What is an annual escalator?

If you have a Sunnova solar energy plan with an escalator, you will pay a lower initial rate per kWh, and your kWh rate will increase a small percentage each year. The purpose of the escalator is to provide you with a lower initial rate and more savings in the early years of your Sunnova energy plan.

Solar energy plans that include an annual escalator will provide less significant long-term savings than those that don't include an escalator; however, you could save more at the beginning of your energy plan.1

1. Individual savings will vary based on your utility rate, your energy consumption habits, the solar system equipment installed on your property, your tax incentives eligibility, weather and other factors. In some states Sunnova’s products are not designed to offer savings. Customers located in states or territories other than CA, CT, MA, RI, NY and NJ are likely to perceive savings substantially lower than 20%, if any. Individual savings estimates are based on your solar energy production, your solar kWh rate, potential tax incentives, your utility kWh rate at the time of purchase, and projected increases in the utility rate (based on historical data and national averages). Estimates do not take into consideration other changes in utility rates. Such changes could affect your overall estimated savings. Sunnova does not guarantee savings.