Home Discount rate Sunnova now offers a fixed discount on local utility rates

Sunnova now offers a fixed discount on local utility rates

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The “solarcoaster” has been in full swing lately, with controversial net metering decisions looming and federal incentive extensions perpetually suspended. To protect against this volatility, Sunnova Energy International is launching an energy plan with a fixed percentage discount off prevailing utility prices and a 25-year market-based tariff.

The idea is to offer price confidence to consumers regardless of energy cost volatility. The market-based tariff will be a new solar tariff option under Sunnova’s Easy Plan Power Purchase Agreement (PPA). Unlike traditional solar plans, the market-based solar tariff will scale with the market. Sunnova will monitor utility prices (which include taxes and other charges) and proactively adjust prices for its customers on an annual basis to the discount percentage rate targeted for that year.

“For the first time, homeowners will be able to take advantage of a fixed discount on their local utility electricity rates and charges for 25 years,” said Michael Grasso, executive vice president, chief marketing and growth.

Although the percentage discount varies by market and utility, Sunnova customers who choose this plan will receive the same percentage discount from their local utility prices during the term of the contract. Customers can ensure they are paying a lower price than the utility and avoid market volatility.

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