Easy Save Simple
The Sunnova Easy Save Simple Plan makes solar power affordable and worry-free. There are no upfront costs, and you can count on a low kWh rate and industry-leading warranty coverage for the lifetime of your solar service agreement.
You’ll pay a fixed monthly amount over a 12-month period, with a slight annual adjustment if the estimated production differs from actual production. Solar production varies based on weather, time of day and season of the year. During the sunny summer months, solar systems produce more energy, but in the winter and on cloudy days, they produce less.
The Sunnova Easy Save Simple Plan takes the monthly fluctuation out of your bill and reduces your yearly electricity costs since you’ll only consume energy from the grid when your system isn’t producing power.1
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.
Save even more up front.
When you sign up for the Sunnova Easy Save Simple Plan, you have the option of including an escalator in your solar service agreement. The purpose of the escalator is to provide more savings in the early years of your agreement. You’ll pay a lower initial rate per kWh in return for a slight increase in your rate each year. The following illustration compares monthly payments over 25 years with and without an escalator.
Purchasing Power vs. Owning the System
The Easy Save Simple plan is a power purchase agreement (PPA). That means you’re purchasing the power your system generates, rather than the system itself1. It’s the same basic premise as paying for the electricity you consume from your utility’s grid, except power is coming from the panels on your roof. Customers on the Sunnova Easy Save Simple Plan have the option to purchase the system after five years of service, with continued warranty and insurance coverage. Ownership with no out-of-pocket expenses for maintenance and repairs10 is the solar equivalent of having your cake and eating it, too.
At-A-Glance Comparison of Sunnova Solar Service Plans
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|Easy Save Simple||Easy Save Monthly||Easy Own||Easy Save|
|Agreement term||25 years||25 years||25 years||25 years|
|Federal tax credit to homeowner6||No||No||Yes||No|
|24/7 system monitoring||Yes||Yes||Yes||Yes|
|Purchase option||Yes – ownership available after 5 years||Yes – ownership available after 5 years||Immediate ownership||No|
1 At the end of each 12-month period, Sunnova will evaluate your system’s actual energy production. If your system generates less energy than estimated, you’ll be paid the difference and your solar bill may be lowered. If your system generates more energy than estimated, your estimated kWh production and your monthly payment may increase slightly for the following year. However, your estimated annual production will never exceed 110% of the year-one estimate.
2 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. In that case, the escalator will be applied annually, so the monthly payment will increase at the beginning of each 12-month period, starting in year 2 of the service agreement.
3 Monthly payments will vary based on the solar system’s monthly production. With escalator, this will be applied annually, so the monthly payment will increase.
4 Monthly payments are fixed unless customer chooses not to make the optional additional payment in month 18, in which case payments will increase.
5 Monthly payments are fixed unless the service agreement has an escalator. In that case, the escalator will be applied annually, so the monthly payment will increase at the beginning of each 12-month period, starting in year 2 of the service agreement.
6 Homeowners may be eligible for a federal Investment Tax Credit (ITC) with the purchase of a solar system. To receive the full federal tax credit, they must have federal income tax liability at least equal to the value of the tax credit. If homeowners reside in a state that offers the Solar Renewable Energy Certificate (SREC), they must assign ownership of the SREC to Sunnova. Sunnova makes no guarantees regarding homeowner eligibility for tax benefits or SREC and does not provide tax advice.
7 Solar system’s cumulative production will be evaluated at the end of each 12-month service period to validate annual performance guarantee.
8 Solar system’s cumulative production will be evaluated each year, beginning on the third anniversary of the service agreement, to validate annual production guarantee. It doesn’t not apply for FL, HI and PR.
9 New homeowner is required to meet Sunnova’s credit requirements. Refer to your agreement for conditions and limitations.
10 Refer to the Limited Warranty in the customer’s agreement for complete warranty terms and limitations.
11 Sunnova does not offer system monitoring in the state of Florida.