Sunnova’s Continuing Mess: Buyer Beware (Part II)
“The Sunnova case has become a cautionary tale in the solar industry, underscoring the importance of keeping all documentation … researching a company’s financial health before signing contracts. understanding all terms, especially service and maintenance obligations … avoiding tying financing solely to the installer.” (below)
MasterResource has chronicled the rise and fall of Enron-ex John Berger’s rooftop solar company, Sunnova Energy International Inc. [1] The whole rooftop solar proposition was dicey, even with taxpayer and ratepayer subsidies. “Subsidies like the DOE’s guarantees can incentivize firms to prioritize short-term gains over long-term compliance,” observed Issac Lane. “Sunnova’s aggressive sales tactics, which targeted vulnerable consumers, were enabled by its belief that federal backing insulated it from accountability.”
What is the latest, where Berger exited with millions of dollars and almost everyone else footed his bill (including taxpayers)?
…
The post Sunnova’s Continuing Mess: Buyer Beware (Part II) appeared first on Master Resource.
Source: https://www.masterresource.org/sunnova-john-berger/buyer-beware-sunnova-post-bankruptcy/
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