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Customer Agreements, ITC Incentives Drive Sunnova’s Q3 Revenue Growth

Cumulative solar power generation under management increased 26% YoY to 2.9 GW

November 4, 2024

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U.S.-based residential solar firm Sunnova Energy reported a revenue of $235.3 million in the third quarter (Q3) of 2024, up 19% year-over-year (YoY) from $198.4 million in the corresponding quarter last year. The revenue growth was driven by a rise in customer agreements and incentives revenue, which increased by $49.3 million YoY.

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