Vivint Solar
Simple & Affordable Solar Power
Company Details
Website: www.vivintsolar.com
Email: [email protected]
Address: Corporate Office, 3301 N. Thanksgiving Way, Suite 500, Lehi, UT 84043
Phone Number: 888-781-7074
States and Areas Served: Colorado, Nevada, New Mexico, Texas, Utah, and Virginia. Contact ION to see if they offer services in your area within each of these states.
Overview
Founded in 2011, Vivint Solar is a leading full-service residential solar energy provider in the United States. The company offers four solar panel system design and installation options to help customers achieve significant financial savings over time. As a solar panel installer, Vivint has helped businesses and homes use rooftop solar panels to unlock solar solutions.
This article examines Vivint Solar Reviews to rate the solar company based on its growth, efficiency, and customer service.
Vivint also provides monitoring and maintenance services. Most options are installed with little or no upfront costs for qualified customers. Vivint is quickly becoming a competitor in the solar industry. Their solar installation systems provide each customer with clean energy for their solar purchase.
The company also operates Vivint Smart Home, a sister company that has provided award-winning smart home services to over one million customers since 1999. As evidence of the company’s financial stability, Vivint was acquired by The Blackstone Group for $2 billion in 2012. In August 2019, the company closed a $325 million revolving warehouse facility that refinanced an existing aggregation credit facility. Vivint has the option to upsize the facility to $400 million.
Following a successful IPO, Vivint Solar started trading on the New York Stock Exchange in October 2014 under the symbol VSLR. In 2016, Vivint Solar was listed #2 on Solar Power World’s Top 500 Solar Contractors in North America list. In 2016, the company was named the #1 Solar Contractor in Utah. Vivint Solar Developer, LLC, and affiliates carry commercial general liability insurance written by Axis Specialty Europe (Policy No. 3776500118EN).
The solar panel company also carries workers’ compensation insurance for all employees written by Zurich American Insurance Company (NAIC #: 16535) and American Zurich Insurance Company (NAIC No.: 40142). Lloyd’s Syndicates of London writes property insurance for all Vivint Solar properties (Policy No. PW1900065).
The Pros
- 86-point quality inspections on all solar panels
- Offers multiple solar plans and payment options for a variety of situations
- Vivint performs all work. There are no third-party installations.
- Solar panels are built with all-weather technology and come with a 25-year warranty.
- Home batteries and electric vehicle chargers options are available.
Vivint is a leading solar company in 23 states, including Hawaii (which has many solar customers, despite its general lack of coverage). They’re backed by a track record of providing quality solar installations for more than 146,000 customers. It is a licensed contractor in all states where it operates.
The company offers four different solar plans:
- Solar Purchase. You own the solar panels outright. That means you will make no monthly payments to Vivint, but you will still enjoy product and workmanship warranties offered by the company. You can also benefit from tax credits and incentives where applicable.
- Solar Loan. You can finance a solar panel installation with monthly payments to Vivint’s financing partner. You will pay no upfront costs but still benefit from Vivint product and workmanship warranties, and tax credits and incentives where applicable.
- Solar PPA. Under a power purchase agreement, Vivint owns the solar panels. You will make low monthly payments to the company, with no upfront costs, and the potential to save on your utility rate. Vivint product and workmanship warranties cover all installations.
- Solar Lease. Vivint owns the solar panels, and you lease them from the company for no money down while getting guaranteed solar production. Maintenance is included, and product and workmanship warranties will apply.
Vivint also offers LG Chem home batteries for solar plus storage systems and electric vehicle chargers with ChargePoint Home.
The production work warranty guarantees that all work will be free from material defects for ten years. Solar panels carry a 25-year linear performance warranty. Inverters carry a minimum 10-year manufacturer’s warranties.
Solar PPA or Solar Lease customers can renew their solar loan contract for an additional five years. They can also purchase the solar system for fair market value or request to remove the system at no extra cost. This flexibility allows Vivint solar panels to provide renewable energy to save each customer money on their electricity bill. The contract also guarantees quality solar panel installation on each roof, easing worries about solar panel weight or other rooftop concerns.
The Cons
- Solar installations may not be available in communities with an HOA.
- Production guarantees not available in all markets.
- Some reported instances of long installation delays and poor customer service.
In some instances, Homeowner Associations may not allow for the installation of solar energy systems. While Vivint will work with an HOA to coordinate installations, there’s no guarantee residential solar panels will be allowed in all HOA communities.
According to Consumer Affairs, some customers had poor experiences with Vivint, either through mediocre customer service issues or misrepresentations by a Vivint representative. This results in a fair amount of negative Vivint solar reviews. However, the company appears to be responsive to these complaints and has worked to correct problems for each Vivint solar customer.
Remember, a customer will usually write a positive review if they had an extremely good experience. There are plenty of ordinary experiences that lack incentives powerful enough to log onto a website like Yelp and say something.
Momentum Solar has a similar problem, where its customer service reviews range from “Excellent” to “Poor,” probably because love and hate are the strongest motivators to write reviews. So keep that perspective in mind, whether looking at a Vivint solar review or another tech company’s customer service.