# EDGAR Filing Document

**Accession Number:** 0001608828
**File Stem:** 0001608828-23-000004
**Filing Date:** 2023-3
**Character Count:** 31634
**Document Hash:** c903cf5314ce3f659b19ebee278a227b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001608828-23-000004.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001608828-23-000004

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sunnova Energy Corp
- **CENTRAL INDEX KEY:** 0001608828
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03454
- **FILM NUMBER:** 23775326

**BUSINESS ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 281-985-9900

**MAIL ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sunnova Energy Corp
- **CENTRAL INDEX KEY:** 0001608828
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 281-985-9900

**MAIL ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sunnova Energy Corp
- **CENTRAL INDEX KEY:** 0001608828
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03454

**BUSINESS ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 281-985-9900

**MAIL ADDRESS:**
- **STREET 1:** 20 EAST GREENWAY PLAZA, SUITE 540
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**_______________________________________________________________________________**

**FORM ABS-15G**

**_______________________________________________________________________________**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

---

| | |
|:---|:---|
| **Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** | **Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** |
| ☐ | Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period ___________ to ___________ |

---

Date of Report (Date of earliest event reported): ___________

Commission File Number of securitizer: ___________

Central Index Key Number of securitizer: ___________

**__________________________________________________________________________________________________________**

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001608828

**_______________________________________________________________________________**

**Sunnova Sol V Issuer, LLC**

(Exact name of issuing entity as specified in its charter)

**_______________________________________________________________________________**

Central Index Key Number of issuing entity (if applicable): Not applicable

Central Index Key Number of underwriter (if applicable): Not applicable

Robert L. Lane, (281) 892-1588

**__________________________________________________________________________________________________________**

Name and telephone number, including area code, of the person to

contact in connection with this filing.

------

*Explanatory Note: For the purpose of furnishing this Form ABS-15G, the depositor signing below does not have a Central Index Key Number. The Central Index Key Number of the depositor listed above is the Central Index Key Number of the sponsor, Sunnova Energy Corporation.*

**INFORMATION TO BE INCLUDED IN THE REPORT**

**FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

Attached as Exhibit 99.1 hereto is a Report of Independent Accountants on Applying Agreed-Upon Procedures, dated March 27, 2023, obtained by Sunnova Sol V Depositor, LLC and Sunnova Energy Corporation and which sets forth the findings and conclusions, as applicable, of Ernst & Young LLP with respect to certain agreed-upon procedures performed by Ernst & Young LLP.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Report of Independent Accountants on Applying Agreed-Upon Procedures, dated March 27, 2023.](mar2023exhibit991ey.htm)</u> |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entities have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **Sunnova Sol V Depositor, LLC, as Depositor** | **Sunnova Sol V Depositor, LLC, as Depositor** |
| By: | /s/ Robert L. Lane |
|  | Name: Robert L. Lane |
|  | Title: Executive Vice President, Chief Financial Officer |
| Date: March 29, 2023 | Date: March 29, 2023 |

---

## Exhibit 99.1

![image_2a.jpg](image_2a.jpg)&nbsp;&nbsp;&nbsp;&nbsp; Ernst & Young LLP&nbsp;&nbsp;&nbsp;&nbsp;Tel: +1 212 773 3000&nbsp;&nbsp;&nbsp;&nbsp;**Exhibit 99.1**

One Manhattan West&nbsp;&nbsp;&nbsp;&nbsp;Fax: +1 212 773 6350

New York, New York 10001&nbsp;&nbsp;&nbsp;&nbsp;ey.com

**Report of Independent Accountants on Applying Agreed-Upon Procedures**

Sunnova Energy CorporationSunnova Sol V Depositor, LLC20 East Greenway Plaza #540Houston, Texas 77046 27 March 2023

