The distributed solar provider has secured another healthy chunk of finance to go towards the installation of 123 MW of residential solar, as the company continues to steady the ship after the trauma of its failed merger with SunEdison earlier in the year.
The third-largest distributed solar installer has moved into the Florida market, which currently does not allow power purchase agreements for residential solar.
In results for its first full quarter since the failed merger of Vivint Solar and SunEdison, the residential solar installer reports recovery and record low costs.
Vivint Solar says that the loan will allow it to install solar on 8,250 homes in New York.
The company describes the loan as an alternative to bond securitization for its residential solar projects.
One of the largest U.S. residential solar installers has partnered with a provider of PACE financing in California, with an aim to take the program to other states.
Welcome to pv magazine USA. This site uses cookies. Read our policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.