Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding Legend Pre-ARD Cash Flows Post-ARD Cash Flows $ millions Series Issuer EU RR? ARD 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 TOTAL 2019-A HELIII Yes 6/20/2029 $9.8 $13.0 $12.9 $12.3 $11.9 $11.6 $11.3 $11.0 $10.8 $10.5 $10.2 $11.7 $10.3 $9.4 $1.9 $0.0 $0.0 $0.0 $- $- $- $- $- $- $- $158.6 2020-A HELIV Yes 6/20/2027 9.9 13.2 13.0 12.3 11.7 11.2 10.9 10.6 10.4 10.0 9.7 9.4 9.1 12.1 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 156.0 2021-A HELV Yes 2/20/2028 10.8 14.3 14.2 13.4 13.0 13.1 12.7 12.4 12.1 11.6 11.2 10.9 10.6 10.3 9.5 7.5 - - - - - - - - - 187.6 2021-B HELVI Yes 7/20/2028 14.7 19.6 19.4 18.2 17.8 18.2 17.7 17.2 16.8 16.1 15.3 14.8 14.4 14.0 13.0 23.8 5.0 0.0 0.0 0.0 - - - - - 276.2 2021-C HELVII Yes 10/20/2028 9.9 13.1 13.7 13.0 12.3 11.9 11.6 11.3 11.0 10.7 10.3 9.9 9.6 9.3 8.7 8.3 7.5 - - - - - - - - 182.0 2022-A HELVIII Yes 2/20/2029 20.3 27.0 26.7 25.0 24.9 24.8 24.1 23.5 22.9 22.2 21.5 20.6 20.0 19.5 18.0 17.3 17.0 1.4 - - - - - - - 376.8 2022-B HELIX Yes 8/20/2029 19.1 25.5 25.2 23.7 22.0 20.7 20.2 19.6 19.1 18.5 18.5 19.2 18.6 18.1 16.7 28.2 16.7 4.1 0.0 0.0 0.0 - - - - 353.7 2022-C HELX No 11/20/2027 19.7 26.2 25.8 23.5 22.2 21.5 20.8 20.3 20.1 20.9 20.3 19.3 18.7 18.2 16.7 16.2 15.8 19.0 0.0 0.0 0.0 - - - - 365.3 2023-A HELXI No 5/20/2028 24.4 32.3 32.0 30.3 28.6 27.6 26.8 26.1 25.4 25.7 25.9 24.9 24.1 23.4 21.5 20.8 20.5 33.1 5.0 0.0 0.0 0.0 - - - 478.6 2023-B HELXII No 8/20/2028 20.2 26.8 26.6 25.5 24.0 23.7 23.9 23.3 22.7 22.1 21.5 20.8 20.0 19.5 17.8 17.2 22.3 17.6 6.8 0.0 0.0 0.0 - - - 402.3 2024-A HELXIII No 2/28/2031 19.0 25.3 25.1 24.4 23.5 22.8 21.7 21.1 20.5 20.7 20.2 19.6 18.8 18.3 16.8 16.2 22.3 16.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 373.7 2024-B HELXIV No 6/20/2034 19.7 29.2 29.0 28.0 27.0 26.3 25.7 25.1 24.6 23.6 22.8 22.2 21.4 20.8 19.1 18.5 32.9 18.9 1.4 0.0 0.0 0.0 0.0 0.0 0.0 436.2 2023-GRID-1 Hestia I No 8/20/2028 21.9 29.1 28.8 27.3 25.6 24.7 24.1 23.5 22.9 22.3 21.6 20.8 21.2 21.1 19.4 31.4 19.6 18.4 1.1 0.0 0.0 0.0 - - - 424.7 2024-GRID-1 Hestia II No 6/20/2034 15.2 20.7 20.5 20.0 19.3 18.7 18.3 17.8 17.4 16.6 15.9 15.3 14.6 14.2 13.0 12.6 21.8 13.4 1.0 0.0 0.0 0.0 0.0 0.0 0.0 306.4 Total Loan Unlevered Free Cash Flows $234.6 $315.1 $312.9 $297.1 $283.9 $276.8 $269.8 $262.9 $256.3 $251.7 $245.0 $239.6 $231.6 $227.9 $194.5 $218.0 $201.4 $142.2 $16.6 $0.2 $0.1 $0.0 $0.0 $0.0 $0.0 $4,478.2 Cumulative $234.6 $549.7 $862.6 $1,159.7 $1,443.5 $1,720.3 $1,990.2 $2,253.1 $2,509.4 $2,761.1 $3,006.0 $3,245.6 $3,477.3 $3,705.2 $3,899.6 $4,117.6 $4,319.0 $4,461.2 $4,477.8 $4,478.0 $4,478.1 $4,478.1 $4,478.1 $4,478.2 $4,478.2 2018-1 HELII No 1/20/2029 15.3 19.7 20.0 20.2 20.3 20.5 20.6 20.8 21.0 21.1 21.5 21.7 21.7 21.8 19.4 17.8 13.1 2.2 3.4 0.0 0.0 0.0 - - - 342.0 2019-1 RAYS No 4/30/2031 8.8 11.6 11.9 11.9 12.1 12.2 12.5 13.8 14.0 14.2 14.4 14.6 27.3 16.6 16.9 17.1 17.3 14.7 2.2 0.0 0.0 0.0 0.0 - - 264.3 2020-1 SOLI Yes 1/30/2030 21.6 28.4 29.0 29.5 29.8 30.1 30.5 30.9 32.8 35.0 35.4 35.2 35.6 36.0 35.8 30.8 55.5 32.0 27.9 11.4 0.3 0.0 0.0 0.0 - 633.4 2020-2 SOLII Yes 10/30/2030 12.5 19.2 19.6 19.9 20.0 20.2 20.4 20.7 20.9 21.1 21.6 21.7 21.9 22.1 22.3 22.5 32.3 26.0 25.1 24.3 6.9 0.0 0.0 0.0 - 441.3 2021-1 SOLIII Yes 4/30/2031 20.1 28.9 30.2 30.5 30.6 30.9 31.1 31.3 31.5 32.7 33.9 34.1 33.4 33.7 33.9 29.2 35.2 16.2 16.3 16.4 11.6 0.6 0.0 0.0 0.0 592.4 2022-1 SOLIV Yes 6/30/2029 25.2 33.3 37.3 36.4 36.2 36.0 35.8 35.6 35.4 35.1 34.9 34.7 34.4 31.8 31.2 33.4 29.6 27.9 28.1 28.2 27.4 9.0 2.8 2.7 2.6 705.1 2023-1 SOLV No 7/30/2028 19.5 25.9 26.7 31.4 31.1 31.2 31.3 31.4 31.5 31.5 33.7 34.4 34.5 34.5 32.5 32.5 32.5 29.2 27.1 27.3 27.4 26.2 9.2 1.0 1.0 674.4 2024-1 SOLVI No 4/30/2032 14.2 19.0 19.2 19.3 20.9 21.7 22.2 22.2 22.2 22.2 22.3 23.6 24.5 24.5 24.5 22.8 22.8 22.8 19.5 17.3 17.4 33.5 19.3 9.9 0.1 508.0 2024-2 SOLVII No 7/30/2033 21.7 29.1 29.6 29.7 31.6 33.7 34.6 