Sale of Electricity Generated by the Community Solar Garden Sample Clauses

Sale of Electricity Generated by the Community Solar Garden. Effective upon the Date of Commercial Operation, the Community Solar Garden shall sell and deliver to the Company at the Production Meter all of the photovoltaic energy produced by the PV System. Payment for the Subscribed Energy which is produced and delivered will be solely by a Bill Credit to Subscribers as detailed below. Payment for Unsubscribed Energy will be paid to the Community Solar Garden Operator at the then current: 1.) Company’s avoided cost rate (found in the Company’s rate book, Rate Code A51) for solar gardens of 40 kW (AC) capacity or larger, or 2.) Company’s average retail energy rate (found in the Company’s rate book, Rate Code A50) for solar gardens under 40 kW (AC) capacity. N Where the Community Solar Garden Operator has elected to transfer the solar RECs to the Company under the N Standard Contract for Solar*Rewards Community, an additional payment of $0.01/kWh will be paid to the Community N Solar Garden Operator for the RECs associated with this Unsubscribed Energy. The Community Solar Garden Operator shall not sell any photovoltaic energy generated from the PV System, or any capacity associated with the PV System, to any person other than the Company during the term of this Contract, and the Company shall purchase and own all photovoltaic energy produced by the PV System. This Contract conveys to the Company all energy generated from the PV System and all capacity associated with the PV System for the Term of the Contract.
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