Sunnova Energy International is increasing its vitality service choices to the business photo voltaic market, citing the passing of the Inflation Discount Act as a key purpose. The IRA is predicted to extend deployment of business photo voltaic tasks by 20% over the subsequent 5 years, in response to the SEIA/Wooden Mackenzie Energy & Renewables U.S. Photo voltaic Market Perception report.
With the enlargement of Sunnova’s vitality providers into the underserved business market, companies will be capable to take management of their vitality prices by transitioning to photo voltaic, gaining resilient backup energy, and tapping into obtainable income streams corresponding to promoting extra photo voltaic vitality again to the grid or taking part in native grid providers.
“Electrical energy utilization may be one of many greatest and most unpredictable prices dealing with companies, and unexpectedly shedding energy as a result of a utility outage can create further expense and hardship,” stated William J. (John) Berger, founder and CEO at Sunnova. “We see a major development alternative within the business photo voltaic market that may be a pure extension of our market-leading providers on the residential facet.”
With a complete addressable market of roughly 145 GW that’s solely 5% penetrated, in response to Wooden Mackenzie, Sunnova shall be leveraging its community of sellers who’ve wished to promote business photo voltaic, or who already do, to facilitate a fast market entry.
“We’re excited to enter this underserved sector of the market to assist companies handle their vitality wants with a differentiated and revolutionary method,” stated Michael Grasso, EVP, Chief Advertising and Development Officer at Sunnova. “Sunnova will provide companies an entire suite of vitality applied sciences, finance choices, and providers tailor-made to satisfy their particular vitality wants, enterprise targets, and native utility fee buildings.
Together with its expertise, Sunnova is selling its 25-year service assure, the Sunnova Defend Marketing strategy, as vital a part of its entry into C&I.
Sunnova may even present versatile financing choices for programs beginning at 50 kW which can be catered to the preferences and tax standing of every enterprise.
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