34.7 34.9 35.1 35.3 35.5 35.7 35.9 36.1 35.0 37.2 37.4 37.6 63.0 41.2 40.7 40.8 34.0 3.1 863.1 2024-3 SOLVIII No 7/30/2033 19.9 26.7 27.1 27.4 28.5 29.0 29.2 29.4 29.6 29.8 30.0 30.2 30.4 30.6 30.8 31.0 31.4 31.6 31.8 32.0 32.2 50.0 35.7 24.9 0.9 729.8 2024-PR1 Aurora I No 1/30/2030 18.2 24.1 24.2 24.3 25.5 27.0 26.8 26.5 26.3 26.0 25.8 25.5 25.3 25.0 24.8 24.5 24.2 24.0 54.7 26.9 26.7 26.4 23.8 6.2 0.0 612.9 2025-P1 SOLIX No 1/30/2033 18.5 24.9 25.3 25.8 25.9 28.0 31.2 31.4 31.5 31.7 31.9 32.1 32.3 32.5 32.7 32.9 33.1 34.4 56.4 37.9 38.2 38.5 38.7 38.1 7.4 791.4 Total TPO Unlevered Free Cash Flows $215.5 $290.7 $300.1 $306.2 $312.5 $320.7 $326.2 $328.7 $331.6 $335.7 $340.6 $343.3 $356.8 $344.8 $340.8 $329.5 $364.3 $298.4 $330.0 $284.8 $229.3 $224.9 $170.4 $116.9 $15.1 $7,158.1 Cumulative $215.5 $506.2 $806.3 $1,112.5 $1,425.0 $1,745.6 $2,071.9 $2,400.6 $2,732.2 $3,067.9 $3,408.6 $3,751.8 $4,108.6 $4,453.5 $4,794.3 $5,123.8 $5,488.1 $5,786.5 $6,116.6 $6,401.4 $6,630.7 $6,855.6 $7,026.0 $7,143.0 $7,158.1 Total Unlevered Free Cash Flows $450.1 $605.8 $613.0 $603.3 $596.3 $597.5 $596.1 $591.6 $588.0 $587.4 $585.6 $582.9 $588.5 $572.7 $535.3 $547.5 $565.7 $440.6 $346.6 $285.1 $229.4 $225.0 $170.5 $117.0 $15.1 $11,636.3 Cumulative $450.1 $1,055.9 $1,668.9 $2,272.1 $2,868.5 $3,466.0 $4,062.0 $4,653.6 $5,241.6 $5,829.0 $6,414.6 $6,997.5 $7,585.9 $8,158.7 $8,693.9 $9,241.5 $9,807.1 $10,247.7 $10,594.3 $10,879.4 $11,108.8 $11,333.7 $11,504.2 $11,621.1 $11,636.3 1 Estimated Unlevered Cash Flows (April 2025 – December 2049) Cash Flow Available for ABS Debt Service Source: Company Provided Materials as of 05/19/2025 Note: Assumes Loans CDR of 1.40% (yrs 1-2), 0.75% (yrs 3+); TPOs CDR of 0.80% (yrs 1-2), 0.75% (yrs 3+); CPR of 2.00%; ITC repayments of 2.0%; Recovery of 30%; Degradation of 0.25% (1) Includes cumulative cash flows from April through December 2025 only 42 Estimated ABS Residual Cash Flows (April 2025 – December 2049) Source: Company Provided Materials as of 05/19/2025 (1) Includes cumulative cash flows from April through December 2025 only 43 Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding Legend Pre-ARD Cash Flows Post-ARD Cash Flows $ millions Series Issuer EU RR? ARD 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 TOTAL 2019-A HELIII Yes 6/20/2029 $1.5 $2.1 $2.7 $2.4 $0.9 ($0.0) ($0.0) $0.0 $0.0 ($0.0) ($0.0) $9.9 $10.3 $9.4 $1.9 $0.0 $0.0 $0.0 $- $- $- $- $- $- $- $41.1 2020-A HELIV Yes 6/20/2027 0.1 1.9 1.0 - - - - - - - - - - 2.8 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.2 2021-A HELV Yes 2/20/2028 0.0 (0.0) 0.0 0.2 - - - - - - - - - - - - - - - - - - - - - 0.2 2021-B HELVI Yes 7/20/2028 4.1 5.9 6.0 1.7 - - - - - - - - - - 7.9 23.8 5.0 0.0 0.0 0.0 - - - - - 54.4 2021-C HELVII Yes 10/20/2028 0.6 2.2 3.6 2.0 - - - - - - - - - - - - - - - - - - - - - 8.5 2022-A HELVIII Yes 2/20/2029 (0.0) 0.0 4.4 4.9 0.3 - - - - - - - - - - - 1.3 1.4 - - - - - - - 12.5 2022-B HELIX Yes 8/20/2029 0.0 0.0 1.6 5.8 2.9 (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 0.0 (0.0) (0.0) (0.0) 19.2 16.7 4.1 0.0 0.0 0.0 - - - - 50.4 2022-C HELX No 11/20/2027 (0.0) (0.0) 0.0 - (0.0) (0.0) 0.0 0.0 (0.0) (0.0) 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) 17.2 0.0 0.0 0.0 - - - - 17.3 2023-A HELXI No 5/20/2028 0.5 5.1 6.8 2.4 - - - - - - - - - - - - - 5.8 5.0 0.0 0.0 0.0 - - - 25.7 2023-B HELXII No 8/20/2028 2.5 4.2 5.6 3.3 - - - - - - - - - - - - - 13.3 6.8 0.0 0.0 0.0 - - - 35.8 2024-A HELXIII No 2/28/2031 0.0 0.5 5.0 5.0 4.5 4.2 0.3 - - - - - - - - - 2.5 16.