Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced that it plans to expand availability of its affordable residential solar energy systems into Illinois, with services beginning in the greater Chicago area. Marking the company’s first expansion into the Midwest region, Vivint Solar plans to create over 100 jobs in the state within the year.
According to the U.S. Energy Information Administration, Illinois generates just 0.07 percent of its electricity from solar energy, highlighting the sizable opportunity for rooftop solar in the state.* Clean energy development within the state is expected to accelerate thanks to the Future Energy Jobs Act (FEJA), which will provide incentives that make rooftop solar more affordable for Illinois residents.
“With a supportive regulatory environment and broad enthusiasm toward clean energy, Illinois is a very promising market for rooftop solar,” said Vivint Solar CEO David Bywater. “In particular, we are thrilled to begin operations in Chicago, the largest metropolitan area in the U.S. where we did not yet have a presence. We believe this state has tremendous potential to become a strong clean energy hub, and we look forward to helping residents embrace solar energy and enjoy greater control over their electricity costs.”
Through Vivint Solar, residents will be able to purchase a system from Vivint Solar outright, lease a system or finance the purchase with monthly payments through one of the institutions Vivint Solar has relationships with, or through their preferred lender. Customers will also be eligible to apply for any applicable utility-sponsored rebates and federal tax credits. Illinois residents who install solar energy systems can interconnect to the grid under traditional net metering.
As part of each sale, Vivint Solar designs and installs the system, allowing customers to enjoy the benefits of affordable, renewable solar energy. Vivint Solar has deep installation expertise, having completed over 132,000 installations throughout the United States.
Vivint Solar operates in 22 states (Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont and Virginia).