Tag: Sunnova
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DOE guarantees over $3 billion in solar loans tied to Sunnova’s Project Hestia
It is official: The U.S. Department of Energy (DOE) Loan Programs Office (LPO) signed an historic agreement last week to partially guarantee over $3 billion in loans originated by residential solar + storage installation company Sunnova via its new solar loan channel, “Project Hestia.” We first reported on this conditional agreement in April. The aim……
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Sunnova offers battery for multifamily homes via FranklinWH
Sunnova Energy International added FranklinWH Energy Storage to its approved vendor list earlier this year. The two are now teaming up to launch a 120/208V compliant battery for multi-family homes that will be offered exclusively by Sunnova New Homes. “Each 208-volt battery has 13.6 kWh of storage capacity, perfect for multi-family communities,” said Dirk Korte,……
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Sunnova, Amica teaming up to offer solar + storage + insurance
Sunnova Energy International is teaming up with Amica Insurance, an auto, home and life insurance company. Sunnova and Amica will work together to provide a combined solution of clean energy and insurance to homeowners across the U.S. “Through this partnership with Sunnova, our customers and employees across the country now have access to innovative and……
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Details on Sunnova’s $3 billion loan guarantee from Department of Energy
Sunnova Energy International received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) to provide up to a $3 billion partial loan guarantee for projects tied to a new solar loan channel named “Project Hestia” squarely focused on disadvantaged communities. The DOE loan guarantee would be issued pursuant to Title……
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California net billing is here – and so are these NEM 3.0 battery storage deals
California’s net billing tariff era (NEM 3.0) is officially upon us starting April 15. Net billing drastically reduces the value of solar energy via lower compensation on export rates and complex hourly pricing. This effectively forces new solar customers to adopt batteries to store that excess production to self-consume later, and/or export more strategically, if……