Agreement Of Solar System Purchase And Installation

Whereas customer desires to retain ews to design supply and install a solar energy system at customer s site address the property pursuant to the terms of this agreement.

Agreement of solar system purchase and installation.

Under these solar power purchase agreements the installer builds a solar power system on the homeowner s property but the solar installer retains ownership of the system. A power purchase agreement is simply an agreement to purchase power at an agreed upon price kwh. A solar power purchase agreement sppa is a financial arrangement in which a third party developer owns operates and maintains the photovoltaic pv system and a host customer agrees to site the system on its property and purchases the system s electric output from the solar services provider for a predetermined period. In simple terms a solar lease or solar ppa is a rental agreement between a solar installer and the homeowner.

A solar power purchase agreement ppa is a financial agreement where a developer arranges for the design permitting financing and installation of a solar energy system on a customer s property at little to no cost. The developer sells the power generated to the host customer at a fixed rate that is typically lower than the local utility s retail rate. Be mindful that many companies offer fairly low starter rates for example 0 155 kwh with no money down if you qualify but the contract includes an annual rate escalator usually between 1 2 9 per year for the entire 20 year ppa. Now therefore in consideration of the mutual promises contained herein and intending to be legally bound hereby ews and customer agree as follows.

If you are a contractor in california who is selling solar systems to residential customers please see our residential solar system installation agreement.