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 39.5 2024-B HELXIV No 6/20/2034 0.0 0.0 (0.0) (0.0) (0.0) 0.0 (0.0) 0.0 0.0 2.9 12.2 13.0 12.3 11.7 3.6 2.2 30.4 18.9 1.4 0.0 0.0 0.0 0.0 0.0 0.0 108.7 2023-GRID-1 Hestia I No 8/20/2028 (0.0) 0.0 3.4 3.1 - - - - - - - - - - - 18.2 19.6 18.4 1.1 0.0 0.0 0.0 - - - 63.9 2024-GRID-1 Hestia II No 6/20/2034 (0.0) 0.0 2.1 3.9 3.7 3.6 3.6 3.7 3.8 1.7 1.0 5.3 4.8 (0.0) (0.0) 0.0 16.8 13.4 1.0 0.0 0.0 0.0 0.0 0.0 0.0 68.4 Total Loan Gross Residuals $9.2 $22.0 $42.3 $34.6 $12.3 $7.8 $4.0 $3.7 $3.8 $4.6 $13.2 $28.3 $27.4 $23.9 $15.7 $63.5 $92.3 $108.8 $16.6 $0.2 $0.1 $0.0 $0.0 $0.0 $0.0 $534.4 Cumulative $9.2 $31.1 $73.4 $108.1 $120.4 $128.3 $132.2 $135.9 $139.7 $144.3 $157.5 $185.7 $213.2 $237.1 $252.8 $316.3 $408.6 $517.4 $534.0 $534.2 $534.3 $534.4 $534.4 $534.4 $534.4 2018-1 HELII No 1/20/2029 0.9 1.2 1.3 1.4 - - - - - - - - - - - 0.2 13.1 2.2 3.4 0.0 0.0 0.0 - - - 23.8 2019-1 RAYS No 4/30/2031 0.2 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.7 0.8 1.0 1.1 25.6 16.6 16.9 17.1 17.3 14.7 2.2 0.0 0.0 0.0 0.0 - - 117.2 2020-1 SOLI Yes 1/30/2030 0.7 0.9 0.9 1.0 1.0 - - - - - - - - - - - 37.4 32.0 27.9 11.4 0.3 0.0 0.0 0.0 - 113.4 2020-2 SOLII Yes 10/30/2030 0.7 1.2 1.2 1.2 1.2 1.1 0.3 0.5 0.7 1.1 1.9 2.5 2.6 2.8 2.9 3.1 19.2 26.0 25.1 24.3 6.9 0.0 0.0 0.0 - 126.4 2021-1 SOLIII Yes 4/30/2031 4.3 7.1 7.9 8.1 8.1 8.2 5.1 5.0 6.4 8.8 13.8 16.7 16.5 17.3 18.0 13.9 32.7 16.2 16.3 16.4 11.6 0.6 0.0 0.0 0.0 259.0 2022-1 SOLIV Yes 6/30/2029 3.8 5.2 6.4 6.6 5.3 3.9 4.2 4.5 4.8 5.2 8.8 11.4 11.6 10.6 10.6 12.0 10.4 9.8 10.2 10.5 10.4 2.0 - 0.5 1.9 170.6 2023-1 SOLV No 7/30/2028 1.2 1.4 1.8 2.1 - - - - - - - - - - - - - - - - 17.2 26.2 9.2 1.0 1.0 61.1 2024-1 SOLVI No 4/30/2032 0.9 1.2 1.4 1.4 1.7 1.9 1.7 0.4 - - - - - - - - - - - - 3.8 33.5 19.3 9.9 0.1 77.2 2024-2 SOLVII No 7/30/2033 1.2 1.7 1.9 2.0 2.4 2.9 2.9 3.0 2.6 2.2 5.1 7.2 7.5 7.8 8.1 8.0 9.0 9.4 11.8 63.0 41.2 40.7 40.8 34.0 3.1 319.7 2024-3 SOLVIII No 7/30/2033 0.9 1.3 1.4 1.4 1.8 2.1 2.2 2.3 1.8 1.2 4.1 6.3 6.5 6.8 7.1 7.4 7.7 8.0 8.3 8.6 8.9 40.8 35.7 24.9 0.9 198.3 2024-PR1 Aurora I No 1/30/2030 0.0 0.0 0.0 0.0 3.8 3.2 3.3 3.5 3.7 4.0 5.7 6.9 7.0 7.1 7.2 7.3 7.4 8.4 53.7 26.9 26.7 26.4 23.8 6.2 0.0 242.4 2025-P1 SOLIX No 1/30/2033 0.5 0.7 0.9 0.9 1.0 1.2 1.5 1.6 0.9 1.1 2.6 3.8 4.0 4.1 4.3 4.5 4.7 5.1 42.0 37.9 38.2 38.5 38.7 38.1 7.4 284.4 Total TPO Gross Residuals $15.3 $22.5 $25.4 $26.3 $26.8 $24.8 $21.6 $21.3 $21.5 $24.3 $43.1 $55.8 $81.3 $73.1 $75.2 $73.5 $159.0 $131.9 $200.8 $199.1 $165.2 $208.8 $167.6 $114.7 $14.3 $1,993.4 Cumulative $15.3 $37.8 $63.2 $89.5 $116.3 $141.1 $162.7 $184.0 $205.6 $229.9 $273.0 $328.8 $410.2 $483.3 $558.4 $632.0 $791.0 $922.9 $1,123.7 $1,322.9 $1,488.1 $1,696.9 $1,864.5 $1,979.1 $1,993.4 Total Gross Residuals $24.5 $44.4 $67.7 $60.9 $39.2 $32.6 $25.6 $25.0 $25.3 $28.9 $56.3 $84.1 $108.8 $97.0 $90.9 $137.0 $251.4 $240.7 $217.4 $199.4 $165.3 $208.8 $167.6 $114.7 $14.3 $2,527.9 Cumulative $24.5 $68.9 $136.6 $197.6 $236.7 $269.4 $295.0 $320.0 $345.3 $374.2 $430.5 $514.6 $623.3 $720.3 $811.2 $948.2 $1,199.6 $1,440.3 $1,657.7 $1,857.1 $2,022.4 $2,231.2 $2,398.8 $2,513.5 $2,527.9 1
$, Millions 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Current ABS 2019-A Sunnova Helios III Issuer LLC $0.7 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.7 – – 2020-A Sunnova Helios IV Issuer LLC 0.7 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.1 2021-A Sunnova Helios V Issuer LLC 0.7 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 2021-B Sunnova Helios VI Issuer LLC 1.2 1.4 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.0 2021-C Sunnova Helios VII Issuer LLC 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 2022-A Sunnova Helios VIII Issuer LLC 1.6 1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.7 2022-B Sunnova Helios IX Issuer LLC 1.3 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 2022-C Sunnova Helios X Issuer LLC 1.5 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.6 1.6 2023-A Sunnova Helios XI Issuer LLC 2.0 2.3 2.3 2.3 2.3 2.3 2.2 2.2 2.2 2.2 2.2 2.2 2.1 2023-B Sunnova Helios XII Issuer LLC 1.5 1.8 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 2023-GRID-1 Sunnova Hestia I Borrower LLC 1.6 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.7 1.7 1.7 1.7 2024-A Sunnova Helios XIII Issuer LLC 1.3 1.6 