Vivint Solar To File For IPO, Compete With SolarCity

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Home security and home automation company Vivint is reported to have confidentially filed for an initial public offering (IPO) for its solar business, Vivint Solar.

Reuters is reporting that “people familiar with the matter” who “asked not to be named” have informed them that Vivint may launch the IPO of its fledgling solar business as early as this fall, depending on the conditions of the market.

However, given competitor SolarCity’s recent success, the decision seems like it could be a no brainer.

When reached for comment, Vivint Solar declined to shed any light on the matter.

Image Credit: Vivint Solar
Image Credit: Vivint Solar

GTM Research claim that Vivint Solar is only second to SolarCity in US residential solar installation over the last few quarters — though the distance between the two is extreme.

According to Reuters, Vivint is working with a group of banks, including Goldman Sachs Group, on the proposed offering. Vivint, acquired by Blackstone for more than $2 billion in September of 2012, is said to be taking advantage of the Jumpstart Our Business Startups Act which aims to encourage funding for small business opportunities by easing SEC regulations.

Vivint Solar installs the solar panels for residential installations using funds provided by financial institutions, and makes money on the return generation of power at a cheaper rate than the homeowners were previously paying under the traditional three-step method.

SolarCity runs the same way, and as CEO Lyndon Rive recently said on Fox Business, the cost is $0 — the installing company sells you the resulting energy your own solar panels are generating. The company, which itself went public in December of 2012 at $8 per share, has since seen its shares grow substantially to $70 per share, and is now valued at nearly $6.5 billion.

So are these unnamed sources correct? If the market for residential solar remains even vaguely on its current trend, then yes, those sources are correct and the move by Vivint was really just a matter of time.

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Our Latest EVObsession Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.

Joshua S Hill

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.

Joshua S Hill has 4403 posts and counting. See all posts by Joshua S Hill