Vivint Closes Funding for $280 Million of Rooftop Solar

Vivint Inc., the home security and solar-energy provider owned by Blackstone Group LP, completed a tax-equity financing round that will fund $280 million in residential solar projects.

The three deals will finance rooftop solar systems at no upfront cost for homeowners, Provo, Utah-based Vivint said today in a statement. Terms weren’t disclosed, nor were the names of the financial companies involved.

Blackstone bought Vivint in 2012 for $2 billion.

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