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.4 2024-B Sunnova Helios XIV Issuer LLC 1.3 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.4 2024-GRID-1 Sunnova Hestia II Borrower LLC 1.1 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 2018-1 Sunnova ABS Holdings LLC 2.1 2.5 2.5 2.6 2.6 2.6 2.6 2.7 2.7 2.7 2.8 2.8 2.9 2019-1 Sunnova RAYS I Holdings LLC 1.8 2.2 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.4 1.4 – 2020-1 Sunnova Sol Holdings LLC 4.9 5.9 6.0 6.1 6.1 6.2 6.3 6.4 6.4 6.5 6.6 6.7 6.8 2020-2 Sunnova Sol II Holdings LLC 3.0 3.6 3.6 3.7 3.7 3.8 3.8 3.9 3.9 3.9 4.0 4.0 4.1 2021-1 Sunnova Sol III Holdings LLC 2.9 3.6 3.6 3.6 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 4.1 2022-1 Sunnova Sol IV Holdings LLC 4.5 5.5 5.6 5.6 5.7 5.8 5.8 5.9 6.0 6.0 6.1 6.2 6.2 2023-1 Sunnova Sol V Holdings LLC 4.6 5.6 5.7 5.7 5.8 5.9 5.9 6.0 6.1 6.1 6.2 6.3 6.4 2024-1 Sunnova Sol VI Holdings LLC 3.7 4.5 4.6 4.6 4.7 4.7 4.8 4.9 4.9 5.0 5.0 5.1 5.1 2024-2 Sunnova Sol VII Holdings LLC 3.0 3.6 3.6 3.7 3.7 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 2024-3 Sunnova Sol VIII Holdings LLC 2.6 3.1 3.2 3.2 3.3 3.3 3.3 3.4 3.4 3.5 3.5 3.5 3.6 2024-PR1 Sunnova Aurora 1 LLC 1.5 1.8 1.9 1.9 1.9 1.9 1.9 2.0 2.0 2.0 2.0 2.0 2.1 2025-P1 Sunnova SOL IX LLC 2.7 3.2 3.3 3.3 3.3 3.4 3.4 3.5 3.5 3.6 3.6 3.6 3.7 Subtotal Current ABS $54.4 $65.5 $65.8 $66.2 $66.6 $67.0 $67.4 $67.8 $68.3 $68.7 $69.1 $67.8 $66.0 Future ABS TEP 8-A TEP 8-A $0.8 $1.0 $1.0 $1.0 $1.0 $1.0 $1.1 $1.1 $1.1 $1.1 $1.1 $1.1 $1.1 TEP 8-B TEP 8-B 2.7 3.3 3.3 3.4 3.4 3.5 3.5 3.5 3.6 3.6 3.7 3.7 3.8 TEP 8-D TEP 8-D 1.9 2.4 2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.6 2.6 2.7 2.7 TEP 8-E TEP 8-E 2.6 3.1 3.2 3.2 3.2 3.3 3.3 3.4 3.4 3.5 3.5 3.5 3.6 TEP 8-F TEP 8-F 1.8 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 TEP 8-G TEP 8-G 0.9 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 TEP 8-I TEP 8-I 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 Subtotal Future ABS $11.1 $13.5 $13.6 $13.8 $13.9 $14.1 $14.3 $14.4 $14.6 $14.8 $15.0 $15.1 $15.3 Total ABS $65.4 $79.0 $79.4 $80.0 $80.5 $81.1 $81.7 $82.3 $82.9 $83.5 $84.0 $83.0 $81.3 MSA Fee Details (2025 – 2037) Source: Company Provided Materials as of 04/30/2025 Note: All ABS facilities assumed to launch at the end of the year Assumes start of MSA proceeds in March 2025 48
$, Millions 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Total Current ABS 2019-A Sunnova Helios III Issuer LLC – – – – – – – – – – – – $8.4 2020-A Sunnova Helios IV Issuer LLC – – – – – – – – – – – – 9.7 2021-A Sunnova Helios V Issuer LLC 0.4 – – – – – – – – – – – 11.3 2021-B Sunnova Helios VI Issuer LLC – – – – – – – – – – – – 16.6 2021-C Sunnova Helios VII Issuer LLC 0.8 0.5 – – – – – – – – – – 12.8 2022-A Sunnova Helios VIII Issuer LLC 1.7 0.3 – – – – – – – – – – 25.5 2022-B Sunnova Helios IX Issuer LLC 1.4 1.4 0.2 – – – – – – – – – 22.6 2022-C Sunnova Helios X Issuer LLC 1.6 1.6 0.7 – – – – – – – – – 25.5 2023-A Sunnova Helios XI Issuer LLC 2.1 2.1 1.2 – – – – – – – – – 34.2 2023-B Sunnova Helios XII Issuer LLC 1.6 1.6 1.1 – – – – – – – – – 26.2 2023-GRID-1 Sunnova Hestia I Borrower LLC 1.7 1.7 0.8 – – – – – – – – – 27.2 2024-A Sunnova Helios XIII Issuer LLC 1.4 1.4 0.8 – – – – – – – – – 22.7 2024-B Sunnova Helios XIV Issuer LLC 1.4 1.4 0.9 – – – – – – – – – 22.5 2024-GRID-1 Sunnova Hestia II Borrower LLC 1.1 1.1 1.1 0.1 – – – – – – – – 19.0 2018-1 Sunnova ABS Holdings LLC 2.9 2.2 – – – – – – – – – – 39.1 2019-1 Sunnova RAYS I Holdings LLC – – – – – – – – – – – – 26.0 2020-1 Sunnova Sol Holdings LLC 6.8 5.2 – – – – – – – – – – 92.9 2020-2 Sunnova Sol II Holdings LLC 4.1 4.2 3.2 – – – – – – – – – 60.5 2021-1 Sunnova Sol III Holdings LLC 4.1 4.2 4.2 – – – – – – – – – 61.1 2022-1 Sunnova Sol IV Holdings LLC 6.3 6.4 6.5 6.5 6.6 6.7 6.8 6.8 6.2 0.1 – – 133.7 2023-1 Sunnova Sol V Holdings LLC 6.4 6.5 6.6 6.7 6.7 6.8 6.9 7.0 7.1 6.9 0.8 0.0 144.7 2024-1 Sunnova Sol VI Holdings LLC 5.2 5.3 