**Re:&nbsp;&nbsp;&nbsp;&nbsp;Sunnova Sol V Issuer, LLC (the "Issuer")**

**&nbsp;&nbsp;&nbsp;&nbsp;Solar Asset Backed Notes, Series 2023-1 (the "Notes")**

**&nbsp;&nbsp;&nbsp;&nbsp;Sample Solar Asset Agreed-Upon Procedures**

We have performed the procedure enumerated in Attachment A, which was agreed to and acknowledged as appropriate by Sunnova Energy Corporation (the "Originator"), Sunnova Sol V Depositor, LLC (the "Depositor") and Atlas SP Securities, a division of Apollo Global Securities, LLC ("ATLAS SP," together with the Originator and Depositor, the "Specified Parties"), for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to a pool of photovoltaic systems installed on residential properties and the related customer agreements (the "Solar Assets") relating to the Issuer's securitization transaction. This report may not be suitable for any other purpose. The procedure performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedure performed is appropriate for their purposes. The appropriateness of the procedure is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedure. Consequently, we make no representation regarding the appropriateness of the procedure described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedure performed and our associated findings are included in Attachment A.

------

![image_2a.jpg](image_2a.jpg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Page 2 of 4

For the purpose of the procedure described in this report, the Originator, on behalf of the Depositor, provided us with:

a.Electronic data files:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.Labeled "3.1.7 SNVA 2023-1_AUP_Data_Tape_v2.xlsx" and the corresponding record layout and decode information, as applicable (the "Sample Data File"), that the Originator, on behalf of the Depositor, indicated contains information as of 31 December 2022 (the "Cut-Off Date") relating to 300 photovoltaic systems installed on residential properties and the related customer agreements (the "Sample Solar Assets"),

b.Imaged copies of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The customer lease agreement, power purchase agreement, prepaid benefits agreement, amendment and/or change order thereto or other related documents (collectively and as applicable, the "Agreement"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.The work order, amendment and/or change order thereto (collectively and as applicable, the "Work Order") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.Certain printed screen shots from the Originator's servicing systems (the "Servicing System Screen Shots," together with the Agreement and Work Order, the "Source Documents"),

as applicable, that the Originator, on behalf of the Depositor, indicated relate to each Sample Solar Asset,

c.A servicing system extraction file labeled "3.1.2.2 Supplemental Sample Query_12.31.2022_v1.xlsx" and the corresponding record layout and decode information, as applicable (the "Supplemental Sample Query,"), that the Originator, on behalf of the Depositor, indicated contains information as of the Cut-Off Date relating to certain Sample Solar Assets,

d.Certain servicing system extraction files labeled "3.1.3.4 Incentives Sample Query_12.31.2022_v2.xlsx" and the corresponding record layout and decode information, as applicable (collectively, the "Incentives Sample Query," together with the Source Documents and Supplemental Sample Query, the "Sources") that the Originator, on behalf of the Depositor, indicated contain information as of the Cut-Off Date relating to certain Sample Solar Assets,

e.The list of relevant characteristics (the "Sample Characteristics") on the Sample Data File, which is shown on Exhibit 1 to Attachment A, and

f.Instructions, assumptions and methodologies, which are described in Attachment A.

The Originator, on behalf of the Depositor, indicated that the Sample Solar Assets on the Sample Data File were selected by ATLAS SP, on behalf of the Depositor. The Originator or ATLAS SP, on behalf of the Depositor, did not inform us as to the basis for how ATLAS SP, on behalf of the Depositor, determined the number of Sample Solar Assets or the methodology used to select the Sample Solar Assets. Additionally, the Originator, on behalf of the Depositor, indicated that the Sample Solar Assets are expected to be representative of the Solar Assets.

For the purpose of the procedure described in this report, the 300 Sample Solar Assets on the Sample Data File are referred to as Sample Solar Asset Numbers 1 through 300.

------

![image_2a.jpg](image_2a.jpg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Page 3 of 4

For the purpose of the procedure described in this report, certain information contained on the Sample Data File is the "Subject Matter" as of the date of this report.

The procedure included in Attachment A is limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Sample Data File, Sources, Sample Characteristics and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than the procedure listed in Attachment A. We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Sources or any other information provided to us, or that we were instructed to obtain, as applicable, by the Originator, on behalf of the Depositor, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to (a) the existence of the Sample Solar Assets or Solar Assets, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Originator, on behalf of the Depositor, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedure described in this report was not performed for the purpose of:

a.Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a "rating agency") or

b.Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.Whether the origination of the Solar Assets conformed to, or deviated from, stated underwriting or credit extension guidelines, standards, criteria, or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.The value of the collateral securing the Solar Assets,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.Whether the originator(s) of the Solar Assets complied with federal, state or local laws or regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.Any other factor or characteristic of the Solar Assets that would be material to the likelihood that the issuer of the Notes will pay interest and principal in accordance with applicable terms and conditions.

