Houston-based Sunnova Secures $80 Million in Tax Equity Commitments
March 15,2017
Houston-based Sunnova Energy Corporation, a residential solar service provider, announced it has obtained $80 million in tax equity funding commitments from U.S. Bancorp Community Development Corporation (USBCDC) which the company said will enable the development of new residential solar projects with a total value of more than $200 million.
Sunnova intends to use the funds to further its growth in the residential solar market through affordable solar service options for homeowners. To date, Sunnova has raised more than $1.5 billion from equity and other financing transactions.