Major US residential PV provider, Vivint Solar has secured new tax equity transactions that would enable the company to fund around US$280 million worth of PV system installations.
The company said it had already expanded operations in key markets such as California, New Jersey, Maryland and Massachusetts and would be expanding into further regions in 2014.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“In 2013, we grew our customer base by nearly 300% with our past fundraising efforts,” said Greg Butterfield, CEO of Vivint Solar. “This new US$280 million tax equity funding enables us to continue our expansion plans to deliver affordable solar solutions to homeowners.”
According to GTM Research, Vivint Solar is the second largest US residential PV installer after SolarCity.