Sunrun co-founder and CEO Lynn Jurich said: "Vivint Solar adds an important and high-quality sales channel that enables our combined company to reach more households and raise awareness about the benefits of home solar and batteries.
"This transaction will increase our scale and grow our energy services network to help replace centralized, polluting power plants and accelerate the transition to a 100% clean energy future. We admire Vivint Solar and its employees, and look forward to working together as we integrate the two companies."
All the support agreements relating to the deal were obtained from both companies'' largest stockholders. These include Blackstone affiliate 313 Acquisition, and Tiger Global, which will use their votes in favour of the merger and the share issuance.
Completion of the deal is subject to approval by the companies’ stockholders, regulatory approvals and other customary closing conditions. The companies expect the deal to finalise in the fourth quarter of this year.
"Joining forces with Sunrun will allow us to reach a broader set of customers and accelerate the pace of clean energy adoption and grid modernisation. We believe this transaction will create value for our customers, our shareholders, and our partners."
Vivint is headquartered in Lehi, Utah, and operates in 22 U.S. states. If Vivint is not available in your area, call the number on your screen to speak with a solar advisor to find other options.
Vivint is a well-known name in the energy sector, offering innovative solutions to homeowners. However, there''s often confusion between Vivint Energy and Vivint Solar. Both provide distinct advantages and cater to different needs. Let’s dive into the differences and similarities between these two services to help you understand which might be right for you.
Vivint Solar specializes in residential solar energy solutions, making it easier for homeowners to harness the power of the sun. Their comprehensive service includes everything from the initial consultation to the installation and maintenance of solar panels. Here''s a closer look at what Vivint Solar offers:
The cost of installing solar panels can vary depending on your energy needs and location. Vivint Solar offers a solar calculator to provide customized estimates. Financing options include:
While Vivint Solar focuses on solar energy solutions, Vivint Energy integrates these solutions with smart home technology, offering a more holistic approach to energy management. Here''s what Vivint Energy provides:
Choosing between Vivint Energy and Vivint Solar depends on your specific needs and priorities. If you''re focused on generating your own clean energy and reducing your utility bills, Vivint Solar offers a robust solution with various financing options and significant benefits. On the other hand, if you''re looking to integrate energy solutions with a comprehensive smart home system, Vivint Energy provides the tools and technologies to enhance convenience, efficiency, and security in your home.
Both Vivint Energy and Vivint Solar provide excellent services and products, ensuring that you can find a solution tailored to your lifestyle and energy needs. Consider your long-term goals and immediate needs to decide which service aligns best with your home and personal preferences.
Vivint is one of the strongest smart home security systems. From its smart touchscreen control panel called the Vivint Smart Hub to its AI-powered security cameras, Vivint delivers a unique smart home security experience that no other security system on the market can match.
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