Vivint Launches Residential Solar+Storage PPA Option in California

Solar Power WorldNovember 12, 201949

Summary:

Vivint Solar launched a new power purchase agreement option with a simple rate for both battery storage and solar in California.

Main Article:

Vivint Solar has launched a new power purchase agreement (PPA) option that includes one simple rate for both battery storage and solar in California.

Vivint Solar offers multiple options for homeowners to benefit from solar energy, including loans which facilitate direct ownership of solar-powered systems, and PPAs or leases for solar panels which allow homeowners to benefit from solar energy without owning it themselves. PPAs are contracts in which a solar company, like Vivint Solar, arranges for the design, permitting, financing for solar panels, and installation of a solar-powered system, and in exchange, the homeowner agrees to purchase the solar energy the solar-powered system produces. This option allows homeowners to benefit from powering their home with solar energy, with the convenience of having Vivint Solar finance the solar-powered system, own it, operate and maintain it on behalf of the homeowner. In California, when homeowners choose the PPA option, they can now include a battery along with their solar panels.

“As we look to offer more viable options, we see a clear need, especially in markets like California, to provide a number of solutions for solar energy and storage. This includes the new option of a PPA that features solar-plus-storage,” said David Bywater, CEO of Vivint Solar. “Residential solar paired with a battery will help keep the lights on and provide power when homeowners need it the most.”

If you’re interested in going solar, see how much you can save by using the  HaHaSmart price checker tool and you can design your own solar-powered system using the design DIY tool.

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