Sunnova Raises $145 Million to Fund Rapid Growth

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Sunnova Energy Corporation announces new funding of $145 million. The company, which has been growing rapidly, plans further growth with the new funding.

Residential solar provider Sunnova Energy Corporation announced today that it has secured $145 million in financing to accelerate customer acquisition and market growth. 

“We are proud to be joined by very successful energy investors and institutions. Not only have we significantly increased our capital base, we have attracted a wealth of entrepreneurial and business experience to Sunnova,” said William J. (John) Berger, Chairman and Chief Executive Officer, in a statement.

 

Sunnova says it provides solar service in more states and U.S. territories than any other provider in the nation. The company has been growing, fueled by the increased demand for a hassle-free, long-term solution to rising utility costs. Sunnova plans further growth with the new funding.

 

Sunnova offers solar service through its network of local installation partners who work directly with homeowners. Sunnova maintains solar service agreements with each homeowner.

 

“Sunnova is focused on being a stable and efficient partner to our authorized dealers and installation partners,” said Berger. “Our customers can depend on us to provide them with low-cost, reliable electricity service over the long term.”