Houston’s Sunnova Energy to sell assets in $118M bankruptcy deal. Here's what customers should know.

Claire Hao | Source: Houston Chronicle | Posted 08/02/2025

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Houston solar company Sunnova Energy can proceed with the sale of almost all of its assets to a group of lenders and entities controlled by GoodFinch Management, a climate-focused investment firm, a bankruptcy judge ruled Thursday.

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Houston-based Sunnova Energy has received approval from a bankruptcy judge to sell nearly all of its assets to GoodFinch Management, a climate-focused investment firm, as part of its Chapter 11 bankruptcy proceedings. The sale, valued at approximately $118 million, includes both cash and a credit bid, and is expected to close in August. This marks a significant turnaround for Sunnova, which had previously laid off over half of its workforce in an effort to cut costs before filing for bankruptcy in June.

For customers, Sunnova assures that there will be full continuity of service for nearly all existing systems during the transition to new ownership. There are currently no changes to billing or contract rates, and customers are advised to continue making payments as usual. Austin-based SunStrong Management will take over the servicing of Sunnova's systems, and the company has also engaged GoodLeap to assist with the completion of ongoing projects.

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Houston’s Sunnova Energy to sell assets in $118M bankruptcy deal. Here's what customers should know.

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