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In February 2015, Vivint Solar broke ground on a brand-new business campus in Lehi, Utah near Thanksgiving Point, and began running from there in May 2016. This five-story steel-construction high-rise is ultra-modern, and provides cafeteria service for its workers like its parent Vivint's business headquarters. In July 2015, Sun, Edison announced plans to purchase Vivint Solar for $2.

In March 2016, Vivint Solar revealed that the Sun, Edison deal had been terminated, and that the company was suing Sun, Edison for a "willful breach" of the prepared merger. Sun, Edison remains in bankruptcy as of January 2017, and Vivint Solar is among lots of lenders. A second proposed class action lawsuit was filed in Might 2016, arguing that Vivint misguided investors about the Sun, Edison buyout offer.

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In 2020 their stock rate surpassed $15. Analysis from early 2017 found that while Vivint Solar had greater access to capital, real setup of house solar panels fell considerably with a drop of 21% from late 2015 to late 2016. In 2017, the business broadened to 20 states. Vivint Solar has actually installed 100,000 solar energy systems as of February 2017.

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2 billion. Innovation [edit] Vivint Solar's customers can fund a system with a loan, purchase or lease a system, or purchase energy based on a long-term contracta PPA. With a loan or cash sale, customers own the panels after paying for the installation outright or securing financing. In the PPA structure, consumers pay a charge per kilowatt hour based on the amount of electrical energy the solar energy system really produces.

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The lease consists of a production warranty under which Vivint Solar agrees to make a payment to the customer if the rented system does not meet the ensured production level. Most of Vivint Solar's development since 2013 had actually originated from door-to-door sales. Throughout 2016 the PPA design was losing favor with consumers who significantly chosen to buy solar energy systems outright instead of lease them or engage in PPAs.