Sales 7 - Know the Agreement
Sales 7 - ITC Know the PPA Agreement
Know the PPA Agreement
View the video or read the article below
Here is where you can find important information in the PPA agreement
Summary Page
This page summarizes very clearly…
The numbers that matter listed across the top
The value proposition described at the bottom
Three Positives
Monitoring: Section 2(d)
Performance Guarantee:
Sec 3(d)
Insurance: Sec (a)
Common Questions
UCC-1 Filing: Sec 2(b)(ii)
HDM will file a UCC-1 with the city or county, which confirms HDM’s ownership of the Solar System.
Service Contract: Sec 2(b)(iv)
Purchase of Electricity: Sec 6(b)
Purchasing and Moving
Purchase the System: Sec (a)
The first opportunity for a homeowner to purchase the system is at the sixth anniversary.
HDM will deliver a Transfer Notice. The customer must send HDM written notice that they intend to purchase the system within (60) days of the anniversary.
Purchase Price: Sec (c)
The purchase price will be equal to the fair market value of the system minus the value of the system’s energy yet to be delivered (14 years’ worth of output).
Administrative Fee: (a)
If a customer declines to purchase the system after six years there is an annual administrative fee of $48 per kW of solar.
A 6kW system would have an administrative fee of $288 that would increase annually by 2.9%.
Sale of Property: Sec (b)
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