Common use of Allocation of Net Metering Credits Clause in Contracts

Allocation of Net Metering Credits. For each month during the term of this Agreement, Developer shall cause Utility to allocate net metering credits to a Utility electrical account designated by Owner, or if Owner is not a customer of Utility then to a Utility electrical account designated by Developer, in an amount equal to “Owner’s Prorata Share” of the total net generation of the Project. “Owner’s Prorata Share” shall be a percentage equal to the total rated production capacity of Owner’s Solar Panels (in kW) divided by the total rated production capacity of all solar panels installed at the Project (in kW). a. Developer hereby understands that the Utility will follow all laws, rules and orders directing a utility on how to calculate the value of the net metering credits attributable to Owner’s Prorata Share and to apply such credits to Owner’s electricity xxxx(s) should the Owner’s utility account be in Green Mountain Power’s service territory. The specific GMP account number(s) and split between those accounts (if applicable) is noted on the signature page. b. Should the Owner not be a customer of Green Mountain Power, then Developer shall pay Owner each month an amount equal to Owner’s Prorata Share of the kWhs produced by the Project, multiplied by the prevailing GMP Rate #1 plus the applicable solar adder incentive multiplied by 90%. Payment shall be in the form of a check mailed to the address noted on the signature page, or, if Owner desires, directly to a financial institution of their choice, the name, address and account number to be supplied to the Developer. c. NOTWITHSTANDING THE FOREGOING OR ANYTHING HEREIN TO THE CONTRARY, DEVELOPER MAKES NO REPRESENTATIONS OR WARRANTIES OR GUARANTIES AS TO THE VALUE OF THE NET METERING CREDITS THAT WILL BE PRODUCED BY OWNER’S SOLAR PANELS AND/OR TO BE APPLIED TO OWNER’S UTILITY XXXX(S), AND DIRECTS OWNER TO THE VERMONT NET METERING STATUTE AT 30 V.S.A. 219a, THE RULES AND REGULATIONS OF THE VERMONT PUBLIC SERVICE BOARD, AND THE UTILITY’S RATE SCHEDULES AS APPROVED BY THE PUBLIC SERVICE BOARD, AND ALL AMENDMENTS TO THE FOREGOING.

Allocation of Net Metering Credits. For each month during the term of this Agreement, Developer shall cause Utility to allocate net metering credits to a Utility electrical account designated by Owner, or if Owner is not a customer of Utility then to a Utility electrical account designated by Developer, in an amount equal to “Owner’s Prorata Share” of the total net generation of the Project. “Owner’s Prorata Share” shall be a percentage equal to the total rated production capacity of Owner’s Solar Panels (in kW) divided by the total rated production capacity of all solar panels installed at the Project (in kW). a. Developer hereby understands that the Utility will follow all laws, rules and orders directing a utility on how to calculate the value of the net metering credits attributable to Owner’s Prorata Share and to apply such credits to Owner’s electricity xxxx(s) should the Owner’s utility account be in Green Mountain Power’s service territory. The specific GMP account number(s) and split between those accounts (if applicable) is noted on the signature page. b. Should the Owner not be a customer of Green Mountain Power, then Developer shall pay Owner each month an amount equal to Owner’s Prorata Share of the kWhs produced by the Project, multiplied by the prevailing GMP Rate #1 plus the applicable solar adder incentive multiplied by 90%. Payment shall be in the form of a check mailed to the address noted on the signature page, or, if Owner desires, directly to a financial institution of their choice, the name, address and account number to be supplied to the Developercheck. c. NOTWITHSTANDING THE FOREGOING OR ANYTHING HEREIN TO THE CONTRARY, DEVELOPER MAKES NO REPRESENTATIONS OR WARRANTIES OR GUARANTIES AS TO THE VALUE OF THE NET METERING CREDITS THAT WILL BE PRODUCED BY OWNER’S SOLAR PANELS AND/OR TO BE APPLIED TO OWNER’S UTILITY XXXX(S), AND DIRECTS OWNER TO THE VERMONT NET METERING STATUTE AT 30 V.S.A. 219a, THE RULES AND REGULATIONS OF THE VERMONT PUBLIC SERVICE BOARD, AND THE UTILITY’S RATE SCHEDULES AS APPROVED BY THE PUBLIC SERVICE BOARD, AND ALL AMENDMENTS TO THE FOREGOING.

