Vivint Solar Inc. (VSLR) 2014年年度报告「NYSE」.pdf

1、Dear Fellow Stockholders,We are pleased to report that 2014 was a transformative year for Vivint Solar.As part of a solar industry that provides power to an estimated four million American homes and provides nearly 174,000 people with jobs,Vivint Solar is flipping the switch on the way people create

2、 and consume electricity by connecting homes to the power of the sun.We offer distributed solar energyelectricity generated by a solar energy system installed at or near custom-ers locationsto residential customers based on 20-year contracts at prices below their current utility rates.Our customers

3、pay little to no money upfront,and typically save 20%to 40%on solar-generated electricity rates relative to utility-generated electricity rates following system interconnection to the power grid and continue to benefit from locked-in energy prices over the term of their contracts,insulating them aga

4、inst unpredictable increases in utility rates.Our customers are saving money on their utility bills and doing it in a way that is environmentally friendly and provides them with a degree of energy independence.I am proud of what Vivint Solar accomplished in 2014.We exceeded expectations and have tre

5、mendous momentum going into 2015.Here are a few of the highlights from the past year:We installed 155 megawatts for over 22,000 customers.This represents 168%growth year-over-year.On a cumulative basis,Vivint Solar has installed 228 megawatts for nearly 36,000 customers across seven states.Our estim

6、ated nominal contracted payments remaining at the end of the year was$1,031 million,growing 161%from the year ago period and our estimated cumulative retained value was$481 million at the end of year,growing 153%from the year ago period.We finished the year with a Q4 cost per watt of$2.96,dropping a