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Sunnova origination grinds to a halt following delayed dealer payments

Sunnova has largely stopped originating new business as the residential solar company struggles to pay dealers and explores restructuring options, said three sources familiar with the matter.

The Houston-based company halted originating deals in the first quarter, the sources said. Likewise, the company has taken offline a customer referral program. Sunnova has been working to move existing projects to completion, said two of the sources.

 

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