Name the 3 Products offered by Sunnova.
Lease, Loan PPA
List 3 additional services that can be bundled with solar and solar+battery or sold as a stand-alone loan.
EV-chargers/Generators/Roof replacement/Main panel upgrade and Tree trimming
Which product(s) offer a 25 year agreement term? Which product offers additional options of 10 and 15 year agreement terms?
All products have 25yr agreements. Loan products have the 2 additional agreement options
A customer must pass 3 requirements which are:
Good credit, service availability and meet underwriting criteria
What is an escalator?
An escalator allows a customer to pay a lower amount within the first year of their solar agreement in return for a small increase each year of the agreement.
List all the escalator rates provided by Sunnova.
0.9%,1.9%,2.9%,3.9%
What is the difference between a Lease, PPA and Loan agreement?
Lease- system rental; PPA- customer can own the system after their 5th anniversary and Loan- customer can immediately own the system
Define BUYOUT and specify which agreement uses this terminology.
PPA
Define PAYOFF and specify which agreement uses this terminology.
Loan
What are the ACH discounts for our Lease, PPA and Loan products?
Lease-$15, Loan-$10, PPA-10%
Can an escalator be added to all products?
No, only for Lease and PPA.
What products have a production guarantee or annual adjustment?
Production Guarantee- Lease&Loan ; Annual Adjustment- Ez/Flex PPA
