Sunnova, a US residential solar installer, has made its entry into the US Virgin Islands market, aiming to seize the opportunities presented by the region's electricity prices. With rates at approximately US$0.43 per kilowatt-hour (kWh), which is three times higher than the average power price in the US, Sunnova sees the price disparity as a chance to provide a superior energy service at a more affordable cost. By doing so, the company intends to alleviate financial burdens for homeowners and businesses while encouraging the adoption of clean and reliable solar energy.
This expansion signifies Sunnova's presence in its 42nd market for solar and battery storage services. The company emphasizes its experience gained over a decade of operating in Puerto Rico, where it witnessed the pressing need for reliable power following the destructive impact of Hurricane Maria in 2017.
Michael Grasso, Sunnova's Chief Revenue Officer, stressed the importance of offering dependable energy services to homeowners and businesses in the US Virgin Islands, especially in light of the escalating frequency and severity of extreme weather events.
Grasso cited Sunnova's successful track record in island markets such as Puerto Rico, Hawaii, Guam, and Saipan, underscoring the significant positive impact the company can have on its customers. With enthusiasm, Grasso expressed the company's determination to replicate that success in the US Virgin Islands.
