Sunnova Energy Corporation is expanding into Illinois’ burgeoning solar scene, offering solar leases right now and a loan product that will begin later this month.
“Thanks to a solar-friendly regulatory landscape, Illinoisans are now able to contract for greater energy savings and greater service through Sunnova’s 25-year Sunnova Protect warranty,” said William J. (John) Berger, Chief Executive Officer of Sunnova Energy Corporation. “Recent changes in policy surrounding the Illinois Solar Renewable Credit (SREC) program have opened up generous incentives, allowing consumers to undercut local utility rates.”
With strong state incentives and rising utility prices, the company believes Illinois is primed for a solar energy boom as it continues to demonstrate a strong commitment to solar energy. In 2016, the Illinois Power Agency (IPA) laid out a plan to acquire 25 percent of Illinois’ energy from renewable sources by 2025—a requirement from the federal Future Energy Jobs Act. According to Wood Mackenzie, in 2017, Illinois ranked 33rd among states in solar growth but is expected to rise to number 13 in solar growth over the next five years.