Solar Equipment Lease Agreement

With a contract to purchase electricity, you pay for electricity, not for panels.2 We not only install and wait for your solar installation, but we also guarantee its power, measured by the energy produced by your solar installation. Sunrun guarantees that your new solar system will never run at less than 95% of the estimated power. If the sun refuses to shine, or something breaks, and your panels don`t produce the electricity we promised, you`ll be reimbursed for the difference. Learn more about the generally proposed solar/AAE rental structures, as well as the pros and cons of solar energy. Performance and maintenance: The leasing company will monitor the performance of the system to ensure that it works properly for the duration of the lease. They are also responsible for maintenance and repair, although solar panels require little or no maintenance over their lifetime. solar leasing and solar PPAs look like renting your solar panel installation. You enter into an agreement with the solar rental company that entitles you to the benefits of the system (i.e. the energy generated by solar panels) for the duration of the contract, which is usually about 20 years. Selling your home: If you sell your property, you can transfer the rest of your rental to the buyer or buy the system to your rental company itself and include it in the sale of your property. While the terms “Solar Leasing” and “Solar PPA” are used interchangeably on this site and are very similar in practice, there is an essential difference between the two. With a solar rental, you agree to pay a fixed monthly “rent” or a lease payment, calculated on the basis of the estimated amount of electricity that the system will generate in exchange for the right to use the solar system. With a solar PPA, rather than paying to “rent” the solar panel installation, you agree to buy the electricity generated by the installation at a fixed price per kWh.

Solar Lease: You pay a fixed monthly amount to use the energy produced by the solar installation on your roof. Under these agreements, the solar rental company owns and maintains your solar panel installation, so it is entitled to rebates, tax breaks and financial incentives available for the installation of solar panels. Consumers can indirectly benefit from these savings through lower electricity prices. In 2007, Sunrun was at the forefront of solar leasing (PPA), which allowed homeowners to drive solar power for $0. Solar leasing is quickly the most popular way to help homeowners never enjoy solar energy.1 It gives you the same reliable energy as solar property, but with the added benefits of a professionally managed and maintained system, daily monitoring and a solar production guarantee.