Sunnova Energy International Inc. announced it will be launching an energy plan that will offer new customers a fixed percentage discount to prevailing utility prices and a 25-year market-based rate, all to offer price confidence to consumers regardless of volatile energy costs. The market-based rate will be a new solar rate option within Sunnova's Easy Plan™ Power Purchase Agreement (PPA). Unlike traditional solar plans, where a customer's rate is set at contract and often escalates annually, the market-based solar rate will move with the market.

Sunnova will monitor utility prices (which include taxes and other charges), and on an annual basis proactively adjust its customers' pricing to the targeted discount percentage rate for that year. While the discount percentage will vary by market and utility, Sunnova customers selecting this plan will receive the same discount percentage vs. their local utilities' prices over the life of the contract.

This will enable customers to produce clean, reliable energy right from their rooftop while also paying a lower price than the utility's, with confidence that their annual price is being adjusted to help them avoid volatility in the market. This new product launch will further Sunnova's portfolio of offerings that allow customers to take control of their home energy costs by going solar. Sunnova leads the industry in energy services and Sunnova's Easy Plan PPA allows customers to buy down their PPA rate to reduce their bill up to 100%, choose between monthly generational or levelized billing and will now allow Sunnova customers to get a specified discount from their local utility prices for the full 25 years of their energy service agreement.