5.3 5.4 5.5 5.5 5.6 5.7 1.4 – – – 106.6 2024-2 Sunnova Sol VII Holdings LLC 4.1 4.2 4.2 4.3 4.3 4.4 4.4 0.4 – – – – 79.2 2024-3 Sunnova Sol VIII Holdings LLC 3.6 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 2.7 – – 79.9 2024-PR1 Sunnova Aurora 1 LLC 2.1 2.1 2.1 2.2 2.2 2.2 0.9 – – – – – 38.6 2025-P1 Sunnova SOL IX LLC 3.7 3.8 3.8 3.9 3.6 – – – – – – – 62.8 Subtotal Current ABS $64.9 $60.7 $46.6 $32.8 $32.7 $29.5 $28.5 $23.8 $18.7 $9.7 $0.8 $0.0 $1,209.5 Future ABS TEP 8-A TEP 8-A $1.1 $1.2 $1.2 $1.2 $1.2 $1.2 $1.2 $1.2 $1.3 $1.3 $1.3 $1.3 $28.2 TEP 8-B TEP 8-B 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.4 94.0 TEP 8-D TEP 8-D 2.7 2.8 2.8 2.8 2.9 2.9 2.9 3.0 3.0 3.0 3.1 3.1 67.1 TEP 8-E TEP 8-E 3.6 3.7 3.7 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 89.3 TEP 8-F TEP 8-F 2.5 2.5 2.6 2.6 2.6 2.7 2.7 2.7 2.8 2.8 2.8 2.9 61.7 TEP 8-G TEP 8-G 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.5 31.5 TEP 8-I TEP 8-I 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.5 10.4 Subtotal Future ABS $15.5 $15.7 $15.9 $16.1 $16.3 $16.5 $16.7 $16.9 $17.1 $17.3 $17.5 $17.7 $382.3 Total ABS $80.4 $76.4 $62.4 $48.8 $49.0 $45.9 $45.2 $40.7 $35.8 $26.9 $18.3 $17.7 $1,591.8 MSA Fee Details (2038 – 2049) Source: Company Provided Materials as of 04/30/2025 Note: All ABS facilities assumed to launch at the end of the year49 Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding in $ millions Series Issuer EU Risk Retention? ARD Date 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2019-A HELIII Yes 6/20/2029 $9.6 $12.8 $12.5 $12.2 $12.0 $11.7 $11.5 $11.2 $10.9 $10.6 $10.3 $11.9 $10.3 2020-A HELIV Yes 6/21/2027 9.7 12.8 12.5 12.2 11.8 11.4 11.1 10.8 10.5 10.1 9.8 9.4 12.8 2021-A HELV Yes 2/21/2028 10.5 14.0 13.6 13.2 13.2 13.3 12.9 12.6 12.2 11.8 11.4 11.0 10.7 2021-B HELVI Yes 7/20/2028 14.3 19.0 18.4 18.0 18.1 18.5 18.0 17.5 17.0 16.3 15.5 15.0 14.5 2021-C HELVII Yes 10/20/2028 9.5 12.7 13.0 12.8 12.5 12.2 11.8 11.5 11.1 10.8 10.4 10.0 9.7 2022-A HELVIII Yes 2/20/2029 19.6 26.1 25.3 24.6 25.2 25.3 24.6 23.9 23.2 22.6 21.8 20.9 20.2 2022-B HELIX Yes 8/20/2029 18.5 24.7 23.9 23.3 22.3 21.2 20.6 20.0 19.4 18.8 18.8 19.4 18.8 2022-C HELX No 11/22/2027 19.2 25.6 24.6 23.2 22.6 22.0 21.3 20.7 20.4 21.3 20.6 19.6 18.9 2023-A HELXI No 5/22/2028 24.6 32.8 31.9 30.3 29.1 28.3 27.5 26.7 25.9 26.2 26.3 25.2 24.4 2023-B HELXII No 8/21/2028 20.4 27.3 26.5 25.5 24.4 24.3 24.4 23.8 23.1 22.4 21.8 21.1 20.3 2024-A HELXIII No 2/28/2031 19.2 25.7 25.0 24.4 23.9 23.3 22.2 21.5 20.8 21.1 20.5 19.9 19.0 2024-B HELXIV No 6/20/2034 19.7 29.3 28.6 28.0 27.4 26.8 26.2 25.6 25.0 24.0 23.1 22.5 21.6 2023-GRID-1 Hestia I No 8/21/2028 21.8 29.1 28.3 27.2 26.0 25.3 24.6 24.0 23.3 22.6 22.0 21.1 21.4 2024-GRID-1 Hestia II No 6/20/2034 15.4 21.0 20.5 20.0 19.6 19.1 18.7 18.2 17.7 16.9 16.2 15.5 14.8 Total Loan Unlevered Free Cash Flows $232.1 $313.0 $304.7 $295.2 $288.0 $282.7 $275.5 $267.9 $260.8 $255.5 $248.2 $242.4 $237.4 Cumulative $232.1 $545.1 $849.8 $1,145.0 $1,433.0 $1,715.7 $1,991.1 $2,259.0 $2,519.8 $2,775.4 $3,023.6 $3,266.0 $3,503.4 2018-1 HELII No 1/22/2029 $16.1 $21.4 $21.6 $21.8 $22.0 $22.2 $22.5 $22.7 $23.0 $23.2 $23.5 $23.7 $23.8 2019-1 RAYS No 4/30/2031 8.9 11.9 12.1 12.1 12.3 12.5 12.7 14.1 14.3 14.5 14.7 26.6 16.7 2020-1 SOLI Yes 1/30/2030 22.3 29.7 30.1 30.5 30.9 31.3 31.8 32.2 34.6 36.6 37.0 36.9 37.4 2020-2 SOLII Yes 10/30/2030 13.1 19.3 19.5 19.7 19.9 20.2 20.4 20.6 20.9 21.1 21.9 22.0 22.3 2021-1 SOLIII Yes 4/30/2031 20.5 29.9 30.8 31.1 31.3 31.6 31.8 32.1 32.4 33.6 34.9 35.1 35.1 2022-1 SOLIV Yes 6/30/2029 28.6 37.1 35.9 35.0 34.9 34.9 34.8 34.7 34.5 34.4 34.2 34.0 33.8 2023-1 SOLV No 7/31/2028 26.2 34.5 34.6 34.3 32.6 29.9 30.0 30.1 30.3 30.4 33.0 33.2 33.3 2024-1 SOLVI No 4/30/2032 15.0 19.9 19.9 19.9 23.5 23.4 23.4 23.4 23.5 23.5 23.6 25.2 25.8 2024-2 SOLVII No 8/1/2033 22.6 30.1 30.2 30.3 30.0 32.7 34.3 34.5 34.7 34.9 35.2 35.4 35.6 2024-3 SOLVIII No 7/30/2033 20.1 26.8 27.0 27.1 