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![image_2a.jpg](image_2a.jpg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Page 4 of 4

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than the Specified Parties. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

27 March 2023

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![image_2a.jpg](image_2a.jpg)

**Attachment A**

**<u>Procedure performed and our associated findings</u>**

1. For each Sample Solar Asset, we compared the Sample Characteristics listed on Exhibit 1 to Attachment A, as shown on the Sample Data File, to the corresponding information located in the Sources, or to the corresponding information we recalculated using information located on the Sample Data File and/or in the Sources, as applicable, subject to the instructions, assumptions and methodologies provided by the Originator, on behalf of the Depositor, described in the notes to Exhibit 1 to Attachment A. The Source(s) that we were instructed by the Originator, on behalf of the Depositor, to use for each Sample Characteristic are shown on Exhibit 1 to Attachment A. Except for the information shown on Exhibit 2 to Attachment A, all such compared information was found to be in agreement.

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**Exhibit 1 to Attachment A**

Page 1 of 6

**<u>Sample Characteristics and Sources</u>**

---

| | | | |
|:---|:---|:---|:---|
| <br>**<u>Sample Characteristic</u>** | <br>**<u>Sample Data File Field Name</u>** | <br>**<u>Source(s)&nbsp;&nbsp;&nbsp;&nbsp;</u>** | <br>**<u>Note(s)</u>** |
| System ID | System ID | Agreement and Supplemental Sample Query | i. |
| Installation state | State | Agreement |  |
| Contract type | Contract Type | Agreement or Servicing System Screen Shots | ii. |
| Original term (months) | Original Term (Months) | Agreement |  |
| Year 1 monthly payment | Year 1 Monthly Payment | Agreement | iii. |
| Year 1 solar rate | Year 1 Solar Rate | Agreement or Servicing System Screen Shots | iv. |
| Annual escalator | Annual Escalator (%) | (a)Agreement or<br>(b)Agreement and recalculation | v. |
| Year 1 guaranteed production (kWh) | Year 1 Guaranteed Production (kWh) | Agreement or Supplemental Sample Query | vi., vii., viii. |
| Partner account | Channel Partner | Agreement or Supplemental Sample Query | viii., ix. |
| First payment date | First payment date | Supplemental Sample Query | vi. |
| Last payment date | Last payment date | Agreement, Supplemental Sample Query and recalculation | vi., x. |
| Number of payments made (months) | Number of Payments Made | Supplemental Sample Query and recalculation | vi., xi. |
| Remaining contract term (months) | Remaining Contract Term (months) | Agreement and recalculation | xii. |
| Battery manufacturer | Battery Manufacturer | Agreement or Servicing System Screen Shots | ix., xiii, xiv. |
| Total battery capacity (kWh) | Total Battery Capacity | Supplemental Sample Query | xiv. |
| System size (kW DC) | System Size (kW) | Work Order or Supplemental Sample Query | viii. |
| Utility name | Utility name | Work Order or Supplemental Sample Query | viii., ix. |
| Panel manufacturer | Panel manufacturer | Work Order or Supplemental Sample Query | viii., ix. |
| Inverter manufacturer | Inverter manufacturer | Work Order or Supplemental Sample Query | viii., ix. |
| SMART eligibility  | SMART Eligibility | Incentives Sample Query | xv. |
| TREC eligibility | TREC Eligibility | Incentives Sample Query | xv. |
| Year 1 performance production (kWh) | Year 1 Expected Production | Supplemental Sample Query |  |
| FICO score | FICO | Supplemental Sample Query | vi. |

---

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**Exhibit 1 to Attachment A**

Page 2 of 6

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| | | | |
|:---|:---|:---|:---|
| InService date | InService Date | Supplemental Sample Query | vi. |
| Inverter type | Inverter Type | Supplemental Sample Query | |
| Payment type (ACH) | Payment Type | Supplemental Sample Query | |
| CT PBI rate | CT PBI Rate ($/kWh) | Incentives Sample Query | vi. |
| CT PBI term (months) | CT PBI Term (months) | Incentives Sample Query | vi. |
| Billing type | Billing Type | Agreement | xvi. |

