EZ Own Plan

Experience the benefits of owning your solar system without the hassles and operational costs associated with traditional paths to ownership. With the Sunnova Easy Own Plan, you’ll enjoy a low APR monthly payments, as well as guaranteed production levels and industry-leading warranty coverage for the lifetime of your solar service agreement. You may also be eligible to receive federal and local tax credits.2

The Sunnova EZ Own Plan offers a wide range of benefits that aren’t available with most conventional ownership programs. See for yourself.


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BENEFIT SUNNOVA EZ OWN PLAN TRADITIONAL FINANCING
$0 down and low APR

Yes.

Homeowner pays nothing up front and enjoys a low APR for full agreement term3

Maybe.

Down payments are often required and APR depends on lender
Quick credit approval

Yes.

Homeowner easily qualified with one phone call

Maybe.

Credit approval timelines can vary widely
Low kWh rate and monthly payments10

Yes.

Payments are fixed1, keeping the kWh rate low throughout agreement term

Maybe.

kWh rate and payment terms vary by provider
Investment Tax Credit (federal and state)2

Yes.

Federal tax credit is 30% of solar system investment; state tax credits vary

Yes.

Federal tax credit is 30% of solar system investment; state tax credits vary
Best-in-class warranty package

Yes.

Total system cost includes maintenance and repairs, so there are no additional out-of-pocket expenses for the customer11

Maybe.

Not typically included
Transferable service agreement

Yes.

Agreement is transferable in the event of a home sale12

No.

Homeowner must pay loan in full, regardless of time
System monitoring and production guarantee10

Yes.

Sunnova provides 24/7 monitoring and guarantees power production as outlined in the solar service agreement

Maybe.

System monitoring is often left to homeowner
Early payment without penalty

Yes.

No penalties or fees for early payoff, and warranty continues for full agreement term

Maybe.

Homeowner may be subject to costs and fees when paying the loan in full prior to the final payment date

Payments vs. Production10

Although payments on the Sunnova Easy Own Plan are the same1 from month to month, solar production varies based on factors like the weather, time of day and season of the year. Your system is guaranteed to produce a certain amount of energy over the annual cycle. If production levels fall short for a given year, you’ll be credited for the difference. If your system produces more energy than is guaranteed for a year, great news -- the surplus is yours at no additional charge.4

When your system isn’t producing sufficient power, the utility grid will supply electricity for your home. Since your electricity consumption will be limited to mostly nights and cloudy days, your annual electricity costs should be significantly less than before going solar.

EZ Own Solar Savings

If your utility company provides credit for any excess energy your system produces and sends to the grid, this may help offset your consumption charges and further reduce your total electricity costs. Learn more about net metering.

Understanding EZ Own Plan Lingo:

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EASY OWN PLAN TERMINOLOGY WHAT IT MEANS
Total System Cost Cost of all solar system components; includes maintenance and repairs for the lifetime of the agreement.11
Optional Down Payment Customer may choose to provide a down payment of up to $1,000; however, it isn’t required.
Total Amount Financed Total system cost minus any down payment or rebates.
APR Annual Percentage Rate will vary by state and is fixed for the full 25-year agreement term; customers receive a 0.5% APR discount for having monthly payments automatically deducted from their bank account.
Term The duration of the solar service agreement.
Guaranteed Production10 The amount of energy we promise a system will generate; if the system doesn’t produce the guaranteed amount for a given year, customer will be credited for the difference4.
Optional Additional Payment An optional additional payment of 30% of the system cost to the loan; made during month 18 of service to increase the lifetime savings you see from your system. If not made in month 18, monthly payment will increase in month 19.

At-A-Glance Comparison of Sunnova Solar Service Plans

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  Easy Save Simple Easy Save Monthly Easy Own Easy Save
Upfront cost $0 $0 $0 $0
Monthly payment Steady5 Varies6 Steady1 Steady7
Purchase option Yes – ownership available after 5 years Yes – ownership available after 5 years Yes – immediate ownership No
Sunnova warranty Yes Yes Yes Yes
Agreement term 25 years 25 years 25 years 25 years
Federal tax credit to homeowner No No Yes No
Production guarantee Yes8 No Yes4,10 Yes4
24/7 system monitoring Yes Yes Yes10 Yes
Transferable agreement9 Yes Yes Yes Yes
Purchase option Yes – ownership available after 5 years Yes – ownership available after 5 years Yes – immediate ownership No


1 Monthly payments are fixed unless you choose not to make the optional additional payment in month 18.

2 You may be eligible for a federal Investment Tax Credit (ITC) with the purchase of a solar system. To receive the full federal tax credit, you must have federal income tax liability at least equal to the value of the tax credit. Additional tax credits may also be available for homeowners in certain states. Sunnova makes no guarantees regarding customer eligibility for tax benefits or SRECs. Sunnova does not provide tax advice. Contact your personal tax advisor for eligibility.

3 Annual Percentage Rate (APR) varies by state.

4 Your solar system’s cumulative production will be evaluated each year, beginning on the third anniversary of your service agreement.

5 Easy Save Simple Plan monthly payments are fixed over a 12-month period and may be adjusted annually to more accurately reflect actual production, or to incorporate any escalator that may be included in the solar service agreement.

6 Easy Save Monthly Plan monthly payments will vary based on solar system production.

7 Although the Easy Save Plan provides fixed payments, they may be adjusted annually to reflect any escalator that is included in the solar service agreement.

7 Solar system’s cumulative production will be evaluated at the end of each 12-month service period to validate annual performance guarantee.

9 New homeowner is required to meet Sunnova’s credit requirements. Refer to your agreement for conditions and limitations.

10 In the state of Florida, Sunnova does not offer production guarantee or 24/7 system monitoring. Restrictions apply. Refer to your service agreement for complete terms and limitations.

11 Refer to the Warranty Agreement in the contract for complete warranty terms and limitations.

12 Service agreement can be transferred to the new homeowner. Sunnova’s approval required. Some restrictions apply..

12 Service agreement can be transferred to the new homeowner. Sunnova’s approval required. Some restrictions apply..