28.8 29.6 29.8 30.0 30.2 30.5 30.7 30.9 31.2 2024-PR1 Aurora I No 1/30/2030 18.2 24.1 23.9 23.7 23.5 26.3 26.1 25.9 25.6 25.4 25.2 25.0 24.7 2025-P1 SOLIX No 1/30/2033 20.7 27.6 27.7 27.8 28.0 27.8 33.1 33.3 33.5 33.7 33.9 34.2 34.4 Total TPOs Unlevered Free Cash Flows $232.2 $312.2 $313.2 $313.3 $317.7 $322.3 $330.7 $333.6 $337.5 $341.9 $347.7 $362.1 $354.1 Cumulative $232.2 $544.4 $857.6 $1,171.0 $1,488.7 $1,811.0 $2,141.7 $2,475.4 $2,812.8 $3,154.7 $3,502.5 $3,864.5 $4,218.6 Total Unlevered Free Cash Flows $464.3 $625.3 $617.9 $608.5 $605.8 $605.0 $606.2 $601.6 $598.2 $597.4 $596.0 $604.5 $591.5 Cumulative $464.3 $1,089.5 $1,707.4 $2,315.9 $2,921.7 $3,526.7 $4,132.9 $4,734.4 $5,332.7 $5,930.1 $6,526.0 $7,130.6 $7,722.0 1 Illustrative Post ARD Turbo Amortization Scenario - Cash Flow Available for ABS Debt Service Estimated Unlevered Cash Flows (April 2025 – December 2037) Source: Company Provided Materials as of 05/01/2025 Note: Assumes Loans CDR of 1.40% (yrs 1-2), 0.75% (yrs 3+); TPOs CDR of 0.80% (yrs 1-2), 0.75% (yrs 3+); CPR of 2.00%; ITC repayments of 2.0%; Recovery of 35%; Degradation of 0.50% (1) Includes cumulative cash flows from April through December 2025 only 50 Legend Pre-ARD Cash Flows Post-ARD Cash Flows in $ millions Series Issuer EU Risk Retention? ARD Date 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Total 2019-A HELIII Yes 6/20/2029 $9.4 $1.9 - - - - - - - - - - $158.8 2020-A HELIV Yes 6/21/2027 9.3 8.8 2.1 - - - - - - - - - 165.1 2021-A HELV Yes 2/21/2028 17.7 10.3 7.5 0.0 - - - - - - - - 195.8 2021-B HELVI Yes 7/20/2028 25.9 14.2 13.6 4.1 - - - - - - - - 277.9 2021-C HELVII Yes 10/20/2028 9.4 9.1 13.5 6.8 0.0 - - - - - - - 186.9 2022-A HELVIII Yes 2/20/2029 19.6 32.2 19.2 17.0 0.0 - - - - - - - 391.4 2022-B HELIX Yes 8/20/2029 18.2 17.6 29.1 17.1 1.4 - - - - - - - 353.2 2022-C HELX No 11/22/2027 18.3 17.7 17.1 28.3 5.6 - - - - - - - 366.9 2023-A HELXI No 5/22/2028 23.6 22.9 22.1 35.1 20.9 1.4 - - - - - - 485.1 2023-B HELXII No 8/21/2028 19.6 19.0 18.4 23.7 17.9 3.9 - - - - - - 407.9 2024-A HELXIII No 2/28/2031 18.4 17.9 17.2 23.2 16.5 2.3 - - - - - - 382.0 2024-B HELXIV No 6/20/2034 20.9 20.3 19.7 33.8 17.9 0.0 - - - - - - 440.5 2023-GRID-1 Hestia I No 8/21/2028 21.2 20.6 19.9 32.9 17.4 0.0 - - - - - - 428.8 2024-GRID-1 Hestia II No 6/20/2034 14.3 13.9 13.4 22.1 13.6 1.8 - - - - - - 312.6 Total Loan Unlevered Free Cash Flows $245.9 $226.3 $212.7 $244.0 $111.1 $9.4 - - - - - - $4,552.9 Cumulative $3,749.4 $3,975.7 $4,188.4 $4,432.4 $4,543.5 $4,552.9 $4,552.9 $4,552.9 $4,552.9 $4,552.9 $4,552.9 $4,552.9 2018-1 HELII No 1/22/2029 $23.9 $21.4 $25.1 $17.4 $5.6 $1.1 - - - - - - 381.8 2019-1 RAYS No 4/30/2031 17.0 17.3 17.6 17.8 15.2 2.3 0.0 - - - - - 270.4 2020-1 SOLI Yes 1/30/2030 37.8 37.8 64.5 34.6 33.1 28.8 11.8 0.2 - - - - 669.9 2020-2 SOLII Yes 10/30/2030 22.5 22.8 33.0 26.8 26.6 25.7 24.9 6.9 - - - - 450.1 2021-1 SOLIII Yes 4/30/2031 35.4 35.7 30.9 36.3 16.5 16.7 16.8 12.0 0.6 0.0 - - 611.0 2022-1 SOLIV Yes 6/30/2029 31.6 31.3 34.0 30.6 29.1 29.3 29.6 28.9 9.4 2.8 2.8 2.7 708.8 2023-1 SOLV No 7/31/2028 33.4 31.2 31.3 31.4 28.7 27.1 27.3 27.5 25.8 8.7 1.0 1.0 687.0 2024-1 SOLVI No 4/30/2032 25.9 25.9 23.7 23.7 23.8 20.9 19.1 19.2 36.2 20.4 9.0 0.0 537.8 2024-2 SOLVII No 8/1/2033 35.9 36.1 35.4 36.5 38.0 38.3 38.6 61.6 41.6 41.8 34.9 3.0 862.2 2024-3 SOLVIII No 7/30/2033 31.4 31.7 31.6 33.0 33.3 33.6 33.9 34.2 34.6 34.9 39.5 0.8 745.2 2024-PR1 Aurora I No 1/30/2030 24.5 24.3 24.1 23.9 23.6 23.4 23.2 57.0 26.2 23.7 6.2 0.0 597.6 2025-P1 SOLIX No 1/30/2033 34.7 34.9 35.2 33.7 35.0 57.3 38.6 38.9 39.2 39.6 39.0 6.6 828.2 Total TPOs Unlevered Free Cash Flows $354.0 $350.3 $386.3 $345.7 $308.5 $304.6 $263.7 $286.3 $213.6 $171.8 $132.3 $14.2 $7,350.0 Cumulative $4,572.6 $4,922.9 $5,309.2 $5,654.9 $5,963.4 $6,268.0 $6,531.7 $6,818.1 $7,031.6 $7,203.5 $7,335.8 $7,350.0 Total Unlevered Free Cash Flows $599.9 $576.7 $599.0 $589.7 $419.6 $313.9 $263.7 $286.3 $213.6 $171.8 $132.3 $14.2 $11,902.8 Cumulative $8,321.9 $8,898.6 $9,497.6 $10,087.3 $10,506.9 $10,820.9 $11,084.6 $11,370.9 $11,584.5 $11,756.3 $11,888.7 $11,902.8 Illustrative Post ARD Turbo Amortization Scenario - Cash Flow Available for ABS Debt Service Estimated Unlevered Cash Flows (January 2038 – December 2049) Source: Company Provided Materials as of 05/01/2025 Note: Assumes Loans CDR of 1.40% (yrs 1-2), 0.75% (yrs 3+); TPOs CDR of 0.80% (yrs 1-2), 0.75% (yrs 3+); CPR of 2.00%; ITC repayments of 2.0%; Recovery of 35%; Degradation of 0.50%51 Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding Legend Pre-ARD Cash Flows Post-ARD Cash Flows in $ millions Series Issuer EU Risk Retention? ARD Date 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2019-A HELIII Yes 6/20/2029 $1.3 $1.9 $2.3 $2.3 $0.9 - - - - - - $11.7 $10.3 2020-A HELIV Yes 6/21/2027 - 1.2 0.7 - - - - - - - - - - 2021-A HELV Yes 2/21/2028 - - - - - - - - - - - - - 2021-B HELVI Yes 7/20/2028 3.5 5.4 4.9 1.4 - - - - - - - - - 2021-C HELVII Yes 10/20/2028 0.5 1.8 2.8 1.8 - - - - - - - - - 2022-A HELVIII Yes 2/20/2029 - - 1.8 4.5 0.4 - - - - - - - - 2022-B HELIX Yes 8/20/2029 - - - 4.5 3.0 - - - - - - - - 2022-C HELX No 11/22/2027 - - - - - - - - - - - - - 2023-A HELXI No 5/22/2028 1.5 5.6 6.4 2.2 - - - - - - - - - 2023-B HELXII No 8/21/2028 3.1 4.6 5.3 3.2 - - - - - - - - - 2024-A HELXIII No 2/28/2031 - 1.5 4.8 5.0 4.9 4.7 0.4 - - - - - - 2024-B HELXIV No 6/20/2034 - - - - - - - - - 2.7 - - - 2023-GRID-1 Hestia I No 8/21/2028 - - 3.2 2.8 - - - - - - - - - 2024-GRID-1 Hestia II No 6/20/2034 - - 2.6 3.9 4.0 4.0 4.0 4.1 4.1 1.7 - - - Total Loan Residuals $9.8 $22.0 $34.9 $31.8 $13.2 $8.7 $4.4 $4.1 $4.1 $4.4 - $11.7 $10.3 Cumulative $9.8 $31.8 $66.7 $98.4 $111.6 $120.3 $124.7 $128.8 $132.9 $137.2 $137.2 $148.9 $159.2 2018-1 HELII No 1/22/2029 $1.0 $1.5 $1.6 $1.6 - - - - - - - - - 2019-1 RAYS No 4/30/2031 0.3 0.5 0.4 0.4 0.4 0.4 0.1 - - - - 17.7 16.7 2020-1 SOLI Yes 1/30/2030 0.8 1.0 1.1 1.1 1.2 - - - - - - - - 2020-2 SOLII Yes 10/30/2030 0.8 1.2 1.1 1.1 1.2 1.0 - - - - - - - 2021-1 SOLIII Yes 4/30/2031 4.6 7.7 8.4 8.5 8.7 8.8 2.2 - - - - 4.7 35.1 2022-1 SOLIV Yes 6/30/2029 5.5 7.2 5.8 6.0 2.7 - - - - - - - - 2023-1 SOLV No 7/31/2028 4.5 5.9 6.1 3.0 - - - - - - - - - 2024-1 SOLVI No 4/30/2032 1.2 1.5 1.6 1.6 2.7 2.5 2.2 0.5 - - - - - 2024-2 SOLVII No 8/1/2033 1.5 2.1 2.2 2.2 1.9 2.5 2.8 2.9 1.8 - - - - 2024-3 SOLVIII No 7/30/2033 0.9 1.3 1.3 1.3 1.9 2.2 2.4 2.5 1.3 - - - - 2024-PR1 Aurora I No 1/30/2030 0.0 0.0 0.0 0.0 2.7 - - - - - - - - 2025-P1 SOLIX No 1/30/2033 0.9 1.3 1.4 1.4 1.5 1.3 2.0 2.1 - - - - - Total TPO Residuals $22.0 $31.3 $30.8 $28.3 $24.8 $18.9 $11.8 $8.1 $3.2 - - $22.4 $51.9 Cumulative $22.0 $53.3 $84.1 $112.4 $137.2 $156.0 $167.8 $175.9 $179.1 $179.1 $179.1 $201.5 $253.3 Total Loan & TPO Residuals $31.8 $53.3 $65.7 $60.1 $37.9 $27.6 $16.2 $12.2 $7.3 $4.4 - $34.1 $62.2 Cumulative $31.8 $85.1 $150.8 $210.8 $248.8 $276.3 $292.5 $304.7 $311.9 $316.3 $316.3 $350.4 $412.6 Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding 1 Illustrative Post ARD Turbo Amortization Scenario Estimated ABS Residual Cash Flows (April 2025 – December 2037) Source: Company Provided Materials as of 05/01/2025 (1) Includes cumulative cash flows from April through December 2025 only 52 Legend Pre-ARD Cash Flows Post-ARD Cash Flows
in $ millions Series Issuer EU Risk Retention? ARD Date 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Total 2019-A HELIII Yes 6/20/2029 $9.4 $1.9 - - - - - - - - - - $42.0 2020-A HELIV Yes 6/21/2027 4.6 8.8 2.1 - - - - - - - - - 17.4 2021-A HELV Yes 2/21/2028 - - - - - - - - - - - - 0.0 2021-B HELVI Yes 7/20/2028 10.1 14.2 13.6 4.1 - - - - - - - - 57.2 2021-C HELVII Yes 10/20/2028 - - - - - - - - - - - - 6.9 2022-A HELVIII Yes 2/20/2029 - - 5.1 17.0 0.0 - - - - - - - 28.7 2022-B HELIX Yes 8/20/2029 - - 6.5 17.1 1.4 - - - - - - - 32.6 2022-C HELX No 11/22/2027 - - - - - - - - - - - - 0.0 2023-A HELXI No 