Sunnova Calls for Additional Aid Measures in the Disaster Supplemental

With Half of Puerto Rico Still Without Power, Solar Provider Leads
Call for Immediate Action

WASHINGTON–(BUSINESS WIRE)–$solar #PuertoRico—Sunnova
Energy Corporation, a leading residential solar service provider,
today called on Members of Congress to aid in power restoration efforts
for the people of Puerto Rico, 45% of which still lack electricity more
than three months after Hurricane Irma and Maria made landfall.

Sunnova, the largest residential solar service provider in Puerto Rico,
has been working alongside a number of suppliers, companies and
organizations to push for policy solutions and aid measures in the
upcoming disaster supplemental that would support the construction of a
more resilient, reliable power system in Puerto Rico. Sunnova believes
that a viable policy solution would be to modify the existing Investment
Tax Credit (ITC) into a cash grant for disaster-hit U.S. territories.
Such a solution would leverage the investment of private capital into a
market that desperately needs it, while at the same time strengthening
the island’s energy infrastructure and helping prepare it for the next
inevitable storm.

“Sunnova supports including a provision in the disaster supplemental
that would authorize a cash grant in lieu of the ITC for U.S.
territories recovering from disasters,” said Sunnova Energy
Corporation’s Chief Executive Officer, William J. (John) Berger. “This
would spur the development and construction of resilient, renewable
energy options for businesses and residents in Puerto Rico and the USVI.”

Berger added, “We believe this proposed solution is paramount to the
future reliability of Puerto Rico’s energy infrastructure. As Congress
continues its work on the disaster supplemental, it is imperative that
they remember that Puerto Rico’s energy recovery strategies need to be
reliable, flexible, affordable and resilient—and utilize the energy
sources that are most impactful for the island.”

The ITC grant solution includes the following provisions:

• The Investment Tax Credit would be replaced by a cash grant
• The cash grant option will be limited to U.S. territories recovering
  from disasters
• This provision will sunset in three years
• The costs shall be limited to cost per MW per Treasury guidance or
  cost paid to a third party to construct
• The paperwork shall be limited for grants under $20k
• The grant would be contingent on service date, not ‘placed in service’
  date, due to difficulties connecting to the grid right now

About Sunnova

Sunnova is a leading U.S. residential solar and storage service provider
whose mission is to help power solar, savings, reliability and most
importantly, life, forward. Offering various rooftop solar system
solutions, Sunnova provides its customers with the opportunity to
customize their own systems. Sunnova isn’t simply a solar company, but a
power provider that offers people a brilliant choice for energizing
their lives. For more information, visit sunnova.com,
follow us on Twitter @Sunnova_Solar and connect with us on Facebook.

Contacts

Sunnova Energy Corporation
Kelsey Smith, 802-272-6375
[email protected]