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  "documentTitle": "Sunnova Energy International Inc. (NOVA)",
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      "text": "We believe that although third-party ownership will not disappear as the market continues to shift towards loans, companies such as Sunnova that rely heavily on volume and economics of third-party ownership will be negatively affected.",
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      "text": "Loanpal Now No. 1 In The Booming Solar Loan Market – December 11, 2019\nSolar loans started outperforming third-party-owned solar in early 2018.\nAccording to a new WoodMac report, the first half of 2019 saw loans claim a majority of the solar financing market first time, at 55 percent market share.\nLoan providers are continuing to build networks of installer partners around the country. Many are also looking to home storage loans and the lower- and moderate-income customer segment for growth — including the newly minted top solar loan provider, Loanpal.\nThe solar loan market grew by 40 percent year-over-year in the first half of 2019. Solar lending companies and traditional lending sources have expanded their solar loan offerings, giving installers and consumers more financing options.\nSmaller installers are driving much of the growth. These installers can find it difficult to partner with TPO providers, and as WoodMac noted earlier this year, many are embracing loan products as a result.",
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      "text": "For those customers unable to purchase outright, there is a shift towards loans from leases and PPA agreements. Within the solar loan market, Sunnova faces significant competition from existing players, new entrants and traditional financing solutions looking to grow share of solar loans. Another trend of smaller installers growing share is contributing to the growth of solar loans over third-party ownership. We believe that although third-party ownership will not disappear as the market continues to shift towards loans, companies such as Sunnova that rely heavily on volume and economics of third-party ownership will be negatively affected.",
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      "text": "Solar loans started outperforming third-party-owned solar in early 2018. — Loanpal Now No. 1 In The Booming Solar Loan Market",
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      "text": "Source: Greentech Media",
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      "text": "Shift From Leases & PPAs To Loans",
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