Press Release
Enphase Energy and Vivint Solar Renew Inverter Solution Agreement
Vivint Solar chooses Enphase as 2013 inverter supplier
"We are delighted to continue building off our powerful strategic
relationship with Vivint Solar. For over a year-and-a-half, our advanced
inverter technology, coupled with Vivint Solar's unique go-to-market,
has helped accelerate them toward their goal of becoming the top U.S.
installer of residential rooftop solar systems," said
Vivint Solar customers save money on energy through a power purchase agreement (PPA) in which customers agree to buy the power generated by a solar photovoltaic system installed on their home, at rates that are generally lower than their local utility. In exchange, Vivint Solar designs, installs, operates and maintains the system with no additional out-of-pocket costs for the customers. This business model provides homeowners the benefits of renewable solar energy without a large, upfront investment.
"We are focused on nationwide expansion of our affordable solar
offering, and we adopted Enphase early on because of the value their
inverter solution delivers," said
Vivint Solar currently operates in
The Enphase
Microinverter System offers a revolutionary new approach to the
installation, operation and maintenance of solar energy systems. Enphase
Microinverters, the Envoy
Communications Gateway and Enlighten
web-based monitoring and analysis software work together to deliver
increased energy harvest and unparalleled solar system intelligence. To
date, Enphase has shipped over 3 million microinverters and is selling
into ten countries across
About
About Vivint Solar
Vivint Solar is a leading provider of simple, affordable solar solutions
and one of the fastest growing residential solar power providers in
About
Forward-Looking Statements
This press release contains forward-looking statements, including, but
not limited to, statements related to market demands for Enphase
Energy's microinverters, advantages of its technology, market trends and
future financial performance. These forward-looking statements are based
on the company's current expectations and inherently involve significant
risks and uncertainties. Enphase Energy's actual results and the timing
of events could differ materially from those anticipated in such
forward-looking statements as a result of these risks and uncertainties,
which include, without limitation, risks related to: the future demands
for solar energy solutions; the reduction, elimination or expiration of
government subsidies and economic incentives for on-grid solar
electricity applications; the company's ability to achieve broad market
acceptance of its microinverter systems and to develop new and enhanced
products in response to customer demands and rapid market and
technological changes in the solar industry; the success of competing
solar solutions that are or become available; the company's ability to
effectively manage the growth of its organization and to maintain or
achieve anticipated product quality, product performance and cost
metrics; competition; general economic conditions; and other risks
detailed in the "Risk Factors" and elsewhere in Enphase Energy's
Enphase Energy®, the Enphase logo and other trademarks or service names
are the trademarks of
Industry Public
Relations Manager
pr@enphaseenergy.com
Source:
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