August 7, 2014
HOUSTON, TX — Sunnova Energy Corporation announced today it has secured an additional $110 million in financing specifically allocated to support the growth of its solar service offering to homeowners and promote strategic market expansion.
The $110 million joins the previously announced $145 million to facilitate an increase in new customers.
“We are seeing huge customer growth as more customers recognize the value of choosing Sunnova’s power service over existing utilities and over other solar service providers,” said William J. (John) Berger, Chief Executive Officer of Sunnova. Sunnova has rapidly become one of the fastest growing solar power companies and is quickly becoming one of the largest in the industry.
Sunnova provides solar service covering more states and U.S. territories than any other provider in the nation. Building on this momentum, Sunnova will use the additional financing to increase solar service adoption in the 23 states and territories the company currently serves. The funding will also help expand the program’s reach into new markets, saving homeowners across the United States thousands of dollars per year on their escalating power bills.