---

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**Exhibit 1 to Attachment A**

Page 3 of 6

**<u>Notes</u>:**

i.For identification purposes only.

ii.For the purpose of comparing the contract type Sample Characteristic for each Sample Solar Asset (except for the Sample Solar Assets described in the succeeding paragraph(s) of this note), the Originator, on behalf of the Depositor, instructed us to note agreement if the contract type value, as shown on the Sample Data File, agreed with the corresponding contract type value, as shown in the Agreement, in accordance with the decode table shown below, subject to the additional instruction(s) described in the succeeding paragraph(s) of this note:

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| | |
|:---|:---|
| **<u>Sample Data File Value</u>** | <br>**<u>Agreement Value</u>** |
| Lease | Lease, Sunnova Easy Save, Easy Plan<sup>TM</sup> Equipment Lease, Solar Benefits Agreement, LeasePlus New Home Solar Plan, LeasePlus or LeasePlus Solar Program |
| Lease Storage | SunSafe<sup>TM</sup> Easy Save, Sunnova SunSafe<sup>TM</sup> Easy Save, SunSafe<sup>TM</sup> Lease or Sunnova SunSafe<sup>TM</sup> Solar + Battery Storage Service |
| PPA | PPA or Sunnova Easy Save Monthly |
| PPA-EZ | Plan EZ Pay PPA, EZ Pay PPA Plan, Easy Plan<sup>TM</sup> PPA or Sunnova Easy Save Simple |
| Variable PPA | Solar 20/20 Plan Agreement with variable billing |

---

For the purpose of comparing the contract type Sample Characteristic for Sample Solar Asset Numbers 31, 32, 75, 82, 120, 127, 130, 134, 141, 159, 215, 250, 268 and 283, the Originator, on behalf of the Depositor, instructed us to use the Servicing System Screen Shots as the Source.

For the purpose of this procedure, the Originator, on behalf of the Depositor, instructed us to ignore differences due to abbreviations and truncations.

iii.For the purpose of comparing the year 1 monthly payment Sample Characteristic for each Sample Solar Asset (except for the Sample Solar Assets described in the succeeding paragraph(s) of this note), the Originator, on behalf of the Depositor, instructed us to use the year 1 monthly payment if paid by ACH, as shown in the Agreement.

The Originator, on behalf of the Depositor, instructed us not to compare the year 1 monthly payment Sample Characteristic for Sample Solar Assets with a contract type of "PPA," "PPA-EZ" or "Variable PPA," as shown on the Sample Data File (each, a "Sample PPA Solar Asset").

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**Exhibit 1 to Attachment A**

Page 4 of 6

**<u>Notes</u>:** (continued)

iv.For the purpose of comparing the year 1 solar rate Sample Characteristic for each Sample PPA Solar Asset (except for the Sample Solar Assets described in the succeeding paragraph(s) of this note), the Originator, on behalf of the Depositor, instructed us to use the first year solar rate if paid by ACH, as shown in the Agreement.

For the purpose of comparing the year 1 solar rate Sample Characteristic for Sample Solar Asset Number 211, the Originator, on behalf of the Depositor, instructed us to use the Servicing System Screen Shots as the Source.

The Originator, on behalf of the Depositor, instructed us not to compare the year 1 solar rate Sample Characteristic for Sample Solar Assets with a contract type of "Variable PPA," "Lease" or "Lease Storage," as shown on the Sample Data File.

v.For the purpose of comparing the annual escalator Sample Characteristic for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Use the Agreement as the Source for each Sample PPA Solar Asset and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Recalculate the annual escalator for each Sample Lease Solar Asset with a contract type of "Lease" or "Lease Storage," as shown on the Sample Data File (each, a "Sample Lease Solar Asset") by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Subtracting the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Year 1 monthly payment if paid by ACH from

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Year 2 monthly payment if paid by ACH,

both as shown in the Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Dividing the result obtained above by the year 1 monthly payment if paid by ACH, as shown in the Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Multiplying the result obtained above by 100 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Rounding the result obtained above to the first decimal place (XX.X).

vi.The Originator, on behalf of the Depositor, instructed us not to compare the indicated Sample Characteristics for Sample Solar Assets with a corresponding value of "NA," "—" or "0," as shown on the Sample Data File.

vii.For the purpose of comparing the year 1 guaranteed production (kWh) Sample Characteristic for each Sample Lease Solar Asset, the Originator, on behalf of the Depositor, instructed us to ignore differences of +/- 1.00 kWh or less (and in accordance with any other applicable note(s)).

