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Answer :
Final answer:
A Sunnova Power Purchase Agreement (PPA) enables customers to use solar energy generated by panels installed on their property by purchasing the electricity from Sunnova at a fixed rate, without paying for the solar equipment itself.
Explanation:
Understanding Sunnova's Power Purchase Agreement (PPA)
A Power Purchase Agreement (PPA) with Sunnova is a financial arrangement where customers agree to purchase the solar energy generated by solar panels installed at their home.
In this agreement, Sunnova provides, installs, and maintains the solar panels on the customer's property at no upfront cost. Instead of paying for the solar panel system itself, the customer pays for the electricity it produces, usually at a fixed rate that is often lower than the local utility rates.
This allows customers to take advantage of solar energy to power their homes without the large initial investment associated with purchasing a solar system outright.
Solar energy systems like those provided by Sunnova utilize photovoltaic (PV) panels to convert sunlight directly into electricity.
This is a direct transfer process where light energy displaces electrons in the semiconductive material of the solar cells, creating an electric current.
The energy from the solar panels can be used immediately or can be sent back to the grid if the system is grid-tied, providing a credit to the homeowner from the utility company.
Therefore, the correct answer to the student's question is option b) Customers purchase solar energy from Sunnova at a fixed rate.
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