Sunnova and PetersenDean Partner to Deliver Integrated Solar Solutions to California Homebuilders
August 14 2019 - 11:23AM
Business Wire
Sunnova Energy International Inc. (NYSE: NOVA), one of the
leading U.S. residential solar and battery storage service
providers, today announced a new strategic partnership with
PetersenDean Roofing & Solar, one of the largest full-service,
privately-held roofing and solar companies in the United
States.
Working together, Sunnova and PetersenDean will deliver
Sunnova’s solar and storage services to homebuilders across
California.
California continues to lead the nation in residential solar and
is expected to grow significantly because of the California Energy
Commission solar mandates. This far-reaching energy policy was
adopted last year and requires solar photovoltaic (PV) electric
systems to be installed on virtually every new residential dwelling
built in the state. It will apply to all houses, condos and
apartment buildings up to three stories that secure building
permits after January 1, 2020.
“This innovative partnership will enable homebuilders to
affordably and easily meet the new California solar requirements
with an integrated solution,” said John Berger, Chief Executive
Officer of Sunnova. “We chose PetersenDean because we want a
strategic partner with the labor force and experience in both
roofing and solar to execute the volume and demand we expect from
the mandates. PetersenDean will be a valuable partner for Sunnova,
creating a seamless customer experience, from sales to solar
installation.”
“We are a roofing and solar contractor with a large labor
force so we can provide turnkey solutions for builders, who in turn
can provide more options to their buyers. Through our partnership
with Sunnova, we can now offer home builders expanded product
offerings that include leases or power purchase agreements,” said
Mark Vogel, President and Chief Operating Officer at PetersenDean
Roofing & Solar, builder division. “This will give the home
builders we work with the flexibility they need to meet their
buyers’ needs, which will be extremely important, especially in
California which is getting ready for the mandates.”
ABOUT SUNNOVA Sunnova is a leading residential solar and energy
storage service provider, serving customers in more than 20 U.S.
states and territories. Our goal is to be the leading provider of
clean, affordable and reliable energy for consumers, and we operate
with a simple mission: to power energy independence. For more
information, visit www.sunnova.com, follow us on Twitter
@Sunnova_Solar and connect with us on Facebook.
ABOUT PETERSENDEAN ROOFING & SOLAR
Founded in 1984 by Jim Petersen, PetersenDean specializes in new
residential and commercial construction, working with some of the
nation’s largest builders and developers. With more than a million
roofs under its belt, the Fremont, CA-based company employs 3,000
workers and operates in seven states: Arizona, California, Florida,
Hawaii, Nevada, Oklahoma and Texas. Please visit
http://www.petersendean.com/ for more details.
FORWARD-LOOKING STATEMENTS This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements generally relate to future events or Sunnova’s future
financial or operating performance. In some cases, you can identify
forward looking statements because they contain words such as
"may," "will," "should," "expects," "plans," "anticipates,” “going
to,” "could," "intends," "target," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these words or other similar terms or expressions
that concern Sunnova’s expectations, strategy, priorities, plans or
intentions. Forward-looking statements in this release include, but
are not limited to, statements regarding the growth of residential
solar, the success, timing and scope of the partnership, and the
ability of home builders to meet the California regulatory
requirements. Sunnova’s expectations and beliefs regarding these
matters may not materialize, and actual results in future periods
are subject to risks and uncertainties that could cause actual
results to differ materially from those projected, including risks
regarding our ability to forecast our business due to our limited
operating history, our competition, fluctuations in the solar and
home-building markets, our ability to attract and retain dealers
and customers and our dealer and strategic partner relationships.
The forward-looking statements contained in this release are also
subject to other risks and uncertainties, including those more
fully described in Sunnova’s filings with the Securities and
Exchange Commission, including Sunnova’s prospectus filed pursuant
to Rule 424(b) under the Securities Act of 1933, as amended, on
July 26, 2019 and in our Quarterly Report on Form 10-Q that will be
filed on a later date. The forward-looking statements in this
release are based on information available to Sunnova as of the
date hereof, and Sunnova disclaims any obligation to update any
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190814005547/en/
Kelsey Smith Sunnova Energy International Inc.
publicrelations@sunnova.com OR Christine Rombouts On behalf
of PetersenDean Roofing & Solar 949.631.1557
/crombouts@ca.rr.com
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