5/22/2028 - - - - 18.5 1.4 - - - - - - 35.6 2023-B HELXII No 8/21/2028 - - - 5.6 17.9 3.9 - - - - - - 43.6 2024-A HELXIII No 2/28/2031 - - - 9.4 16.5 2.3 - - - - - - 49.5 2024-B HELXIV No 6/20/2034 17.7 20.3 19.7 33.8 17.9 0.0 - - - - - - 112.0 2023-GRID-1 Hestia I No 8/21/2028 - - 14.0 32.9 17.4 0.0 - - - - - - 70.3 2024-GRID-1 Hestia II No 6/20/2034 - - - 18.8 13.6 1.8 - - - - - - 62.6 Total Loan Residuals $41.8 $45.2 $60.9 $138.7 $103.1 $9.4 - - - - - - $558.3 Cumulative $201.0 $246.2 $307.2 $445.8 $548.9 $558.3 $558.3 $558.3 $558.3 $558.3 $558.3 $558.3 2018-1 HELII No 1/22/2029 $1.7 $21.4 $25.1 $17.4 $5.6 $1.1 - - - - - - 78.0 2019-1 RAYS No 4/30/2031 17.0 17.3 17.6 17.8 15.2 2.3 0.0 - - - - - 124.0 2020-1 SOLI Yes 1/30/2030 - - 49.8 34.6 33.1 28.8 11.8 0.2 - - - - 163.6 2020-2 SOLII Yes 10/30/2030 - - 11.4 26.8 26.6 25.7 24.9 6.9 - - - - 128.9 2021-1 SOLIII Yes 4/30/2031 35.4 35.7 30.9 36.3 16.5 16.7 16.8 12.0 0.6 0.0 - - 289.6 2022-1 SOLIV Yes 6/30/2029 - - - 10.8 29.1 29.3 29.6 28.9 9.4 2.8 2.8 2.7 172.5 2023-1 SOLV No 7/31/2028 - - - - - - 16.6 27.5 25.8 8.7 1.0 1.0 100.0 2024-1 SOLVI No 4/30/2032 - - - - - 10.4 19.1 19.2 36.2 20.4 9.0 0.0 128.2 2024-2 SOLVII No 8/1/2033 - - - - - 12.9 38.6 61.6 41.6 41.8 34.9 3.0 254.4 2024-3 SOLVIII No 7/30/2033 - - - - - - - 7.5 34.6 34.9 39.5 0.8 132.4 2024-PR1 Aurora I No 1/30/2030 - - - 11.0 23.6 23.4 23.2 57.0 26.2 23.7 6.2 0.0 197.0 2025-P1 SOLIX No 1/30/2033 - - - - 18.7 57.3 38.6 38.9 39.2 39.6 39.0 6.6 289.8 Total TPO Residuals $54.1 $74.4 $134.8 $154.7 $168.5 $208.0 $219.1 $259.6 $213.6 $171.8 $132.3 $14.2 $2,058.4 Cumulative $307.4 $381.8 $516.6 $671.3 $839.8 $1,047.8 $1,266.9 $1,526.5 $1,740.1 $1,911.9 $2,044.2 $2,058.4 Total Loan & TPO Residuals $95.9 $119.6 $195.7 $293.4 $271.6 $217.3 $219.1 $259.6 $213.6 $171.8 $132.3 $14.2 $2,616.7 Cumulative $508.4 $628.0 $823.7 $1,117.1 $1,388.7 $1,606.1 $1,825.2 $2,084.8 $2,298.4 $2,470.2 $2,602.6 $2,616.7 Illustrative Post ARD Turbo Amortization Scenario Estimated ABS Residual Cash Flows (January 2038 – December 2049) Analysis based on existing outstanding ABS transactions only and excludes any cash flows associated with new originations, new ABS issuances and new tax equity funding Source: Company Provided Materials as of 05/01/2025 53 Legend Pre-ARD Cash Flows Post-ARD Cash Flows Overview of Other Unencumbered Assets1 56 (1) In addition to other unencumbered assets such as EU Risk Retention cash flows (2) Estimated net equity proceeds if the transaction was illustratively refinanced, based on current market conditions Asset Description Illustrative Undiscounted Book Value 2019-1 RAYS ABS • Equity value of 2019 vintage ABS deal with ~$150mm of ADSAB which has completed tax equity buyout. Currently encumbered by ABS deal which could be repaid for $95mm (net of make-whole) • Illustrative proceeds are estimated at range of $17 – $25mm ~$17 – 25mm 2 SNH WIP • In-progress residential solar installations with varying levels of completion ~$2mm Accessory Loans • Additional loans made in connection with loans, leases, & PPAs for customer financing of primarily roof construction ~$11mm 2024 ITCs • Investment Tax Credits (“ITCs”) provided by the federal government and related to residential and corporate solar projects in 2024 accrued via TPOs ~$44mm Total ~$74 – $82mm
1 Estimated Debt Balance at ARD Source: Company Provided Materials as of 05/19/202557 Series Issuer Estimated Debt Outstanding at ARD 2019-A HELIII $54.9 2020-A HELIV 78.5 2021-A HELV 102.2 2021-B HELVI 123.8 2021-C HELVII 95.3 2022-A HELVIII 179.7 2022-B HELIX 140.2 2022-C HELX 166.7 2023-A HELXI 210.7 2023-B HELXII 174.6 2024-A HELXIII 136.3 2024-B HELXIV 68.0 2023-GRID-1 Hestia I 169.1 2024-GRID-1 Hestia II 74.1 2018-1 HELII 152.9 2019-1 RAYS 59.5 2020-1 SOLI 246.8 2020-2 SOLII 147.7 2021-1 SOLIII 147.4 2022-1 SOLIV 258.1 2023-1 SOLV 281.5 2024-1 SOLVI 173.3 2024-2 SOLVII 228.8 2024-3 SOLVIII 231.6 2024-PR1 Aurora I 170.0 2025-P1 SOLIX 148.7