Residential solar provider Vivint Solar has debuted a new power purchase agreement option that offers California customers a single rate for both solar and battery storage.
“As we look to offer more viable options, we see a clear need, especially in markets like California, to provide a number of solutions for solar energy and storage. This includes the new option of a PPA that features solar+storage,” says David Bywater, CEO of Vivint Solar. “Residential solar paired with a battery will help keep the lights on and provide power when homeowners need it the most.”
With a Vivint Solar PPA, the company finances a PV system and owns, operates and maintains it on behalf of the homeowner. In California, when homeowners choose the PPA option, they can now include a battery along with their solar panels.
Having batteries coupled with a PV system can be economically beneficial and convenient, especially during times when homeowners are experiencing power outages, like those recently experienced in parts of California, or during peak demand hours when utility rates are highest.