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**Exhibit 1 to Attachment A**

Page 5 of 6

**<u>Notes</u>:** (continued)

viii.For the purpose of comparing the indicated Sample Characteristics for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to use the Supplemental Sample Query as the Source if the information, as shown in the Agreement or Work Order, as applicable, is different than the corresponding information, as shown on the Sample Data File (and in accordance with any other applicable note(s)).

ix.For the purpose of comparing the indicated Sample Characteristics for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to ignore differences due to abbreviations, truncations or spelling errors (and in accordance with any other applicable note(s)).

x.For the purpose of comparing the last payment date Sample Characteristic for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to recalculate the last payment date by adding the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Number of months represented by the result of subtracting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)One from the

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The original term (months), as shown in the Agreement,

to

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.First payment date, as shown on the Supplemental Sample Query

(and in accordance with any other applicable note(s)).

xi.For the purpose of comparing the number of payments made (months) Sample Characteristic for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to recalculate the number of payments made (months) by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Calculating the difference in days using the YEARFRAC function in Microsoft Excel between the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)First payment date, as shown on the Supplemental Sample Query, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Cut-Off Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Multiplying the result obtained above by 12 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Rounding up the result obtained above to the nearest integer

(and in accordance with any other applicable note(s)).

xii.For the purpose of comparing the remaining contract term (months) Sample Characteristic for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to recalculate the remaining contract term (months) by subtracting the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Number of payments made (months), as shown on the Sample Data File, from

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Original term (months), as shown in the Agreement.

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**Exhibit 1 to Attachment A**

Page 6 of 6

**<u>Notes</u>:** (continued)

xiii.For the purpose of comparing the battery manufacturer Sample Characteristic for each Sample Solar Asset (except for the Sample Solar Asset described in the succeeding paragraph(s) of this note), the Originator, on behalf of the Depositor, instructed us to use the Agreement as the Source.

For the purpose of comparing the battery manufacturer Sample Characteristic for Sample Solar Asset Number 244, the Originator, on behalf of the Depositor, instructed us to use the Servicing System Screen Shots as the Source.

xiv.The Originator, on behalf of the Depositor, instructed us not to compare the indicated Sample Characteristics for Sample Solar Assets with a contract type of "Lease," "PPA," "PPA-EZ" or "Variable PPA," as shown on the Sample Data File.

xv.For the purpose of comparing the indicated Sample Characteristics for each Sample Solar Asset, the Originator, on behalf of the Depositor, instructed us to note agreement with a:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Value of "Yes," as shown on the Sample Data File, if the corresponding Sample Solar Asset was included on the Incentives Sample Query and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Value of "No," as shown on the Sample Data File, if the corresponding Sample Solar Asset was not included on the Incentives Sample Query.

xvi.For the purpose of comparing the billing type Sample Characteristic for each Sample Lease Solar Asset, the Originator, on behalf of the Depositor, instructed us to note agreement with a billing type value of "fixed," as shown on the Sample Data File.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Originator, on behalf of the Depositor, described in the notes above.

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**Exhibit 2 to Attachment A**

**<u>Sample Characteristic Difference</u>**

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| | | | |
|:---|:---|:---|:---|
| <br>**Sample Solar**<br>**<u>Asset Number&nbsp;&nbsp;&nbsp;&nbsp;</u>** | <br>**<u>Sample Characteristic&nbsp;&nbsp;&nbsp;&nbsp;</u>** | <br>**Sample**<br>**<u>Data File Value&nbsp;&nbsp;&nbsp;&nbsp;</u>** | <br>**<u>Source Value&nbsp;&nbsp;&nbsp;&nbsp;</u>** |
| 64 | Year 1 solar rate | 0.136 | 0.135 |

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