Residential solar provider Vivint Solar Inc. has expanded its footprint into Colorado, as well as announced plans to re-enter the Nevada market now that the state is slated to restore net energy metering (NEM).
Once it returns to Nevada, Vivint Solar will operate in 18 states (Arizona, California, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas and Utah) and Washington, D.C.
In Colorado, the company will service the Denver and Boulder area and set up a sales office in Centennial. David Bywater, CEO of Vivint Solar, says, “We’re pleased to bring affordable solar energy systems to Colorado as part of our ongoing expansion strategy.”
Meanwhile, Vivint Solar intends to relaunch operations in Nevada after leaving the state in 2015, when the Public Utilities Commission of Nevada ruled to dramatically decrease NEM buyback rates. However, the state legislature recently passed A.B.405, a bill that will almost fully restore NEM rates and is expected to revive Nevada’s rooftop solar industry. Gov. Brian Sandoval, R-Nev., has said he will sign the bill into law.
“We are very pleased Nevada officials have recognized the broad public support of rooftop solar and reestablished the state’s commitment to the future of renewable energy,” says Bywater. “This bill demonstrates the power of building consensus across stakeholders to find a win-win-win solution for the residential solar industry, utilities and Nevada consumers. We look forward to bringing jobs, consumer choice and affordable solar power back to the state of Nevada.”
Vivint Solar says it expects to create up to 60 jobs in Nevada in the coming months and approximately 100 total jobs once it fully resumes operations in the state. Competitors Suniva and SolarCity have also indicated they will re-enter Nevada following passage of A.B.405.