordable solar power back to the state of Nevada."
Covering one of the most exciting markets for solar in the world, this events attracts tax equity providers, banks and mezzanine providers for both solar and storage across the different states.