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.
What products have a production guarantee or annual adjustment?
Production Guarantee- Lease&Loan ; Annual Adjustment- Ez/Flex PPA
List all the escalator rates provided by Sunnova.
0.9%,1.9%,2.9%,3.9%
Name the 3 Products offered by Sunnova.
Lease, Loan PPA
Can an escalator be added to all products?
No, only for Lease and PPA.
A customer must pass 3 requirements which are:
Good credit, service availability and meet underwriting criteria
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
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
What are the ACH discounts for our Lease, PPA and Loan products?
Lease-$15, Loan-$10, PPA-10%
Define BUYOUT and specify which agreement uses this terminology.
PPA
Define PAYOFF and specify which agreement uses this terminology.
Loan
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