Agreement Of Solar System Purchase And Installation

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.

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. 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. 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 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.

A power purchase agreement is simply an agreement to purchase power at an agreed upon price kwh. It is an agreement to be used when the contractor is selling a solar system to a business customer. In simple terms a solar lease or solar ppa is a rental agreement between a solar installer and the homeowner. A reputable solar company offering you a ppa should very clearly inform you what the price per kwh is for your agreement.

Now therefore in consideration of the mutual promises contained herein and intending to be legally bound hereby ews and customer agree as follows.