Dive Brief:
- Vivint has announced $540 million in funding to finance its residential solar push.
- The second biggest rooftop solar installer in the U.S. (behind SolarCity) raised another $200 million in August after being bought by Blackstone Group for $2 billion last year.
- Vivint provides rooftop solar systems to customers in California, Hawaii, Maryland, Massachusetts, New Jersey, New York and Washington, D.C.
Dive Insight:
The company formerly known as APX Alarm Security Solutions realized the home energy service money's in rooftop solar around 2011. That's where the future seems to lie (and why utilities get a little scared when they read news like this).