LEHI, Utah, Oct. 26, 2016 /PRNewswire/ -- Vivint Solar
(NYSE: VSLR), a leading full-service residential solar provider,
today announced the installation of more than 2,700 rooftop solar
panels at Vivint Smart Home Arena, which is the home of the Utah
Jazz and the premier sports and entertainment venue of the
Intermountain West, located in downtown Salt Lake City. This full array of solar
panels marks one of the largest
rooftop solar energy systems among indoor sports venues in
the United States.
Covering more than 80,000 square feet on the arena rooftop and
generating nearly 700 kilowatts of energy, the panels were provided
by Vivint Solar and installed by Hunt Electric. This solar
installation is one of the initial upgrades made as part of an
ongoing $125 million renovation by
the Larry H. Miller Group of Companies of Vivint Smart Home Arena,
which is now among the first professional sporting venues capable
of generating its own energy.
"The top-to-bottom renovation of the arena has begun on the roof
with the installation of solar panels, which reflects our desire to
implement sustainable practices," said Jim
Olson, president of the Vivint Smart Home Arena. "The
overall building transformation will incorporate environmental and
energy improvements, enhance the experience for our guests, and
return the arena to a first-class venue."
The new system is the equivalent to completely offsetting the
electricity for 100 homes per year or powering approximately 89
home games for the Utah Jazz. It is expected to produce enough
energy to equal one million pounds of coal or the benefit of
planting of 5,000 trees. Vivint Solar and the Larry H. Miller Group
of Companies have worked together to bring nearly three quarters of
a megawatt solar energy system to a city that is ranked sixth in
the nation by the American Lung Association for poor air
quality.
"Working with the Larry H. Miller Group to make Vivint Smart
Home Arena a solar-powered venue is an exciting accomplishment,"
said Vivint Solar CEO David Bywater.
"It's not only contributing to the arena's technological
renovations, but it's a clean energy decision that is going to make
a huge environmental impact on a community deeply affected by the
inversion. We hope it encourages other venues to choose clean,
renewable energy as a major source of electrical power."
Vivint Solar, a sister company of Vivint Smart Home, has become
a leader in the solar industry with over 575 megawatts installed in
14 different states across the country.
"It was a privilege to couple our long-standing relationships
with the Larry H. Miller Group and Vivint Solar to design and build
a unique solar-powered solution for Vivint Smart Home Arena," said
Richard Hunt, Hunt Electric CEO. "We
are proud to support this endeavor and emphasize our commitment to
sustainability through transforming energy consumption for our
customers. The scale and environmental impact of the installation
is remarkable as it reduces the toxic load on our air quality by
the equivalent of 31.7 million miles of vehicular traffic."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy –
electricity generated by a solar energy system installed at a
customer's location – to residential customers in the United States. Vivint Solar's customers
pay little to no money upfront, typically receive significant
savings relative to utility generated electricity and continue to
benefit from guaranteed energy prices over the 20-year term of
their contracts. Vivint Solar finances, designs, installs, monitors
and services the solar energy systems for its customers. Vivint
Solar also sells solar energy systems; customers can pay cash of
finance the purchase through one of Vivint Solar's industry-leading
finance partners. For more information, visit www.vivintsolar.com
or follow @VivintSolar on Twitter.
Note on Forward-looking Statements
This press release contains forward-looking statements as
defined within the meaning of the federal securities laws.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Forward-looking statements should not be read as a guarantee of
future performance or results, and they will not necessarily be
accurate indications of the times at, or by, which such performance
or results will be achieved, if at all. These statements are based
on current expectations and assumptions regarding future events and
business performance as of the date of this press release, and they
are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements, including but not
limited to the risks set forth in the registration statements and
reports that Vivint Solar files with the U.S. Securities and
Exchange Commission, which are available on the Investor Relations
section of our website at www.vivintsolar.com. Vivint
Solar does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Vivint Solar Contact:
Helen
Langan
Director of Public Relations
385-202-6577
pr@vivintsolar.commailto:pr@vivintsolar.com
Agency Contact:
Ashlyn
Hewlett
Method Communications
801-461-9772
ashlyn@methodcommunications.com
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SOURCE Vivint Solar