Sunnova raises $145m for growth

Sunnova Energy says it has raised $145m to “to accelerate customer acquisition and market growth” in its residential solar leasing business.

The upstart Houston-based company says it attracted “very successful energy investors and institutions” but did not name them.  Chris Wailes, a spokesman, was unavailable for comment.

Sunnova has solar service agreements with homeowners in 19 states and Puerto Rico.

Sunnova contractors install panels the company owns and then enter long-term leasing deals with homeowners that pay for electricity generated. The panels displace an average 70% of power normally purchased from the utility.

 

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