When you purchase a solar system through a conventional solar loan, you’ll probably have to come up with a down payment of several thousand dollars. But it doesn’t end there. The costs associated with maintenance and repair for the system usually come out of your own pocket -- forever. That can add up to tens of thousands of dollars over time.
By contrast, Solar as a Service with Sunnova gives you the benefits of solar power without the worry of unexpected expenses derailing your budget. All of our products, including our ownership product (the EZ Own Program), come with a comprehensive warranty, maintenance and insurance coverage at no additional cost to you. We also provide 24/7 system monitoring and a performance guarantee.
So, what does all this mean to you? It means no stressing over extra costs that may crop up. Because they won’t. You make your monthly payment and we take care of the rest.
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| PURCHASING/FINANCING | SOLAR AS A SERVICE | |
|---|---|---|
| Upfront costs | DOWN PAYMENT REQUIRED You make an initial down payment out of pocket for equipment and installation, then make monthly payments on the balance |
$0 DOWN Sunnova owns the solar equipment and pays for design and installation of the system that works best for your home |
| Initial savings | NO It takes years to recoup your investment, due to the upfront cost |
YES Savings are immediate; you can save even more initially with an escalator |
| Comprehensive product warranty | NO Some components may have manufacturers’ warranties, but coverage is usually limited |
YES Entire Sunnova system is covered under warranty for the duration of the service agreement |
| Insurance | NO You’ll likely have to pay for a separate policy or add it to your homeowners policy |
YES Sunnova insures the system throughout the lifetime of the service agreement |
| System monitoring & performance guarantee | NO System output is not consistently monitored; may sometimes be added at an additional cost |
YES Sunnova monitors your solar system production and its performance for the lifetime of the service agreement; if we detect a problem, we fix it at no additional cost to you |
| Quality control | NO There is no third-party testing or quality assurance in place |
YES Every system design is inspected, reviewed and confirmed to ensure it meets Sunnova’s standards |
| System maintenance | NO You have to pay for any repairs or part replacements |
YES Sunnova offers comprehensive system maintenance, covering any repairs or replacements for the duration of the service agreement |
| Transferable agreement | NO If you sell your home, you will likely have to pay off the loan (if financed), and the new homeowner benefits from the system you paid for in full |
YES If you sell your home, you can transfer the service agreement to the new homeowner or move the system to your new home |
| Diminished savings due to ongoing out-of-pocket expenses | YES Without a performance guarantee or coverage for operations and maintenance, you’ll be left footing the bill for anything your system needs — for as long as you own it |
NO You won’t have out-of-pocket expenses beyond your monthly payments since your Sunnova solar system comes with a performance guarantee and a comprehensive warranty for maintenance and repairs |
Features and costs listed for purchasing or financing a solar system are estimates only and represent industry standards. Actual features and costs will vary depending on, but not exclusive to, factors such as the solar provider, purchase/finance terms and system capacity.