One of America’s leading residential solar providers, Vivint Solar, announced this week that it has expanded its residential services into the state of Rhode Island.
Vivint Solar is, according to the most recent figures currently available, the United States’ second-leading residential solar installer, trailing well behind the behemoth that is SolarCity — though it can be excused, considering SolarCity is backed by the even bigger behemoth, Tesla. Earlier this year, Vivint Solar announced that it had surpassed 100,000 residential customers across the United States. That works out to about 634 megawatts (MW) over 15 states in less than six years — not bad for a company that was on the verge of bankruptcy only a year ago.
Announced on Wednesday, Vivint Solar revealed that residents of Rhode Island will now be able to take advantage of Vivint Solar’s residential services. Rhode Island residents will be able to choose from purchasing a solar system outright, or financing the system through monthly payments through either one of the institutions Vivint Solar has a relationship with, or through the customers’ preferred lender.
“We’re thrilled to bring an affordable, environmentally friendly energy solution to Rhode Island residents and contribute to this economy,” said David Bywater, CEO of Vivint Solar. “Rooftop solar is fast becoming a mainstream energy source for Americans who want to embrace clean power, positively impact the environment and enjoy greater energy independence. Rhode Island residents are in one of the best places to do that.”
In the press release announcing the move, Vivint Solar made note of the US Energy Information Administration’s figures showing that Rhode Island’s residential sector consumes more energy than the state’s commercial, industrial, and transportation sectors. Rhode Island residents who choose to install Vivint Solar systems may be eligible to interconnect to the grid under traditional net metering, or by participating in the state’s Renewable Energy Growth Program — which enables customers to sell their generated electricity under long-term tariffs at fixed prices. For customer-owned solar systems, Rhode Island customers could expect to receive $0.3475 or $0.3085 credit per kWh, depending on a premium rate of 15 or 20 years.
“We commend Rhode Island’s local leaders for developing the incredible Renewable Energy Growth Program that brings attractive economic benefits to solar customers,” said Bywater. “This program is an ideal model for renewable energy and one that we hope many other states will imitate.”
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