Allocation of Net Metering Credits. For each month during the term of this Agreement, Developer shall cause Utility to allocate net metering credits to a Utility electrical account designated by Owner, or if Owner is not a customer of Utility then to a Utility electrical account designated by Developer, in an amount equal to “Owner’s Prorata Share” of the total net generation of the Project. “Owner’s Prorata Share” shall be a percentage equal to the total rated production capacity of Owner’s Solar Panels (in kW) divided by the total rated production capacity of all solar panels installed at the Project (in kW). a. Developer hereby understands that the Utility will follow all laws, rules and orders directing a utility on how to calculate the value of the net metering credits attributable to Owner’s Prorata Share and to apply such credits to Owner’s electricity xxxx(s) should the Owner’s utility account be in Green Mountain Power’s service territory. The specific GMP account number(s) and split between those accounts (if applicable) is noted on the signature page. b. Should the Owner not be a customer of Green Mountain Power, then Developer shall pay Owner each month an amount equal to Owner’s Prorata Share of the kWhs produced by the Project, multiplied by the prevailing GMP Rate #1 plus the applicable solar adder incentive multiplied by 90%. Payment shall be in the form of a check mailed to the address noted on the signature page, or, if Owner desires, directly to a financial institution or utility of their choice, the name, address and account number to be supplied to the Developer. c. NOTWITHSTANDING THE FOREGOING OR ANYTHING HEREIN TO THE CONTRARY, DEVELOPER MAKES NO REPRESENTATIONS OR WARRANTIES OR GUARANTIES AS TO THE VALUE OF THE NET METERING CREDITS THAT WILL BE PRODUCED BY OWNER’S SOLAR PANELS AND/OR TO BE APPLIED TO OWNER’S UTILITY XXXX(S), AND DIRECTS OWNER TO THE VERMONT NET METERING STATUTE AT 30 V.S.A. 219a, THE RULES AND REGULATIONS OF THE VERMONT PUBLIC SERVICE BOARD, AND THE UTILITY’S RATE SCHEDULES AS APPROVED BY THE PUBLIC SERVICE BOARD, AND ALL AMENDMENTS TO THE FOREGOING.

Allocation of Net Metering Credits. For each month during the term of this Agreement, Developer shall cause Utility to allocate net metering credits to a Utility electrical account designated by Owner, or if Owner is not a customer of Utility then to a Utility electrical account designated by Developer, in an amount equal to “Owner’s Prorata Share” of the total net generation of the Project. “Owner’s Prorata Share” shall be a percentage equal to the total rated production capacity of Owner’s Solar Panels (in kW) divided by the total rated production capacity of all solar panels installed at the Project (in kW). a. Developer hereby understands that the Utility will follow all laws, rules and orders directing a utility on how to calculate the value of the net metering credits attributable to Owner’s Prorata Share and to apply such credits to Owner’s electricity xxxx(s) should the Owner’s utility account be in Green Mountain Power’s service territory. The specific GMP account number(s) and split between those accounts (if applicable) is noted on the signature page. GMP account holders will become members of a new net meter group with a new billing cycle and all usage history prior to joining the new group will not be shown. Your GMP account number will not change. b. Should the Owner not be a customer of Green Mountain Power, then Developer shall pay Owner each month an amount equal to Owner’s Prorata Share of the kWhs produced by the Project, multiplied by the prevailing GMP Rate #1 plus the applicable solar adder incentive multiplied by 90%. Payment shall be in the form of a check mailed to the address noted on the signature page, or, if Owner desires, directly to a financial institution or utility of their choice, the name, address and account number to be supplied to the Developer. c. NOTWITHSTANDING THE FOREGOING OR ANYTHING HEREIN TO THE CONTRARY, DEVELOPER MAKES NO REPRESENTATIONS OR WARRANTIES OR GUARANTIES AS TO THE VALUE OF THE NET METERING CREDITS THAT WILL BE PRODUCED BY OWNER’S SOLAR PANELS AND/OR TO BE APPLIED TO OWNER’S UTILITY XXXX(S), AND DIRECTS OWNER TO THE VERMONT NET METERING STATUTE AT 30 V.S.A. 219a, THE RULES AND REGULATIONS OF THE VERMONT PUBLIC SERVICE BOARD, AND THE UTILITY’S RATE SCHEDULES AS APPROVED BY THE PUBLIC SERVICE BOARD, AND ALL AMENDMENTS TO THE FOREGOING.