Vivint Solar brings in $280M to finance more solar panel installations in US homes

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now

Residential solar panel installer Vivint Solar closed a $280 million round earlier this week. The funding is tax equity-backed by several undisclosed financial institutions and will be used to finance the installation of new PV solar panels as the company expands across the country. According to GTM Research, Vivint is the second largest installer of US residential solar panels after SolarCity. The company is based in Provo, Utah and sold to Blackstone Group LP in 2012 for $2 billion.

Daily insights on business use cases with VB Daily

If you want to impress your boss, VB Daily has you covered. We give you the inside scoop on what companies are doing with generative AI, from regulatory shifts to practical deployments, so you can share insights for maximum ROI.

Read our Privacy Policy

Thanks for subscribing. Check out more VB newsletters here.

An error occured.

The insights you need without the noise